Violence as a Source of Trust in Criminal Societies
This is interesting:
If I know that you have committed a violent act, and you know that I have committed a violent act, we each have information on each other that we might threaten to use if relations go sour (Schelling notes that one of the most valuable rights in business relations is the right to be sued -- this is a functional equivalent).
Abstract of original paper; full paper is behind a paywall.
Posted on July 22, 2013 at 6:36 AM • 18 Comments