Schlagwort-Archive: trust

Vertrauen – Trust

Trust seems to me an important topic in this project. Right in the beginning one of the participants wrote that for him choreography is the trust building component in this project, which will finally design a corporation in which we trust.
Last weekend I had a long and extremely interesting conversation with Bill Forsythe. We also came across trust at one point, talking about banks, who need people’s trust more to create value than they need money. We also talked about money representing unhappiness as it is at the end of the line often earned on someone’s misery. This also reminded me of one of the working sessions when someone stated money is exhausting and stressful.

I finally did some research on trust. It is accepted the main ingredient for transactions to happen between people (apart from the will or need to do a transaction at all), thus the most basic input to our economic system. The more trust on both sides of the transaction parties, the less transaction costs. If we assume that one of the reasons for corporations to exist, is the reduction of transaction costs, we might as well say, the reason for corporations to be founded is to increase trust. Thus the idea of working with choreography, which has presumably the competence as a trust building method, structure or concept to found and lead a corporation, seems the most natural thing to do.

There is obviously also a physical relation between the trust building hormone Oxytocin and dance, which I am about to investigate further.

Trust is a form of social capital.

Game theory has long shown, that we would benefit more, if we collaborate with and/or trust one another rather than following the rational homo oeconomicus in ourselves (e.g. prisoners’ dilemma).

Economically the optimum trust level is considered to be the one, where it is equal for all parties involved. Thus, not a “more” and “higher” than others is to be aimed for, but equality which may be raised together to a higher level, is the way to benefit in trust.

Bringing these statements and thoughts together to form an answer on the still open question, what kind of corporation we should choreograph, my spontaneous answer today would be: A BANK,
a bank of trust, whose aim is not to increase the value of money by using trust, but to value and elevate trust itself.