The influence of collectivism on trustworthiness when managing the assets of a group

Bachelor Thesis from the year 2015 in the subject Business economics - General, grade: 2,3, University of Constance, language: English, abstract: This thesis investigates differences between cultures concerning trust and trustworthiness among the participants of the experiment. It compares data from a collectivism country like India with a more individualistic country like the United States.Situations like returning money borrowed from a friend, receiving the planned and paid medical treatment in a hospital, being a motivated employee as claimed in the interview, spending money for a project as promised at the charity or choosing a reliable supply firm are examples where trustworthiness (TWN) might occur. Trust is seen as a fundamental requirement of a growing and successful economy; hence, trustworthiness is also an indispensable part. Some might claim that trustworthiness comes from trust, while others, like Hardin for example, go a step further and see trustworthiness as the reason for trusting. Others, like Chauduri and Gangadharan, consider trustworthiness more important than trust. Hence, additional knowledge about what impacts trustworthiness, could be helpful in peoples’ everyday life as well as in the economy.