Project description
The importance of trust in the sharing economy
The collaborative economy covers a variety of sectors and is rapidly emerging across Europe. Adding hundreds of billions of euro to the EU economy, it offers more choices to consumers and new opportunities to entrepreneurs. However, little is known about the bottom-up psychological factors driving the collaborative economy users’ behaviour. For responsible sharing, trust is necessary but not sufficient. The EU-funded TRUSTPATH project will develop and test a psychological theory of how people use the collaborative economy. The hypothesis is that trust encouraged without transparency can lead users to neglect the negative side effects trade has on others. The findings will advance our understanding of the psychology of the collaborative economy and inform policymakers seeking to regulate it. The results will also be useful for companies seeking to promote responsible sharing among users.
Objective
The collaborative economy is estimated to add €160-€572 billion to the EU economy. Faced with blurry definitions in this emerging market, regulators use a top-down approach and introduce regulations that often fail to consider users’ behaviour. Although considerable knowledge on top-down regulatory solutions for the collaborative economy is accumulating, little is known about the bottom-up psychological factors driving the collaborative economy users’ behaviour. Online platforms rely and promote trust between users and service providers. For responsible sharing, however, trust is necessary but not sufficient. Only when trust is encouraged transparently can users share responsibly. TRUSTPATH will assess, if: (1) users are aware of, or motivated to learn about, the side effects of trade; (2) platforms’ promotion of trust increases users’ information neglect; and (3) transparent environments reduce information neglect and increase responsible sharing. Building on my expertise on trust and cooperation, and using insights from psychology, management, and economics, I will develop and test a novel psychological theory of how people use the collaborative economy: Transparency Based Trust theory (TBT). TBT’s novel hypothesis suggests trust encouraged without transparency leads users to neglect the negative side effects trade has on others. TRUSTPATH innovates by developing a novel methodology (the collaborative economy game) and using cutting-edge technologies (large-scale experiments). Support for TBT implies a major step forward in the systematic understanding of the collaborative economy in the social sciences, and the psychological mechanisms underlying users’ behaviour on platforms like Airbnb, Uber, and others. TRUSTPATH will contribute to establish a new field of study: the psychology of the collaborative economy; inform policymakers seeking to regulate the collaborative economy; and inform companies seeking to promote responsible sharing among users.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.1.1. - EXCELLENT SCIENCE - European Research Council (ERC)
MAIN PROGRAMME
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Topic(s)
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Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
ERC-COG - Consolidator Grant
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2019-COG
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1012WX Amsterdam
Netherlands
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