Having trust means that individuals (trustors
) believe that their partner will take the trustor
's interests into account and therefore the trustors
dare to make decisions that open them to the risk of exploitation by their partner (Balliet & Van Lange, 2013).
, or trustees often desire to change an irrevocable trust to improve a trust's administrative provisions, change the governing law of a trust, clarify ambiguous trust terms, or achieve tax goals.
Since the trust will continue long after its creator and immediate members are deceased, many trustors
may wish to establish a trust protector to look over the trustee's shoulder.
In our LCT model, three factors, namely the number of the trust certifications, the time decay of the trust certifications and the similarity between the trustors
and the certifiers, are comprehensively considered to ease the issue of collusion attacks and make the trust certifications more accurate.
A trust-based relationship is one where "the willingness of a party to be vulnerable to the actions of another party [is] based on the expectation that the other will perform a particular action important to the trustor
, irrespective of the ability to monitor or control that other party" (Mayer, Davis, & Schoorman, 1995, p.
However, no such effect is found when only trustors
can send messages.
They suggest that psychologists focus on the individual attributes of the trustor
and trustee involved, while sociologists tend to study trust in a societal settings, with relationships and interactions among people/organizations.
In essence, using Locke's theoretical framework (as an analogy) to describe actual historical events, the governments making these promises during the war became, in effect, the trustors
of this new fiduciary legal order which includes their recognition of self determination, international human rights and strict limits on the state's use of international force.
Trust and reciprocity decisions: The differing perspectives of trustors
and trusted parties, Organizational Behavior and Human Decision Processes.
The winners immediately established a trust, and, under the terms of the trust agreement, Clopton and the other trustors
granted, assigned, and delivered all their rights, title, and interests in the lottery ticket to the trust.
Similarly, Pillutla, Maihotra, and Murnighan (2002) found that trusted parties were less likely to honor trust when trustors
had taken small rather than large risks.
This predictability in trustees' behaviour, if it exists, is 'discovered' by trustors
through observation of, and experience with them.