Trust is a critical concept in entrepreneurial process, but our understandings of entrepreneurial trust remain limited due to its complex nature. Trust has been found to be closely intertwined with the concept of risk, when the environment involves uncertainty, and vulnerability. Entrepreneurship scholars have studied risk for decades, but the focus on entrepreneurial trust is just picking up. Current studies on entrepreneurial trust mainly adopt traditional survey-based methodology, which relies on the self-reported measures.
In this study, we adopt a new way of seeing trust by adopting the game theoretical approach. We measure different types of trust through game experiment-based method. We believe that behaviors speak more than self-reported data. By using the game-theoretical approach, we manage to separate two types of trust, which were not able to easily measure in traditional approach: swift trust and calculative trust. We also investigate their impact on firm’s explorative partnership and innovatio