Article

Risk Management (2008) 10, 156–167. doi:10.1057/rm.2008.1

Exploring the Triangular Relationship Between Trust, Affect, and Risk Perception: A Review of the Literature

Vivianne HM Visschersa and Michael Siegrista

aETH Zurich, Institute for Environmental Decisions (IED), Consumer Behavior, Zurich, Switzerland

Correspondence: Vivianne H.M. Visschers, ETH Zurich, Institute for Environmental Decisions, Consumer Behavior, Universitaetstrasse 22, CHN J 75.3, Zurich 8092, Switzerland. E-mail: vvisschers@ethz.ch

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Abstract

Various incidents in the past, such as the BSE crisis in the UK, have shown that people's perceptions of hazards influence the risk management process. In this literature review, we investigated how people's affective evaluations and their trust in responsible agencies shape risk perception. In addition, we explored the relation between affect and trust, and the implications of these factors for risk management. Affect and trust appear to be important determinants of risk perception. Both factors act as heuristics when people have insufficient time, cognitive capacity, or motivation to evaluate risks deliberately. Trust and affect influence each other but more research is needed to clarify the direction of this relation. Risk managers should consider people's instantaneous responses to risks in addition to their deliberate responses. Additionally, they should focus on compatible values and other trust-enhancing factors.

Keywords:

trust, affect, risk perception, risk management implications