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Trust in Biotechnology Risk Managers: Insights from the United Kingdom, 1996-2002

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  • James, Harvey S., Jr.
  • Marks, Leonie A.

Abstract

The mid to late 1990s saw a series of negative media events in the United Kingdom (UK) related to biotechnology. According to the trust asymmetry hypothesis, such events ought to cause public trust in risk managers of biotechnology to fall quickly but rise slowly. We present evidence from the Eurobarometer surveys that from 1996 to 1999 public trust in the UK declined, but it increased sharply between 1999 and 2002. We seek to explain this apparent contradiction to the asymmetry hypothesis. We use canonical discriminant analysis of public trust to show that whether people trust or distrust risk managers of biotechnology depends significantly on the amount of knowledge people have about science. We speculate that knowledge of science moderates the trust asymmetry effect.

Suggested Citation

  • James, Harvey S., Jr. & Marks, Leonie A., 2006. "Trust in Biotechnology Risk Managers: Insights from the United Kingdom, 1996-2002," 2006 Annual meeting, July 23-26, Long Beach, CA 21153, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea06:21153
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    File URL: http://purl.umn.edu/21153
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    Cited by:

    1. Drescher, Larissa S. & de Jonge, Janneke & Goddard, Ellen & Herzfeld, Thomas, 2012. "Consumer's stated trust in the food industry and meat purchases," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 507-517.

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