Abstract
Contemporary trust research regards trust as a way of dealing with uncertainty and risk. Predominantly, it suggests that trust reduces uncertainty by means of risk assessment and rational calculation. However, phenomenological research proposes that trust is an alternative way of relating to uncertainty rather than a way to reduced uncertainty. This paper investigates these propositions in an interview study on intersubjective trust. The study focuses on the modes of uncertainty management employed in trust and risk, and particularly on how knowledge, experience, familiarity, and decision-making are combined in the act of trusting. The main finding is that trust and risk are better characterised as different ways of perceiving the social and managing uncertainty, than as different elements of the same decision process. The concept of ‘risk compartmentalisation’ is developed to describe the different ways people work to contain risk and maintain trust by combining adaptation and familiarity.