This setting reflects user permissions on a list level. There are 4 different levels: Basic, Standard, Admin, and Owner ("Owner" refers to the user who initially created the list). Below shows the actions that each level can take.
If you are the list Admin or Owner, this setting can be changed by going to the list, clicking on Share, adding the user, and finally editing their user level.
|Set list default profile fields||X||X|
|Set list default creation fields||X||X|
|Set list user types/permissions||X||X|
|Create/Edit/Delete Opportunity Triggers||X||X|
|Create/Delete list-specific fields||X||X||X|
|Set default saved views||X||X||X||X|
|Update list-specific field values||X||X||X||X|
|Create saved views (private/public)||X||X||X||X|
|Create/Edit/Delete Reminder Triggers||X||X||X||X|
|Exporting a list and list notes||X||X||X||X|
NOTE: At this time, only Admins and the Owner of the list will have access to viewing the user permissions for each user. All team members invited to a partially-shared list will be added as a Standard user.