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    Modeling the risk relationships and defining the risk set

    Access Status
    Fulltext not available
    Authors
    Hussain, Omar
    Chang, Elizabeth
    Hussain, Farookh
    Dillon, Tharam S.
    Soh, B.
    Date
    2005
    Type
    Conference Paper
    
    Metadata
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    Citation
    Hussain, Omar and Chang, Elizabeth and Hussain, Farookh and Dillon, Tharam S. and Soh, Ben. 2005. : Modeling the risk relationships and defining the risk set, in LatAm Collaborative Electronic Commerce Technology and Research Conference (CollECTer), Oct 03 2005. Talca, Chile: Universidad de Talca.
    Source Title
    Proceedings of the LatAm Collaborative Electronic Commerce Technology and Research Conference (CollECTer)
    Source Conference
    LatAm Collaborative Electronic Commerce Technology and Research Conference (CollECTer)
    Faculty
    Curtin Business School
    School of Information Systems
    School
    Centre for Extended Enterprises and Business Intelligence
    URI
    http://hdl.handle.net/20.500.11937/13728
    Collection
    • Curtin Research Publications
    Abstract

    In a peer-to-peer financial transaction there is a possibility of the trusted peer engaging in an untrustworthy manner and in a negative behaviour on the buyer's expense resulting in the loss of the buyer's resources. This possibility of the loss in the buyer's resources is termed as Risk. Hence Risk analysis is important in a transaction to determine the likelihood of the loss in the resources involved in the transaction. We have developed a methodology by which the trusting peer can assign a Riskiness value to a trusted peer after the transaction hence knowing its Riskiness value. In this paper we represent the Risk relationship that a trusting peer has with a trusted peer after transacting with it and define a standard format for representing the Risk relationship so that when it gives a recommendation to any other trusting peer it is easier for them to interpret and understand.

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      Trust has played a central role in human relationships and hence has been the subject of study in many fields including business, law, social science, philosophy and psychology. It has played a pivotal role in forming ...
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      The trusting peer in order to determine the likelihood of the loss in its resources might analyze the Risk before engaging in an interaction with any trusted peer. This likelihood of the loss in the resources is termed ...
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