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Quantifying risk in financial terms according to context and time

Access Status
Open access
Authors
Hussain, Omar
Chang, Elizabeth
Dillon, Tharam S.
Date
2006
Type
Conference Paper

Metadata
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Citation
Hussain, Omar and Chang, Elizabeth and Dillon, Tharam. 2006. : Quantifying risk in financial terms according to context and time, in Barga, R.S. and Zhou, X. (ed), 2nd International Workshop on Privacy and Data Management (PDM), Apr 08 2006. Atlanta, USA: IEEE Computer Society Press.
Source Title
Proceedings of the 2nd International Workshop on Privacy and Data Management (PDM) in conjunctions with the 22nd International Conference on Data Engineering (ICDE)
Source Conference
2nd International Workshop on Privacy and Data Management (PDM)
Faculty
Curtin Business School
School
Centre for Extended Enterprises and Business Intelligence
Remarks

Copyright 2006 IEEE

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Abstract

One of the characteristic of Risk is the possible loss that could be incurred in an interaction. In a peer-to-peer financial interaction the loss incurred is usually the financial loss to the resources of the trusting peer that are involved in the interaction. Hence a way for the trusting peer to analyse the Risk in interacting with any trusted peer in order to decide wether to interact with it or not, is to determine the possible loss to its resources that are involved in the interaction. In this paper we will propose a methodology by which the trusting peer can determine the possible loss that could be incurred to it in interacting with a trusted peer.