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Quantifying risk in financial terms in an e-transaction.

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

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Citation
Hussain, Omar and Chang, Elizabeth and Hussain, Farookh and Dillon, Tharam. 2006. Quantifying risk in financial terms in an e-transaction, in 2006 4th International Conference on Industrial Informatics (INDIN), Aug 16 2006, pp. 587-592. Singapore: IEEE Computer Society Press.
Source Title
2006 IEEE International Conference on Industrial Informatics
Source Conference
2006 4th International Conference on Industrial Informatics (INDIN)
Faculty
Curtin Business School
School
Centre for Extended Enterprises and Business Intelligence
Remarks

Copyright 2006 IEEE

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Abstract

An outcome of Risk is the possible loss that could incur in an interaction. In a peer-to-peer financial interaction, the possible loss that could incur is usually the financial loss in the resources of the trusting agent that are involved in the interaction. Hence, a consideration for the trusting agent to analyze the Risk in interacting with any probable trusted agent in order to decide whether to interact with it or not, is to determine the potential loss in its resources that may occur. In this paper, we will propose a methodology by which the trusting agent can determine beforehand the possible loss that could be incurred to it as a result of interacting with a probable trusted agent.