Abstract
From choosing the daily lunch menu to buying or selling stock options, decisions have to be made every day. In general, due to incomplete information, making a decision carries a risk. Typically, such risks are mitigated through risk management.
However, risk is not the only element involved in the decision process. When the decision to be made concerns an interaction between two entities, trust plays an important role. Trust, in such an interaction, is a prediction of one entity's reliance on the other entity to perform a certain action.
In this paper we formulate a trust reference model and take a first step towards a decision model by combining the trust model with an existing risk model. The decision model is illustrated by an example in the e-banking domain.
However, risk is not the only element involved in the decision process. When the decision to be made concerns an interaction between two entities, trust plays an important role. Trust, in such an interaction, is a prediction of one entity's reliance on the other entity to perform a certain action.
In this paper we formulate a trust reference model and take a first step towards a decision model by combining the trust model with an existing risk model. The decision model is illustrated by an example in the e-banking domain.
Original language | English |
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Title of host publication | Information Security 2009 |
Subtitle of host publication | Proceedings of the Seventh Australasian Information Security Conference (AISC 2009), Wellington, New Zealand, January 2009 |
Editors | Ljiljana Brankovic, Willy Susilo |
Place of Publication | Sydney |
Publisher | Australian Computer Society |
Pages | 61-69 |
Number of pages | 9 |
ISBN (Print) | 9781920682798 |
Publication status | Published - 2009 |
Event | Seventh Australasian Information Security Conference - Wellington, New Zealand Duration: 20 Jan 2009 → 21 Jan 2009 |
Publication series
Name | Conferences in Research and Practice in Information Technology |
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Volume | 98 |
Conference
Conference | Seventh Australasian Information Security Conference |
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Abbreviated title | AISC 2009 |
Country/Territory | New Zealand |
City | Wellington |
Period | 20/01/09 → 21/01/09 |