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Analysing the Relationship Between Risk and Trust

Analysing the Relationship Between Risk and Trust
Analysing the Relationship Between Risk and Trust
Among the various human factors impinging upon making a decision in an uncertain environment, risk and trust are surely crucial ones. Several models for trust have been proposed in the literature but few explicitly take risk into account. This paper analyses the relationship between the two concepts by first looking at how a decision is made based on the risk information. We then draw a model based on a decision surface, and finally derive from it a trust model, called the decision trust, in order to explicitly include risk into the trusting decision.
trust, risk, trust and risk, computer science, economic model
135-145
Josang, Audun
f952084f-8395-4822-938d-357bffed74e3
Lo Presti, Stephane
69286343-e012-4a66-bde9-82667af4a6f4
Jensen, Christian
9792dbb8-0483-4f74-a3a6-1f093985ead5
Poslad, Stefan
fad30231-02aa-46ee-b9fc-3742f206b419
Dimitrakos, Theo
0d120d3e-d90f-4a76-bcfb-684de37b11da
Josang, Audun
f952084f-8395-4822-938d-357bffed74e3
Lo Presti, Stephane
69286343-e012-4a66-bde9-82667af4a6f4
Jensen, Christian
9792dbb8-0483-4f74-a3a6-1f093985ead5
Poslad, Stefan
fad30231-02aa-46ee-b9fc-3742f206b419
Dimitrakos, Theo
0d120d3e-d90f-4a76-bcfb-684de37b11da

Josang, Audun and Lo Presti, Stephane (2004) Analysing the Relationship Between Risk and Trust. Jensen, Christian, Poslad, Stefan and Dimitrakos, Theo (eds.) Second International Conference on Trust Management (iTrust 2004), United Kingdom. 01 Mar - 29 Apr 2004. pp. 135-145 .

Record type: Conference or Workshop Item (Paper)

Abstract

Among the various human factors impinging upon making a decision in an uncertain environment, risk and trust are surely crucial ones. Several models for trust have been proposed in the literature but few explicitly take risk into account. This paper analyses the relationship between the two concepts by first looking at how a decision is made based on the risk information. We then draw a model based on a decision surface, and finally derive from it a trust model, called the decision trust, in order to explicitly include risk into the trusting decision.

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More information

Published date: 2004
Additional Information: Event Dates: March 29 - April 1st 2004
Venue - Dates: Second International Conference on Trust Management (iTrust 2004), United Kingdom, 2004-03-01 - 2004-04-29
Keywords: trust, risk, trust and risk, computer science, economic model
Organisations: Electronics & Computer Science

Identifiers

Local EPrints ID: 258769
URI: http://eprints.soton.ac.uk/id/eprint/258769
PURE UUID: 4a0f4fc3-5097-45b8-aaaf-8c20a5ed3388

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Date deposited: 19 Jan 2004
Last modified: 09 Dec 2019 20:16

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