A fuzzy approach to risk based decision making
Decision making is a tough process. It involves dealing with a lot of uncertainty and projecting what the final outcome might be. Depending on the projection of the uncertain outcome, a decision has to be made. In a peer-to-peer financial interaction the trusting agent, in order to analyse the Ri...
| Main Authors: | , , , |
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| Format: | Conference Paper |
| Published: |
Springer-Verlag
2006
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/44982 |
| _version_ | 1848757155389243392 |
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| author | Hussain, Omar Chang, Elizabeth Hussain, Farookh Dillon, T. |
| author_facet | Hussain, Omar Chang, Elizabeth Hussain, Farookh Dillon, T. |
| author_sort | Hussain, Omar |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Decision making is a tough process. It involves dealing with a lot of uncertainty and projecting what the final outcome might be. Depending on the projection of the uncertain outcome, a decision has to be made. In a peer-to-peer financial interaction the trusting agent, in order to analyse the Risk, has to consider the possible likelihood of failure of the interaction and the possible consequences of failure to its resources involved in the interaction before concluding whether to interact with the probable trusted agent or not. Further, it may also have to choose and decide on an agent to interact with from a set of probable trusted agents. In this paper, we propose a fuzzy risk based decision making system that would assist the trusting agent to ease its decision making process. |
| first_indexed | 2025-11-14T09:23:36Z |
| format | Conference Paper |
| id | curtin-20.500.11937-44982 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:23:36Z |
| publishDate | 2006 |
| publisher | Springer-Verlag |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-449822019-02-19T05:35:13Z A fuzzy approach to risk based decision making Hussain, Omar Chang, Elizabeth Hussain, Farookh Dillon, T. fuzzy approach probable trusted agent decision making agent probable trusting agent peer-to-peer risk P2P trusting agent fuzzy risk based decision making trusted agent decision making system Decision making is a tough process. It involves dealing with a lot of uncertainty and projecting what the final outcome might be. Depending on the projection of the uncertain outcome, a decision has to be made. In a peer-to-peer financial interaction the trusting agent, in order to analyse the Risk, has to consider the possible likelihood of failure of the interaction and the possible consequences of failure to its resources involved in the interaction before concluding whether to interact with the probable trusted agent or not. Further, it may also have to choose and decide on an agent to interact with from a set of probable trusted agents. In this paper, we propose a fuzzy risk based decision making system that would assist the trusting agent to ease its decision making process. 2006 Conference Paper http://hdl.handle.net/20.500.11937/44982 10.1007/11915072_83 Springer-Verlag fulltext |
| spellingShingle | fuzzy approach probable trusted agent decision making agent probable trusting agent peer-to-peer risk P2P trusting agent fuzzy risk based decision making trusted agent decision making system Hussain, Omar Chang, Elizabeth Hussain, Farookh Dillon, T. A fuzzy approach to risk based decision making |
| title | A fuzzy approach to risk based decision making |
| title_full | A fuzzy approach to risk based decision making |
| title_fullStr | A fuzzy approach to risk based decision making |
| title_full_unstemmed | A fuzzy approach to risk based decision making |
| title_short | A fuzzy approach to risk based decision making |
| title_sort | fuzzy approach to risk based decision making |
| topic | fuzzy approach probable trusted agent decision making agent probable trusting agent peer-to-peer risk P2P trusting agent fuzzy risk based decision making trusted agent decision making system |
| url | http://hdl.handle.net/20.500.11937/44982 |