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Constructive Representation of Trust: Single Rule Paradigm

Author

Listed:
  • Arthur Ramer

    (School of Computer Science & Engineering, the University of New South Wales)

  • Robert E. Marks

    (School of Economics, Australian School of Business, the University of New South Wales)

Abstract

A constructive computational framework for trust and reputation assessments is presented. It is proven free from any inconsistent or contradictory assessments under any scenarios of its application. A prototype implementation has been developed. The framework focuses on a single information-theoretical rule as inference mechanism, thus avoiding any biases or spurious constraints in the solutions. The users of our model will find its results intuitively plausible, free from clustering or drift to the extrema. The entire framework is suited for a direct use in economic, financial and intelligence analyses.

Suggested Citation

  • Arthur Ramer & Robert E. Marks, 2013. "Constructive Representation of Trust: Single Rule Paradigm," Discussion Papers 2013-31, School of Economics, The University of New South Wales.
    • Handle: RePEc:swe:wpaper:2013-31
    as

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    File URL: http://research.economics.unsw.edu.au/RePEc/papers/2013-31.pdf
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    References listed on IDEAS

    as
    1. Andrew Leigh, 2006. "Trust, Inequality and Ethnic Heterogeneity," The Economic Record, The Economic Society of Australia, vol. 82(258), pages 268-280, September.
    2. Martin Sandbu, 2008. "Axiomatic foundations for fairness-motivated preferences," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(4), pages 589-619, December.
    3. William Neilson, 2006. "Axiomatic reference-dependence in behavior toward others and toward risk," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 28(3), pages 681-692, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    trust; belief revision; maximum entropy; reputation;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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    This paper has been announced in the following NEP Reports:

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