Integrating insurance services, trust and risk mechanisms into multi-agent systems

Authors:
Yuk-Hei Lam;Zili Zhang;Kok-Leong Ong
Affiliations:
School of Engineering and Information Technology, Deakin University, Victoria, Australia;School of Engineering and Information Technology, Deakin University, Victoria, Australia and Faculty of Computer and Information Science, Southwest University, Chongqing, China;School of Engineering and Information Technology, Deakin University, Victoria, Australia
Venue:
PRICAI'06 Proceedings of the 9th Pacific Rim international conference on Artificial intelligence
Year:
2006

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Abstract

In multi-agent systems, there is often the need for an agent to cooperate with others so as to ensure that a given task is achieved timely and cost effectively. Currently multi-agent systems maximize this through mechanisms such as coalition formation, trust and risk assessments, etc. In this paper, we incorporate the concept of insurance with trust and risk mechanisms in multi-agent systems. The novelty of this proposal is that it ensures continuous sharing of resources while encouraging expected utility to be maximized in a dynamic environment. Our experimental results confirm the feasibility of our approach.