Mutual trust is a key factor in human-human collaboration. Inspired by this social interaction, we analyze human-agent mutual trust in the collaboration of human and (semi)autonomous multi-agent systems. Human-agent mutual trust should be bidirectional and determines the human’s acceptance and hence use of autonomous agents as well as agents’ willingness to take human’s command. It is especiall...

Acquisition of the opponent’s model and achieving mutual trust with others are notable traits of humankind's intelligence. Achieving mutual trust is a big challenge for artificial intelligences, and it is a key factor in trading. However, how players observe each others’ behaviors and how they achieve mutual trust are not fully known. In this study, we researched the growth of a mutual trust pr...

ABSTRACT Multiagent learning literature has looked at iterated twoplayer games to develop me hanisms that allow agents to learn to onverge on Nash Equilibrium strategy pro les. Su h equilibrium on guration implies that there is no motivation for one player to hange its strategy if the other does not. Often, in general sum games, a higher payo an be obtained by both players if one hooses not to ...

We hypothesize that trust plays an important role in affecting the activeness and effectiveness of the global mutual fund industry. Empirically, trust is positively associated with the activeness of domestic funds, whereas for internationals mutual funds conducting cross-border investments activeness is bounded by the trust of lowtrust countries. In both cases, trust-related active share delive...

The paper investigates the role of trust in fund managers’ investment process. Three types of trust personal trust, organizational trust and system trust have been identified in Chinese fund managers’ investment practice. The impacts of different types of trust on mutual funds’ performance are then examined empirically. Through an in-depth investigation of 96 actively managed Chinese mutual fun...

Trust is a central concept in public-key cryptography infrastructure and in security in general. We study its initial quanti…cation and its spread patterns. There is empirical evidence that in trust-based reputation model for virtual communities, it pays to restrict the clusters of agents to small sets with high mutual trust. We propose and motivate a mathematical model, where this phenomenon e...

In this paper we model the real cost structures of three customer–supplier relationships through a game theory approach. The three cases demonstrate the benefits of mutual interfirm trust in financially measurable terms. Indeed, interfirm trust can decrease the transaction costs of the relationship, thus providing competitive advantage for the partners. Moreover, we present a pricing arrangemen...