Title
Using Normative Markov Decision Processes for evaluating electronic contracts
Abstract
Before signing electronic contracts, a rational agent should estimate the expected utilities of these contracts and calculate the violation risks related to them. In order to perform such pre-signing procedures, this agent has to be capable of computing a policy taking into account the norms and sanctions in the contracts. In relation to this, the contribution of this work is threefold. First, we present the Normative Markov Decision Process, an extension of the Markov Decision Process for explicitly representing norms. In order to illustrate the usage of our framework, we model an example in a simulated aerospace aftermarket. Second, we specify an algorithm for identifying the states of the process which characterize the violation of norms. Finally, we show how to compute policies with our framework and how to calculate the risk of violating the norms in the contracts by adopting a particular policy.
Year
DOI
Venue
2012
10.3233/AIC-2012-0511
AI Commun.
Keywords
Field
DocType
particular policy,markov decision process,electronic contract,normative markov decision processes,normative markov decision process,violation risk,simulated aerospace aftermarket,rational agent,pre-signing procedure,expected utility,norms
Aerospace,Sanctions,Rational agent,Computer science,Normative,Operations research,Markov decision process,Electronic contracts,Artificial intelligence
Journal
Volume
Issue
ISSN
25
1
0921-7126
Citations 
PageRank 
References 
9
0.98
35
Authors
4
Name
Order
Citations
PageRank
Moser Silva Fagundes1578.65
Sascha Ossowski21646158.02
Michael Luck33440275.97
Simon Miles41599109.29