Simulation of Trust in Client: Wealth Management Advisor Relationships

Terence Bossomaier, Russell Standish

Research output: Book chapter/Published conference paperConference paper

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Abstract

This paper describes a two phase model for simulating trust amongst clients and their wealth management advisors. In phase one an artifcial life model was used to assess the dynamics of trust. In phase two the model is extended to utilise real data from a corporate database of client information. The alife model highlighted needs for information not captured directly, requiring sophisticated inference techniques. Fuzzy logic is used to describe client behaviour with rules found through evolutionary optimisation. Analysis of mutual information between time series of clients investments is used to determine links between clients.
Original languageEnglish
Title of host publicationProc. 20th European Modeling and Simulation Symposium EMSS2008
Place of PublicationSwitzerland?
PublisherEMSS
Pages1-9
Number of pages9
Publication statusPublished - 2008
EventEuropean Modeling and Simulation Symposium (EMSS) - Amantea, Calabria
Duration: 17 Sep 200819 Sep 2008

Conference

ConferenceEuropean Modeling and Simulation Symposium (EMSS)
Period17/09/0819/09/08

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  • Cite this

    Bossomaier, T., & Standish, R. (2008). Simulation of Trust in Client: Wealth Management Advisor Relationships. In Proc. 20th European Modeling and Simulation Symposium EMSS2008 (pp. 1-9). EMSS.