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Co-utility - Theory and Applications (Hardcover, 1st ed. 2018)
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Co-utility - Theory and Applications (Hardcover, 1st ed. 2018)
Series: Studies in Systems, Decision and Control, 110
Expected to ship within 12 - 17 working days
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This book explores the theoretical foundations of co-utility as
well as its application to a number of areas, including distributed
reputation management, anonymous keyword search, collaborative data
anonymization, digital oblivion, peer-to-peer (P2P) content
distribution, ridesharing for sustainable mobility, environmental
economy, business model design and the collaborative economy. It
evolved from presentations at the 1st Co-Utility Workshop, "held in
Tarragona, Spain, on March 10-11, 2016." How can we guarantee that
a global society without a common legal framework operates
smoothly? If generosity, honesty and helpfulness do not arise
spontaneously, one approach would be to design transactions so that
helping others remains the best rational option. This is precisely
the goal of co-utility, which can be defined in game-theoretic
terms as any interaction between peers in which the best option for
a player to maximize her or his utility is to make sure the other
players also enjoy a fair share of utility (for example,
functionality, security or privacy). Therefore, a protocol or
mechanism designed using the co-utility principle ensures that
helping others is the best rational option, even if players are
selfish.
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