Autonomous Agents for Participating in Mulitple On-line Auctions
Anthony, P., Hall, W., Dang, V. and Jennings, N. R. (2001) Autonomous Agents for Participating in Mulitple On-line Auctions. In, IJCAI Workshop on E-Business and the Intelligent Web, Seattle, USA, , 54-64.
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Description/Abstract
The increasing number of online auctions poses a big challenge to e-consumers, especially to those who are actively looking for good deals. In this paper, we present the deisgn of an autonomous agent that can alleviate some of these problems by participating across multiple online auctions (in particular, English, Dutch, and Vickrey auctions). The agent makes decisions on behalf of the consumer and endeavours to guarantee the delivery of the item according to the user's preferences. Our agent monitors and collects information from the ongoing auctions and determines which auction it wishes to participate in. The decision on how much to bid in the selected auction is made based on a series of tactics and strategies. The proposed bidding algorithm has been implemented in a simulated marketplace environment and its performance has been evaluated empirically.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Divisions: | Faculty of Physical and Applied Science > Electronics and Computer Science > Agents, Interactions & Complexity |
| Item ID: | 255741 |
| Date Deposited: | 01 Nov 2002 |
| Last Modified: | 02 Mar 2012 14:02 |
| Contributors: | Anthony, P. (Author) Hall, W. (Author) Dang, V. (Author) Jennings, N. R. (Author) |
| Date: | 2001 |
| Status: | Published |
| Further Information: | Google Scholar |
| URI: | http://eprints.soton.ac.uk/id/eprint/255741 |
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