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Autonomous agents for participating in multiple on-line auctions

Autonomous agents for participating in multiple on-line auctions
Autonomous agents for participating in multiple on-line auctions
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 design 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.
54-64
Anthony, P.
61bb9d60-dfad-4ce8-a369-cf5558942401
Hall, W.
11f7f8db-854c-4481-b1ae-721a51d8790c
Dang, V.
ed731261-fdf5-4267-8c9e-2cac8a973b6f
Jennings, N.R.
ab3d94cc-247c-4545-9d1e-65873d6cdb30
Anthony, P.
61bb9d60-dfad-4ce8-a369-cf5558942401
Hall, W.
11f7f8db-854c-4481-b1ae-721a51d8790c
Dang, V.
ed731261-fdf5-4267-8c9e-2cac8a973b6f
Jennings, N.R.
ab3d94cc-247c-4545-9d1e-65873d6cdb30

Anthony, P., Hall, W., Dang, V. and Jennings, N.R. (2001) Autonomous agents for participating in multiple on-line auctions. IJCAI Workshop on E-Business and the Intelligent Web, , Seattle, United States. pp. 54-64 .

Record type: Conference or Workshop Item (Paper)

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 design 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.

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More information

Published date: 2001
Venue - Dates: IJCAI Workshop on E-Business and the Intelligent Web, , Seattle, United States, 2001-01-01
Organisations: Agents, Interactions & Complexity

Identifiers

Local EPrints ID: 255741
URI: http://eprints.soton.ac.uk/id/eprint/255741
PURE UUID: 9becd150-c5ec-431d-91df-8825caa51145
ORCID for W. Hall: ORCID iD orcid.org/0000-0003-4327-7811

Catalogue record

Date deposited: 01 Nov 2002
Last modified: 15 Sep 2021 01:34

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