Paper Info
Title
Bidding Strategies for Trading Agents in Auction-Based Tournaments
Abstract
Auction-based electronic commerce is an increasingly interesting domain for AI researchers. In this paper we present an attempt towards the construction of trading agents capable of competing in multiagent auction markets by introducing both a formal and a more pragmatical approach to the design of bidding strategies for buyer agents in auction-based tournaments. Our formal view relies on possibilistic-based decision theory as the means of handling possibilistic uncertainty on the consequences of actions (bids) due to the lack of knowledge about the other agents' behaviour. For practical reasons we propose a two-fold method for decision making that does not require the evaluation of the whole set of alternative actions. This approach utilizes global (market-centered) information in a first step to come up with an initial set of potential bids. This set is subsequently refined in a second step by means of the possibilisitic decision model using individual (rival agent centered) information induced from a memory of cases composing the history of tournaments.
Year
Venue
Keywords
1998
AMET
formal view,bidding strategies,pragmatical approach,initial set,auction-based tournaments,whole set,ai researcher,possibilistic-based decision theory,decision making,trading agents,alternative action,possibilisitic decision model,auction-based electronic commerce,practical reasoning,electronic commerce,decision models,decision theory
DocType
ISBN
Citations 
Conference
3-540-65955-2
1
PageRank 
References 
Authors
0.37
16
4
Name
Order
Citations
PageRank
Pere Garcia121623.16
Eduardo Giménez2767.28
Lluis Godo31392173.03
Juan A. Rodríguez-aguilar41772137.55