|Choi, Chung-yu Kenneth
|Towards strategic agents for auctions and negotiations
|Auctions -- Data processing
Negotiation in business -- Data processing
Intelligent agents (Computer software)
Hong Kong Polytechnic University -- Dissertations
Department of Computing
|vii, 101 leaves : ill. ; 30 cm
|While there are a number of extant agent-based systems demonstrating different features in automated negotiation and auction, this research has designed and engineered a society of trading agents with two distinguishing features: (i) a utility function based on economics theory and (ii) a market-driven negotiation strategy. In this research, the utility function provides an alternative approach for trading agents to behave as an 'economics man' to decide what should be taken and/or given up and if so, by how much. Combining with the market-driven decision strategy, trading agents automatically select the appropriate response to the changing market situation to maximize their own benefits. The market-driven negotiation strategy and the economics theory utility function facilitate trading agents to employ humanoid decision strategies to respond to different market situation. A series of experiments has been carried out and the results seemed to indicate that the economics theory approach might be an acceptable candidate to simulate human behavior in real life trading. Experimental results showed that by employing market-driven approach with economics theory, trading agents seemed not only to be able to achieve favorable outcomes in balanced market situations, but also to be able to preserve an acceptable level of user's satisfaction on adverse market situations.
|All rights reserved
Files in This Item:
|For All Users (off-campus access for PolyU Staff & Students only)
As a bona fide Library user, I declare that:
- I will abide by the rules and legal ordinances governing copyright regarding the use of the Database.
- I will use the Database for the purpose of my research or private study only and not for circulation or further reproduction or any other purpose.
- I agree to indemnify and hold the University harmless from and against any loss, damage, cost, liability or expenses arising from copyright infringement or unauthorized usage.
By downloading any item(s) listed above, you acknowledge that you have read and understood the copyright undertaking as stated above, and agree to be bound by all of its terms.
Please use this identifier to cite or link to this item: