Agent-based simulation of electronic marketplaces with decision support

Authors:
Isabel Praça;Maria João Viamonte;Zita Vale;Carlos Ramos
Affiliations:
Instituto Superior de Engenharia / Instituto Politécnico do Porto, Porto, Portugal;Instituto Superior de Engenharia / Instituto Politécnico do Porto, Porto, Portugal;Instituto Superior de Engenharia / Instituto Politécnico do Porto, Porto, Portugal;Instituto Superior de Engenharia / Instituto Politécnico do Porto, Porto, Portugal
Venue:
Proceedings of the 2008 ACM symposium on Applied computing
Year:
2008

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Abstract

This paper presents a Multi-Agent Market simulator designed for analyzing agent market strategies based on a complete understanding of buyer and seller behaviors, preference models and pricing algorithms, considering user risk preferences and game theory for scenario analysis. The system includes agents that are capable of improving their performance with their own experience, by adapting to the market conditions, and capable of considering other agents reactions.