Learning to coordinate without sharing information
AAAI '94 Proceedings of the twelfth national conference on Artificial intelligence (vol. 1)
The Michigan Internet AuctionBot: a configurable auction server for human and software agents
AGENTS '98 Proceedings of the second international conference on Autonomous agents
REGRET: reputation in gregarious societies
Proceedings of the fifth international conference on Autonomous agents
Using Inter-agent Trust Relationships for Efficient Coalition Formation
AI '02 Proceedings of the 15th Conference of the Canadian Society for Computational Studies of Intelligence on Advances in Artificial Intelligence
A Learning Algorithm for Buying and Selling Agents in Electronic Marketplaces
AI '02 Proceedings of the 15th Conference of the Canadian Society for Computational Studies of Intelligence on Advances in Artificial Intelligence
A Social Mechanism of Reputation Management in Electronic Communities
CIA '00 Proceedings of the 4th International Workshop on Cooperative Information Agents IV, The Future of Information Agents in Cyberspace
The Contract Net Protocol: High-Level Communication and Control in a Distributed Problem Solver
IEEE Transactions on Computers
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In this paper, we present a model for buying and selling agents in electronic marketplaces, based on reputation modelling and reinforcement learning. We take into account the fact that multiple selling agents may offer the same good with different quality and that selling agents may alter the quality of their goods in order to satisfy individual buyers. In our approach, buying agents learn to maximize the expected value of goods by dynamically maintaining sets of reputable and disreputable sellers. Selling agents learn to maximize their expected profits by adjusting prices and optionally altering the quality of their goods. In this paper, we focus on presenting experimental results that confirm the improved satisfaction of selling agents following the proposed selling algorithm. This work therefore demonstrates a valuable strategy for selling agents to follow in marketplaces where buyers model reputation.