Entrepreneurial Intervention in an Electronic Market Place

  • Authors:
  • John K. Debenham

  • Affiliations:
  • -

  • Venue:
  • IEA/AIE '02 Proceedings of the 15th international conference on Industrial and engineering applications of artificial intelligence and expert systems: developments in applied artificial intelligence
  • Year:
  • 2002

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Abstract

An electronic market has been constructed in an on-going collaborative research project between a university and a software house. The way in which actors (buyers, sellers and others) use the market will be influenced by the information available to them, including information drawn from outside the immediate market environment. In this experiment, data mining and filtering techniques are used to distil both individual signals drawn from the markets and signals from the Internet into meaningful advice for the actors. The goal of this experiment is first to learn how actors will use the advice available to them, and second how the market will evolve through entrepreneurial intervention. In this electronic market a multiagent process management system is used to manage all market transactions including those that drive the market evolutionary process.