Net worth: shaping markets when customers make the rules
Net worth: shaping markets when customers make the rules
Communications of the ACM
Chord: A scalable peer-to-peer lookup service for internet applications
Proceedings of the 2001 conference on Applications, technologies, architectures, and protocols for computer communications
The Eigentrust algorithm for reputation management in P2P networks
WWW '03 Proceedings of the 12th international conference on World Wide Web
Trust in consumer-to-consumer electronic commerce
Information and Management
Decentralized reputation-based trust for assessing agent reliability under aggregate feedback
Trusting Agents for Trusting Electronic Societies
Trusting Agents for Trusting Electronic Societies
Perceptions of Trust Between Online Auction Consumers
International Journal of Web Portals
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This paper discusses the effectiveness of sharing information concerning the reputations of buyers and sellers making online transactions in a consumer-to-consumer (C2C) market. We developed a computer simulation model that describes online transactions with a reputation management system that shares information concerning the reputations of consumers. The model takes an agent-based approach in which agents' actions are based on the iterated prisoner's dilemma. No model exists to analyze C2C markets even though there are many case studies concerning the effectiveness of sharing reputation information among participants in a market. The simulation results revealed that a positive reputation system can be more effective than a negative reputation system for an online transaction, even though the negative one can work for a traditional transaction. The result should be an important consideration when designing practical reputation management systems for online transactions.