Presentation 2001/1/3
Multi-Agent Simulation and Dynamic Online Auction
Hideyuki Mizuta,
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Abstract(in English) The need to understand dynamic behavior in auctions is increasing with the popularization of online auctions.We describe simulations of a typical online auction, where the duration is fixed, and the second-highest price is continuously posted and determines the winner's payment.We modeled agents of two types:early bidders, who can bid any time during the auction period, and snipers, who wait till the last moments to bid.This allows us to study the interactions of the two types of bidders during the course of auctions, and the effects of the two strategies on the probability of winning, the final price, and the formation of price consensus in iterated auctions.
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Keyword(in English) simulation / agent / online / auction / dynamics / heterogeneous
Paper # AI2000-46
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Committee AI
Conference Date 2001/1/3(1days)
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Registration To Artificial Intelligence and Knowledge-Based Processing (AI)
Language JPN
Title (in Japanese) (See Japanese page)
Sub Title (in Japanese) (See Japanese page)
Title (in English) Multi-Agent Simulation and Dynamic Online Auction
Sub Title (in English)
Keyword(1) simulation
Keyword(2) agent
Keyword(3) online
Keyword(4) auction
Keyword(5) dynamics
Keyword(6) heterogeneous
1st Author's Name Hideyuki Mizuta
1st Author's Affiliation IBM Tokyo Research Laboratory()
Date 2001/1/3
Paper # AI2000-46
Volume (vol) vol.100
Number (no) 529
Page pp.pp.-
#Pages 6
Date of Issue