Overview
- One of the first books on the use of software agents to simulate bidding behaviour in electronic auctions
- Introduces market theory and computational economics together
- Gives an overview on the most common and up-to-date agent-based simulation methods
Part of the book series: Whitestein Series in Software Agent Technologies and Autonomic Computing (WSSAT)
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Table of contents (8 chapters)
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Front Matter
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Motivation and Fundamentals
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Front Matter
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Agent-based Simulation Approaches and Tools
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Front Matter
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Examination of Bidding under Uncertainty
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Front Matter
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Concluding Discussion and Future Research
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Front Matter
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Back Matter
Keywords
About this book
In the last years electronic markets, especially online auctions, have become very popular and received more and more attention in both, business (B2B) as well as in public practice (B2C and C2C). Science, however, is still far from having studied all phenomena and effects which can be observed on electronic markets. Apart from theoretic analysis, other approaches are necessary to evaluate and understand market effects. This book shows that and how software agents can be used to simulate bidding behaviour in electronic auctions.
The main emphasis of this book is to apply computational economics to market theory. It summarizes the most common and up-to-date agent-based simulation methods and tools and develops the simulation software AMASE. On basis of the introduced methods a model is established to simulate bidding behaviour under uncertainty.
The book addresses researchers, computer scientists, economists and students who are interested in applying agent-based computational methods to electronic markets. It helps to learn more about simulations in economics in general and common agent-based methods and tools in particular. The reader finds basic definitions and learns how to build an appropriate model for the posed research question. It is the first time that quantitative results are presented for the problem of valuation uncertainty. These results significantly contribute to existing research in computational economics and supplements interesting research aspects.
Authors and Affiliations
Bibliographic Information
Book Title: Adaptive Bidding in Single-Sided Auctions under Uncertainty
Book Subtitle: An Agent-based Approach in Market Engineering
Authors: Clemens Dinther
Series Title: Whitestein Series in Software Agent Technologies and Autonomic Computing
DOI: https://doi.org/10.1007/978-3-7643-8113-4
Publisher: Birkhäuser Basel
eBook Packages: Computer Science, Computer Science (R0)
Copyright Information: Birkhäuser Basel 2007
Softcover ISBN: 978-3-7643-8094-6Published: 23 November 2006
eBook ISBN: 978-3-7643-8113-4Published: 10 January 2007
Edition Number: 1
Number of Pages: XVIII, 238
Topics: Artificial Intelligence, Trade