Automatic bidding agents for auction system

Details Automatic bidding agents for auction system Automatic bidding agents for auction system

2011-07-19

2011-07-19

Kazimi, Hani (Department: 3691)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S026100

Reexamination Certificate

active

07983980

ABSTRACT:
There is provided a system which enables human-like automatic bidding by combining a plurality of processing functions with a bidding logic of absentee agents for absent participants of an auction system. Absentee agents, present in an auction server, receive price distribution and perform bidding similarly to on-site human participants. Absentee information is given to the absentee agent at the start of an auction, and absentee agents make bids autonomously and in cooperation with one another. In order to perform the human-like bidding, each agent makes a bid by combining (1) bidding possibility determination processing, (2) final bidding determination processing, (3) repeat bidding determination processing, (4) repeat bidding prohibition determination processing, (5) right acquisition bidding determination processing, and (6) character bidding determination processing. Here, the character bidding determination processing determines a bidding atmosphere from the rate of bidding and the number of bidders, and dynamically assigns a character to each absentee agent.

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“Is Cooperation Possible Even with a Cold Heart?: Cooperation Theory for Autonomous Agents,” bit (Japan), Sep. 1995, vol. 27, No. 9, pp. 54-62.

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