Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely: While there are several existing agent-based systems addressing the crucial and difficult issues of automated negotiation and auction, this research has designed and engineered a society of trading agents with two distinguishing features: 1) a market-driven negotiation strategy and 2) a deal optimizing auction protocol. Unlike some of the existing systems where users manually select predefined trading strategies, in the market-driven approach, trading agents automatically select the appropriate strategies by examining the changing market situations. Results from a series of experiments suggest that the market-driven approach generally achieved more favorable outcomes as compared to the fixed strategy approach. Furthermore, it provides a more intuitive simulation of trading because trading agents are able to respond to different market situations with appropriate strategies. By augmenting the auction protocol with a deal optimization stage, trading agents can be programmed to optimize transaction deals by delaying the finalization of deals in search of better deals. Experimental results shod that by having a deal optimization stage, the auction protocol produced generally optimistic outcomes.
['Kwang Mong Sim', 'Eric Wong']
I am writing a research paper on a idea Toward market-driven agents for electronic auction
[{"from": "human", "value": "I am writing a research paper on a idea Toward market-driven agents for electronic auction"}, {"from": "gpt", "value": "Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely: While there are several existing agent-based systems addressing the crucial and difficult issues of automated negotiation and auction, this research has designed and engineered a society of trading agents with two distinguishing features: 1) a market-driven negotiation strategy and 2) a deal optimizing auction protocol. Unlike some of the existing systems where users manually select predefined trading strategies, in the market-driven approach, trading agents automatically select the appropriate strategies by examining the changing market situations. Results from a series of experiments suggest that the market-driven approach generally achieved more favorable outcomes as compared to the fixed strategy approach. Furthermore, it provides a more intuitive simulation of trading because trading agents are able to respond to different market situations with appropriate strategies. By augmenting the auction protocol with a deal optimization stage, trading agents can be programmed to optimize transaction deals by delaying the finalization of deals in search of better deals. Experimental results shod that by having a deal optimization stage, the auction protocol produced generally optimistic outcomes."}]