Buying and selling with insurance in open multi-agent marketplace

Lam, Yuk-Hei, Zhang, Zili and Ong, Kok-Leong 2006, Buying and selling with insurance in open multi-agent marketplace, Lecture notes in computer science, vol. 4099, pp. 945-949, doi: 10.1007/978-3-540-36668-3_111.

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Title Buying and selling with insurance in open multi-agent marketplace
Author(s) Lam, Yuk-Hei
Zhang, ZiliORCID iD for Zhang, Zili
Ong, Kok-Leong
Journal name Lecture notes in computer science
Volume number 4099
Start page 945
End page 949
Publisher Springer-Verlag
Place of publication Berlin, Germany
Publication date 2006-02-20
ISSN 0302-9743
Keyword(s) evolutionary computing
Summary In this paper, we incorporate the insurance concept in buying and selling model for agents to trade in the open multi-agent marketplace. During buying, agents purchase insurance as a method to search for potential sellers and select their partners based on the information provided by insurance agents. During selling, agents purchase insurance as a method to protect themselves against potential risk. The insurance concept greatly simplifies the trading procedure in the open marketplace. The novelty of this proposal is that it ensures a dynamic trading environment while agents continue to seek maximum utility and being fully protected by insurance. Our experimental results confirm the feasibility of our approach.
Notes Book Title: PRICAI 2006: Trends in Artificial Intelligence
Language eng
DOI 10.1007/978-3-540-36668-3_111
Field of Research 080199 Artificial Intelligence and Image Processing not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2006, Springer-Verlag Berlin Heidelberg
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Document type: Journal Article
Collection: School of Engineering and Information Technology
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