Abstract
Studies show that reputation systems have the potential to improve market quality. In this paper we report the results of simulating a market of trading agents that uses the beta reputation system for collecting feedback and computing agents’ reputations. The simulation confirms the hypothesis that the presence of the reputation system improves the quality of the market. Among other things it also shows that a market with limited duration rather than infinite longevity of transaction feedback provides the best conditions under which agents can adapt to each others change in behaviour
The work reported in this paper has been funded in part by the Co-operative Research Centre for Enterprise Distributed Systems Technology (DSTC) through the Australian Federal Government’s CRC Programme (Department of Industry, Science & Resources).
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References
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Jøsang, A., Hird, S., Faccer, E. (2003). Simulating the Effect of Reputation Systems on E-markets. In: Nixon, P., Terzis, S. (eds) Trust Management. iTrust 2003. Lecture Notes in Computer Science, vol 2692. Springer, Berlin, Heidelberg. https://doi.org/10.1007/3-540-44875-6_13
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DOI: https://doi.org/10.1007/3-540-44875-6_13
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