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Leveraging a Social Network of Trust for Promoting Honesty in E-Marketplaces

  • Jie Zhang
  • Robin Cohen
  • Kate Larson
Conference paper
Part of the IFIP Advances in Information and Communication Technology book series (IFIPAICT, volume 321)

Abstract

In this paper, we examine a trust-based framework for promoting honesty in e-marketplaces that relies on buyers forming social networks to share reputation ratings of sellers and sellers rewarding the buyers that are most respected within their social networks. We explore how sellers reason about expected future profit when offering particular rewards for buyers. We theoretically prove that in a marketplace operating with our mechanism: i) buyers will be better off honestly reporting seller ratings and ii) sellers are better off being honest, to earn better profit. Experiments confirm the robustness of the approach, in dynamically changing environments. With rational agents preferring to be honest, the buyer and seller strategies as specified constitute an effective approach for the design of e-marketplaces.

Keywords

Social Network Central Server Incentive Mechanism Bidding Strategy Electronic Marketplace 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© IFIP 2010

Authors and Affiliations

  • Jie Zhang
    • 1
  • Robin Cohen
    • 2
  • Kate Larson
    • 2
  1. 1.School of Computer EngineeringNanyang Technological UniversitySingapore
  2. 2.School of Computer ScienceUniversity of WaterlooCanada

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