Visualization of agent-mediated bargaining over bundles of goods

Noot, Han; Somefun, Koye; Klos, T.B.; Robu, Valentin; la Poutré, J.A.

Visualization of agent-mediated bargaining over bundles of goods

Journal article (2006)

Authors

Han Noot Centrum Wiskunde & Informatica (CWI)

Koye Somefun Centrum Wiskunde & Informatica (CWI)

T.B. Klos Centrum Wiskunde & Informatica (CWI)

Valentin Robu Centrum Wiskunde & Informatica (CWI)

J.A. la Poutré Centrum Wiskunde & Informatica (CWI)

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Published Date

01-12-2006

Language

English

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Abstract

We present a visualization of bargaining processes between a seller and a buyer (or buyers) where negotiations take place over the composition and price of bundles of goods. The negotiations themselves are simulated by software specific for the kind of negotiations. The visualization collects information from the simulation steps in a simulation-specific way and visualizes those steps in a general way. We demonstrate the visualization for two cases: a seller who offers bundles of linearly dependent items to many customers and a seller who repeatedly offers a bundle of non linearly dependent goods to a specific customer meanwhile learning this customers preferences.