Detecting Collusive Shill Bidding

@article{Trevathan2007DetectingCS,
  title={Detecting Collusive Shill Bidding},
  author={Jarrod Trevathan and Wayne Read},
  journal={Fourth International Conference on Information Technology (ITNG'07)},
  year={2007},
  pages={799-808}
}
Shill bidding is where spurious bids are introduced into an auction to drive up the final price for the seller, thereby defrauding legitimate bidders. Trevathan and Read presented an algorithm to detect the presence of shill bidding in online auctions. The algorithm observes bidding patterns over a series of auctions, and gives each bidder a shill score to indicate the likelihood that they are engaging in shill behaviour. While the algorithm is able to accurately identify those with suspicious… CONTINUE READING
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