Simulating the Effect of Reputation Systems on E-markets

  title={Simulating the Effect of Reputation Systems on E-markets},
  author={Audun J\osang and Shane Hird and Eric Faccer},
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… CONTINUE READING
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