Reactivity in Online Auctions: Understanding Bidding Behavior through Reactive Transitions

Author

Pereira, A. ; Rocha, L. ; Mourao, F. ; Meira, W., Jr. ; Goes, P.

Author_Institution

Dept. of Comput. Sci., Fed. Univ. of Minas Gerais, Belo Horizonte

fYear

2008

fDate

21-24 July 2008

Firstpage

279

Lastpage

284

Abstract

Internet systems are a typical scenario where sequences of interactions arise. Modeling the factors that drive the dynamics of an online auction, for example, is complex, since successive interactions become a loop-feedback mechanism, that we call reactivity, that is, the user behavior affects the auction negotiation and vice-versa. In this paper we briefly describes our methodology for characterizing online auctions, considering reactivity. We present the reactive transitions, that is the approach we adopt to model reactivity in online auctions. The reactive transition models the reactivity function, providing a way to discover the bidding behavior´s patterns. We also validate our model using actual bidding data from eBay. The results show rich details to understand bidding behavior, that can be used to design support-decision agents and simulate e-markets.

Keywords

Internet; electronic commerce; software agents; Internet systems; auction negotiation; bidding behavior; e-markets; eBay; loop-feedback mechanism; model reactivity; online auctions; reactive transitions; support-decision agents; Analytical models; Computer science; Concurrent computing; Feedback loop; Humans; Information technology; Social network services; Timing; USA Councils; Web and internet services; Online auctions; bidding behavior; e-commerce; reactivity;

fLanguage

English

Publisher

ieee

Conference_Titel

E-Commerce Technology and the Fifth IEEE Conference on Enterprise Computing, E-Commerce and E-Services, 2008 10th IEEE Conference on

Conference_Location

Washington, DC

Print_ISBN

978-0-7695-3340-7

Type

conf

DOI

10.1109/CECandEEE.2008.109

Filename

4785075