TY - GEN
T1 - Antisocial agents and Vickrey auctions
AU - Brandt, Felix
AU - Weiß, Gerhard
PY - 2002
Y1 - 2002
N2 - In recent years auctions have become more and more important in the field of multiagent systems as useful mechanisms for resource allocation and task assignment. In many cases the Vickrey (second-price sealed-bid) auction is used as a protocol that prescribes how the individual agents have to interact in order to come to an agreement. We show that the Vickrey auction, despite its theoretical benefits, is inappropriate if "antisocial" agents participate in the auction process. More specifically, an antisocial attitude for economic agents that makes reducing the profit of competitors their main goal besides maximizing their own profit is introduced. Under this novel condition, agents need to deviate from the dominant truth-telling strategy. This paper presents a strategy for bidders in repeated Vickrey auctions who are intending to inflict losses to fellow agents in order to be more successful, not in absolute measures, but relatively to the group of bidders. The strategy is evaluated in a simple task allocation scenario.
AB - In recent years auctions have become more and more important in the field of multiagent systems as useful mechanisms for resource allocation and task assignment. In many cases the Vickrey (second-price sealed-bid) auction is used as a protocol that prescribes how the individual agents have to interact in order to come to an agreement. We show that the Vickrey auction, despite its theoretical benefits, is inappropriate if "antisocial" agents participate in the auction process. More specifically, an antisocial attitude for economic agents that makes reducing the profit of competitors their main goal besides maximizing their own profit is introduced. Under this novel condition, agents need to deviate from the dominant truth-telling strategy. This paper presents a strategy for bidders in repeated Vickrey auctions who are intending to inflict losses to fellow agents in order to be more successful, not in absolute measures, but relatively to the group of bidders. The strategy is evaluated in a simple task allocation scenario.
UR - http://www.scopus.com/inward/record.url?scp=84901711735&partnerID=8YFLogxK
U2 - 10.1007/3-540-45448-9_25
DO - 10.1007/3-540-45448-9_25
M3 - Conference contribution
AN - SCOPUS:84901711735
SN - 3540438580
SN - 9783540438588
T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
SP - 335
EP - 347
BT - Intelligent Agents VIII
A2 - Meyer, John-Jules Ch.
A2 - Tambe, Milind
PB - Springer Verlag
T2 - 8th International Workshop on Intelligent Agents VIII: Agent Theories, Architectures, and Languages, ATAL 2001
Y2 - 1 August 2001 through 3 August 2001
ER -