A Framework for Online Reverse Auction Based on Market Maker Learning with a Risk-Averse Buyer

Table 9

Results of the first iteration of simulation for open auction and risk-aversion scoring function.

First round					Seller’s score	Seller’s profit	Second round				Seller’s score	Seller’s profit	Third round				Seller’s score	Seller’s profit
Seller	Attributes						Attributes						Attributes
	1	2	3	4			1	2	3	4			1	2	3	4
1	6	5	1	2	2.507	2.449	9.984	0.095	0.044	8.027	3.007	7.301	9.984	0.095	0.044	8.027	3.007	7.301
2	8	2	1	6	2.341	5.117	9.994	0.944	0.559	7.941	3.841	7.176	9.994	0.944	0.559	7.941	3.841	7.176
3	8	2	6	3	2.464	2.614	9.976	8.351	0.007	3.727	3.964	6.809	9.976	8.351	0.007	3.727	3.964	6.809
4	5	2	2	2	2.568	2.829	9.993	8.709	0.040	4.101	2.568	6.357	9.963	9.434	0.216	3.546	2.568	6.249
5	8	5	2	5	2.536	5.067	10.000	8.040	0.001	4.741	4.036	7.874	10.000	8.040	0.001	4.741	4.036	7.874
6	7	2	6	3	2.714	3.708	9.999	1.482	9.988	0.791	3.714	7.311	9.999	1.482	9.988	0.791	3.714	5.815
					—						0.486						0