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

Table 12

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

First round					Seller’s score	Seller’s profit	Second round				Seller’s score	Seller’s profit
Seller	Attributes						Attributes
	1	2	3	4			1	2	3	4
1	6	5	1	2	2.507	2.449	6.00	5.00	1.00	2.00	2.507	2.449
2	8	2	1	6	2.341	5.117	8.00	2.00	1.00	6.00	2.341	5.117
3	8	2	6	3	2.464	2.614	8.00	2.00	6.00	3.00	2.464	2.614
4	5	2	2	2	2.568	2.829	5.00	2.00	2.00	2.00	2.568	2.829
5	8	5	2	5	2.536	5.067	8.00	5.00	2.00	5.00	2.536	5.067
6	7	2	6	3	2.714	3.708	7.00	2.00	6.00	3.00	2.714	3.708
	—		0