Bidding Strategies in Agent-Based Continuous Double Auctions by Huiye Ma

By Huiye Ma

This ebook presents a brand new bidding procedure for brokers to undertake in non-stop double auctions (CDAs) and proposes a few commonly used instruments to reinforce the functionality of current bidding innovations in CDAs. it's the first publication to target CDAs the place a constrained volume of vendor brokers and shopper brokers exchange what they wish. some of the best functionality of the recent bidding approach and the instruments proposed by means of this publication are illustrated via large experiments.

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Extra info for Bidding Strategies in Agent-Based Continuous Double Auctions (Whitestein Series in Software Agent Technologies and Autonomic Computing)

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The agent needs to know how weak or strong the commitment is if he is committed to executing his action. The agent thus needs to know the degree of his commitment towards the action. This degree of commitment quantifies the agent’s attitude towards the action execution. The attitude, once adopted, must persist for a reasonable period of time so that other agents can use it to predict the behaviour of the agent under consideration, which is not applicable for the dynamic CDA market. The eagerness defined in this book is not a constant during the experiments.

In this pool, there are 10 AA, 10 ZI-U, 10 ZI-C, 10 ZIP, 10 GD, 10 CP, and 10 A-FL sellers, each of which has one unit of goods to sell. Therefore, except that the two kinds of sellers in comparison must have the same number of units of goods in every run, the group of all other sellers are composed of different kinds of sellers with different total numbers. Consequently, the combination of sellers changes with every run. This can simulate that some sellers are free to join or leave the market as they want, except for the two kinds in comparison.

Agent-Based CDAs and Bidding Strategies to draw a conclusion on which strategy performs best in which environment. This whole procedure will help the experimental results to be more meaningful. 2 Game Theoretic Analysis Approaches Game theory is a source of stability criteria often employed in multi-agent systems (MAS) research. Game theory provides a rigorous mathematical framework for formalizing interactions among rational agents. Game theory pays attention to equilibria in systems or equilibrium from the perspective of whole systems, rather than emphasizing the target agent’s utility or profit.

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