Jump to content United States-English
HP.com Home Products and Services Support and Drivers Solutions How to Buy
» Contact HP

hp.com home

Technical Reports

printable version

HP Labs

» Research
» News and events
» Technical reports
» About HP Labs
» Careers @ HP Labs
» Worldwide sites
» Downloads
Content starts here

Click here for full text: PDF

Adaptive Agents in a Persistent Shout Double Auction

Preist, Chris; van Tol, Maarten


Keyword(s): agents; double auction; electronic trading; negotiation; adaptive behaviour

Abstract: Cliff (1997) has demonstrated that simple, adaptive agents are able to trade in a form of double auction marketplace, in such a way that trade prices converge towards the equilibrium price of the marketplace. However, the marketplace within which the agents trade is unrealistic. In this paper, we consider a more realistic form of double auction market, the persistent shout double auction. We present agents based on the ZIP agents of Cliff (1997), but with an alternative set of heuristics for use within this auction. We demonstrate that the resulting agents achieve equilibrium significantly faster than ZIP agents do, maintain a more stable equilibrium, and are more robust to changes in learning rate.

19 Pages

Back to Index

»Technical Reports

» 2009
» 2008
» 2007
» 2006
» 2005
» 2004
» 2003
» 2002
» 2001
» 2000
» 1990 - 1999

Heritage Technical Reports

» Compaq & DEC Technical Reports
» Tandem Technical Reports
Privacy statement Using this site means you accept its terms Feedback to HP Labs
© 2009 Hewlett-Packard Development Company, L.P.