How specialised are specialists? Generalisation properties of entries from the 2008 and 2009 TAC Market Design Competitions

Lecture Notes in Business Information Processing

Volumn 59 LNBIP, Issue , 2010, Pages 178-194

  Robinson, Edward ^a   McBurney, Peter ^b   Yao, Xin ^a  

^a UNIVERSITY OF BIRMINGHAM   (United Kingdom)

^b UNIVERSITY OF LIVERPOOL   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

DESIGN;

DOUBLE AUCTION; EMPIRICAL ANALYSIS; GENERALISATION; MARKET MECHANISMS; NUMBER OF FACTORS; TRADING AGENT COMPETITION; TRADING ENVIRONMENTS; TRADING STRATEGIES;

COMMERCE;

EID: 84876278078     PISSN: 18651348     EISSN: None     Source Type: Book Series    
DOI: 10.1007/978-3-642-15117-0_13     Document Type: Conference Paper

References (17)

1. Gerding, E., McBurney, P., Niu, J., Parsons, S., Phelps, S.: Overview of CAT: A market design competition. Technical Report ULCS-07-006 Version 1.1, Department of Computer Science, University of Liverpool, Liverpool, UK (2007)
2. Gode, D.K., Sunder, S.: Allocative efficiency of markets with zero-intelligence traders: Market as a partial substitute for individual rationality. Journal of Political Economy 101(1), 119-137 (1993)
3. Cliff, D.: Minimal-intelligence agents for bargaining behaviors in market-based environments. Technical Report HPL-97-91, Hewlett-Packard Research Laboratories, Bristol, UK (1997)
4. Erev, I., Roth, A.E.: Predicting how people play games: Reinforcement learning in experimental games with unique, mixed strategy equilibria. American Economic Review 88(4), 848-881 (1998)
5. Gjerstad, S., Dickhaut, J.: Price formation in double auctions. Games and Economic Behavior 22(1), 1-29 (1998)
6. Robbins, H.: Some aspects of the sequential design of experiments. Bulletin of the American Mathematical Society 58(5), 527-535 (1952)
7. Niu, J., Cai, K., Gerding, E., McBurney, P., Parsons, S.: Characterizing effective auction mechanisms: Insights from the 2007 TAC market design competition. In: Padgham, L., et al. (eds.) 7th International Conference on Autonomous Agents and Multi-Agent Systems (AAMAS 2008), NY, USA. ACM Press, New York (2008)
8. Petric, A., Podobnik, V., Grguric, A., Zemljic, M.: Designing an effective e-market: an overview of the CAT agent. In: Ketter, W. (ed.) Proceedings of 2008 Workshop on Trading Agent Design and Analysis (TADA 2008), Chicago, USA (2008)
9. Vytelingum, P., Vetsikas, I.A., Shi, B., Jennings, N.R.: IAMwildCat: The winning strategy for the TAC market design competition. In: Ghallab, M., et al. (eds.) 18th European Conference on AI (ECAI-2008), Patras, Greece. IOS Press, Amsterdam (2008)
10. Niu, J., Cai, K., McBurney, P., Parsons, S.: An analysis of entries in the first TAC market design competition. In: Jain, L., et al. (ed.) IEEE-WIC-ACM International Conference on Intelligent Agent Technology (IAT 2008), Sydney, Australia (2008)
11. Moses, L.E.: Think and Explain with Statistics. Addison-Wesley Publ. Co., Reading (1986)
12. Devroye, L.: Non-Uniform Random Variate Generation. Springer, New York (1986)
13. Vetsikas, I.A., Selman, B.: A principled study of the design tradeoffs for autonomous trading agents. In: AAMAS '03: Proceedings of the second international joint conference on Autonomous agents and multiagent systems, pp. 473-480. ACM Press, New York (2003)
14. Wellman, M., Reeves, D., Lochner, K., Cheng, S., Suri, R.: Approximate strategic reasoning through hierarchical reduction of large symmetric games. In: Proceedings of the Twentieth National Conference on Artificial Intelligence, Pittsburgh, Pennsylvania, USA. AAAI, Menlo Park (2005)
15. Niu, J., Cai, K., Parsons, S., Sklar, E.: Some preliminary results on competition between markets for automated traders. In: Collins, J. (ed.) Proceedings of the AAAI 2007 Workshop on Trading Agent Design and Analysis (TADA 2007), Vancouver, Canada (2007)
16. Chong, S.Y., Tino, P., Yao, X.: Measuring generalization performance in coevolutionary learning. IEEE Transactions on Evolutionary Computation 12(4), 479-505 (2008)
17. Marks, R.E.: Validating simulation models: a general framework and four applied examples. Journal of Computational Economics 30(3), 265-290 (2007)