Designing a Successful Adaptive Agent for TAC Ad Auction

  • Authors:
  • Meng Chang;Minghua He;Xudong Luo

  • Affiliations:
  • Aston University,United Kingdom, email: {changm2,m.he1}@aston.ac.uk;Aston University,United Kingdom, email: {changm2,m.he1}@aston.ac.uk;Nanyang Technological University, Singapore, email: xdluo@ntu.edu.sg

  • Venue:
  • Proceedings of the 2010 conference on ECAI 2010: 19th European Conference on Artificial Intelligence
  • Year:
  • 2010

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Abstract

This paper describes the design and evaluation of Aston-TAC, the runner-up in the Ad Auction Game of 2009 International Trading Agent Competition. In particular, we focus on how Aston-TAC generates adaptive bid prices according to the Market-based Value Per Click and how it selects a set of keyword queries to bid on to maximise the expected profit under limited conversion capacity. Through evaluation experiments, we show that AstonTAC performs well and stably not only in the competition but also across a broad range of environments.