Non-myopic strategies in prediction markets
Proceedings of the 9th ACM conference on Electronic commerce
Bidding Strategies in Agent-Based Continuous Double Auctions
Bidding Strategies in Agent-Based Continuous Double Auctions
Dynamic programming for partially observable stochastic games
AAAI'04 Proceedings of the 19th national conference on Artifical intelligence
A multi-agent system for predicting future event outcomes
The 10th International Conference on Autonomous Agents and Multiagent Systems - Volume 3
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We present a novel representation of the prediction market using a partially observable stochastic game with information (POSGI), that can be used by each trading agent to precisely calculate the state of the market. We then propose that a correlated equilibrium (CE) strategy can be used by the agents to dynamically calculate the prices at which they should trade securities in the prediction market. Simulation results comparing the CE strategy within our POSGI model with five other strategies commonly used in similar markets show that the CE strategy results in improved price predictions and higher utilities to the agents as compared to other strategies.