An agent bidding strategy based on fuzzy logic in a continuous double auction

Authors:
Minghua He;Ho-fung Leung
Affiliations:
Department of Computer Science and Engineering, The Chinese University of Hong Kong, Hong Kong, P.R. China;Department of Computer Science and Engineering, The Chinese University of Hong Kong, Hong Kong, P.R. China
Venue:
Proceedings of the fifth international conference on Autonomous agents
Year:
2001

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Abstract

This paper presents the design and implementation of a fuzzy logic based bidding strategy, the FL-strategy, for an agent in a Continuous Double Auction (CDA). Experiment results show that the FL-strategy outperforms some of the commonly used bidding strategies in a range of situations.