Learning the IPA market with individual and social rewards
Web Intelligence and Agent Systems
Evolutionary mechanism design: a review
Autonomous Agents and Multi-Agent Systems
When multi-touch meets streaming
Proceedings of the 10th International Conference on Mobile and Ubiquitous Multimedia
Storage exchange: a global trading platform for storage services
Euro-Par'06 Proceedings of the 12th international conference on Parallel Processing
A computing approach to agent bidding in continuous double auction
Web Intelligence and Agent Systems
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We develop a model of information processing and strategy choice for participants in a double auction. Sellers in this model form beliefs that an offer will be accepted by some buyer. Similarly, buyers form beliefs that a bid will be accepted. These beliefs are formed on the basis of observed market data, including frequencies of asks, bids, accepted asks, and accepted bids. Then traders choose an action that maximizes their own expected surplus. The trading activity resulting from these beliefs and strategies is suffcient to achieve transaction prices at competitive equilibrium and complete market effciency after several periods of trading.