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AAMAS '02 Revised Papers from the Workshop on Agent Mediated Electronic Commerce on Agent-Mediated Electronic Commerce IV, Designing Mechanisms and Systems
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PRIMA '08 Proceedings of the 11th Pacific Rim International Conference on Multi-Agents: Intelligent Agents and Multi-Agent Systems
IEEE Transactions on Evolutionary Computation - Special issue on computational finance and economics
Evolutionary optimization of ZIP60: a controlled explosion in hyperspace
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A comparison of sequential and simultaneous auctions
TADA/AMEC'06 Proceedings of the 2006 AAMAS workshop and TADA/AMEC 2006 conference on Agent-mediated electronic commerce: automated negotiation and strategy design for electronic markets
What the 2007 TAC Market Design Game tells us about effective auction mechanisms
Autonomous Agents and Multi-Agent Systems
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Mechanism design has traditionally been a largely analytic process, relying on assumptions such as fully rational bidders. In practice, however, these assumptions may not hold, making bidder behavior difficult to model and complicating the design process. To address this issue, we propose a different approach to mechanism design. Instead of relying on analytic methods that require specific assumptions about bidders, our approach is to create a self-adapting mechanism that adjusts auction parameters in response to past auction results. In this paper, we describe our approach and then present an example of its implementation to illustrate its efficacy.