Sciweavers

Share
AGENTS
1999
Springer

An Adaptive Agent Bidding Strategy Based on Stochastic Modeling

12 years 4 months ago
An Adaptive Agent Bidding Strategy Based on Stochastic Modeling
For a dynamic, evolving multiagent auction, we have developed an adaptive agent bidding strategy (called the p-strategy) based on stochastic modeling. The p-strategy takes into account the dynamics and resulting uncertainties of the auction process using stochastic modeling, and avoids the shortcomings of stochastic modeling by adaptively deciding when to use the model and when not to. Our experiments show that the p-strategy outperforms other candidate bidding strategies in a continuous double auction regardless of the status of the auction and the demography of the agent population.
Sunju Park, Edmund H. Durfee, William P. Birmingha
Added 03 Aug 2010
Updated 03 Aug 2010
Type Conference
Year 1999
Where AGENTS
Authors Sunju Park, Edmund H. Durfee, William P. Birmingham
Comments (0)
books