Agents learned, but do we? Knowledge discovery using the agent-based double auction markets

Abstract

This paper demonstrates the potential role of autonomous agents in economic theory. We first dispatch autonomous agents, built by genetic programming, to double auction markets.We then study the bargaining strategies, discovered by them, and from there, an autonomous-agent-inspired economic theory with regard to the optimal procrastination is derived.

Keywords

agent-based double auction markets / autonomous agents / genetic programming / bargaining strategies / monopsony / procrastination strategy

References

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Higher Education Press and Springer-Verlag Berlin Heidelberg