Frontiers of Electrical and Electronic Engineering >

2011 , Vol. 6 >Issue 1: 159 - 170

DOI: https://doi.org/10.1007/s11460-011-0132-4

RESEARCH ARTICLE

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

  • Shu-Heng CHEN , 1 ,
  • Tina YU 2
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  • 1. Department of Economics, Chengchi University, Taipei, China
  • 2. Department of Computer Science, Memorial University of Newfoundland, Canada

Received date: 10 Jul 2010

Accepted date: 16 Dec 2010

Published date: 05 Mar 2011

Copyright

2014 Higher Education Press and Springer-Verlag Berlin Heidelberg
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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.

Key words： agent-based double auction markets; autonomous agents; genetic programming; bargaining strategies; monopsony; procrastination strategy

Cite this article

Shu-Heng CHEN , Tina YU . Agents learned, but do we? Knowledge discovery using the agent-based double auction markets[J]. Frontiers of Electrical and Electronic Engineering, 2011 , 6(1) : 159 -170 . DOI: 10.1007/s11460-011-0132-4

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