×

A self-adaptive bidding strategy in continuous double auction market. (Chinese. English summary) Zbl 1340.91040

Summary: The bidding strategy for the traditional double auction market is lack of intelligence, and for this reason we present the design and analysis of a new self-adaptive bidding strategy (self-adaptive bidding strategy, SA bidding strategy) which allows the trader to obtain a higher profit no matter which side it is. Not only heuristic rules but also a reasoning mechanism, short-term and long-term, are employed by this strategy. Agents adopting the strategy dynamically adjust their behaviors in response to the changes of the market. In the experiments, we study the performance of the SA bidding strategies and compared it with other classic bidding strategies, including ZI-C, ZI-U, AA and GNP-AP. Experimental results show that agents adopting the SA bidding strategy are superior to using other strategies in terms of trading success rate and profit.

MSC:

91B26 Auctions, bargaining, bidding and selling, and other market models
91A80 Applications of game theory
PDFBibTeX XMLCite
Full Text: DOI