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Article
Designing the Market Game for a Commodity Trading Simulation
IEEE/WIC/ACM International Conference on Intelligent Agent Technology, 2007: IAT '07: 2-5 November 2007, Fremont, CA: Proceedings
  • Shih-Fen CHENG, Singapore Management University
Publication Type
Conference Proceeding Article
Version
submittedVersion
Publication Date
11-2007
Abstract

In this paper, we propose to design a market game that (a) can be used in modeling and studying commodity trading scenarios, and (b) can be used in capturing human traders' behaviors. Specifically, we demonstrate the usefulness of this commodity trading game in a single-commodity futures trading scenario. A pilot experiment was run with a mixture of human traders and an autonomous agent that emulates the aggregatedmarket condition, with the assumption that this autonomous agent would hint each of its action through a public announcement. We show that the information collected from this simulation can be used to extract the pattern of successful human traders. Finally, we elaborate on the potential of this market game in studying autonomous commodity trading.

ISBN
9780769530277
Identifier
10.1109/IAT.2007.42
Publisher
IEEE Computer Society
City or Country
Los Alamitos, CA
Creative Commons License
Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International
Additional URL
http://dx.doi.org/10.1109/IAT.2007.42
Citation Information
Shih-Fen CHENG. "Designing the Market Game for a Commodity Trading Simulation" IEEE/WIC/ACM International Conference on Intelligent Agent Technology, 2007: IAT '07: 2-5 November 2007, Fremont, CA: Proceedings (2007) p. 445 - 449
Available at: http://works.bepress.com/sfcheng/23/