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Article
Trading agents competing: Performance, progress and market effectiveness
IEEE Intelligent Systems
  • Michael P. WELLMAN, University of Michigan
  • Shih-Fen CHENG, Singapore Management University
  • Daniel M. Reeves
  • Kevin M. Lochner
Publication Type
Journal Article
Version
publishedVersion
Publication Date
1-2003
Abstract
The annual trading agent competition offers agent designers a forum for evaluating programmed trading techniques in a challenging market scenario. TAC aims to spur research by enabling researchers to compare techniques on a common problem and build on each other's ideas. A fixed set of assumptions and environment settings facilitates communication of methods and results. As a multiyear event, TAC lets researchers observe trading agents' progress over time, in effect accelerating the evolution of an adapted population of traders. Given all the participant effort invested, it is incumbent on us to learn as much from the experience as possible. After three years of TAC, we're ready to examine there we stand. To do this, we used data from actual TAC tournaments and some post-competition experimentation. We based our analysis almost entirely on outcomes (profits and allocations), with very little direct accounting for specific agent techniques.
Discipline
Identifier
10.1109/mis.2003.1249169
Publisher
IEEE
Creative Commons License
Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International
Additional URL
https://doi.org/10.1109/mis.2003.1249169
Citation Information
Michael P. WELLMAN, Shih-Fen CHENG, Daniel M. Reeves and Kevin M. Lochner. "Trading agents competing: Performance, progress and market effectiveness" IEEE Intelligent Systems Vol. 18 Iss. 6 (2003) p. 48 - 53 ISSN: 1541-1672
Available at: http://works.bepress.com/sfcheng/11/