Phelps, Steve and McBurney, Peter and Parsons, Simon (2010) 'A Novel Method for Strategy Acquisition and Its Application to a Double-Auction Market Game.' IEEE Transactions on Systems, Man, and Cybernetics, Part B (Cybernetics), 40 (3). pp. 668-674. ISSN 1083-4419
Full text not available from this repository.Abstract
We introduce a method for strategy acquisition in nonzero-sum n -player games and empirically validate it by applying it to a well-known benchmark problem in this domain, namely, the double-auction market. Many existing approaches to strategy acquisition focus on attempting to find strategies that are robust in the sense that they are good all-round performers against all-comers. We argue that, in many economic and multiagent scenarios, the robustness criterion is inappropriate; in contrast, our method focuses on searching for strategies that are likely to be adopted by participating agents, which is formalized as the size of a strategy's basins of attraction under the replicator dynamics.
Item Type: | Article |
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Uncontrolled Keywords: | Empirical game theory; evolutionary computing; mechanism design |
Subjects: | H Social Sciences > HG Finance Q Science > QA Mathematics > QA75 Electronic computers. Computer science |
Divisions: | Faculty of Science and Health > Computer Science and Electronic Engineering, School of > Centre for Computational Finance and Economic Agents |
SWORD Depositor: | Elements |
Depositing User: | Elements |
Date Deposited: | 12 Feb 2013 15:35 |
Last Modified: | 06 Jan 2022 14:37 |
URI: | http://repository.essex.ac.uk/id/eprint/5545 |
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