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Published Articles >> Table of Contents >> Abstract
The 8th IEEE International Conference on E-Commerce Technology and The 3rd IEEE International Conference on Enterprise Computing, E-Commerce, and E-Services (CEC/EEE'06)
p. 16
Effect of Time Strategies on the Profit of Agents Using Adaptive Bid Softness Determination in Continuous Double Auctions with a Fixed Deadline
Huiye Ma, The Chinese University of Hong Kong
Ho-fung Leung, The Chinese University of Hong Kong
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DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/CEC-EEE.2006.40
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| Abstract |
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In this paper, we consider continuous double auctions
(CDAs) with a fixed deadline. The protocol allows the specification
of a deadline since in real world trading, it is often
essential to conclude a transaction among agents under
a fixed deadline. Time strategies of agents are defined
for buyers and sellers. The effect of different time strategies
on the profit of agents submitting soft asks and soft
bids is evaluated by experiments. It turns out that when
it is easy for the agent to trade all his good, he should wait
some time before getting involved in the trading process and
utilize a large value of submission time in the time strategy.
On the contrary, he should make a quicker decision by
adopting a small value of submission time in the time strategy.
Based on these results, an adaptive mechanism is designed
to guide agents employing various bidding strategies
to consider the effect of time. Fuzzy concepts are applied
in the mechanism. Experimental results demonstrate that
agents with the adaptive mechanism perform better than
agents without the adaptive mechanism.
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 Additional Information
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Citation:
Huiye Ma, Ho-fung Leung,
"Effect of Time Strategies on the Profit of Agents Using Adaptive Bid Softness Determination in Continuous Double Auctions with a Fixed Deadline,"
cec-eee,
p. 16,
The 8th IEEE International Conference on E-Commerce Technology and The 3rd IEEE International Conference on Enterprise Computing, E-Commerce, and E-Services (CEC/EEE'06),
2006
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