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Agent-Human Interactions in the Continuous Double Auction

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27 out of 50 users found this white paper useful


Publisher IBM
Publisher Registration Direct Access
Topics Software Engineering, Sales - Marketing Date added 01 Aug 2001
Downloads 24 Format 205.0KB PDF, requires Acrobat Rdr 5

The Continuous Double Auction (CDA) is the dominant market institution for real-world trading of equities, commodities, derivatives, etc. This paper describes a series of laboratory experiments that, for the first time, allow human subjects to interact with software bidding agents in a CDA. The bidding agents use strategies based on extensions of the Gjerstad-Dickhaut and Zero-Intelligence-Plus algorithms.

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27 out of 50 users found this white paper useful


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