AstonCAT-Plus: An Efficient Specialist for the TAC Market Design Tournament
نویسندگان
چکیده
This paper describes the strategies used by AstonCAT-Plus, the post-tournament version of the specialist designed for the TAC Market Design Tournament 2010. It details how AstonCATPlus accepts shouts, clears market, sets transaction prices and charges fees. Through empirical evaluation, we show that AstonCAT-Plus not only outperforms AstonCAT (tournament version) significantly but also achieves the second best overall score against some top entrants of the competition. In particular, it achieves the highest allocative efficiency, transaction success rate and average trader profit among all the specialists in our controlled experiments.
منابع مشابه
How specialised are specialists? Generalisation properties of entries from the 2008 TAC Market Design Competition
Unlike the classic Trading Agent competition (TAC), where participants enter trading strategies into a market, the TAC Market Design Competition (CAT) allows participants to create rules for their own double auction market and set fees for traders, which they embody in agents known as specialists. Although the generalisation properties of traders when the specialist (i.e., the market mechanism)...
متن کاملClearing Policy for an Specialist Agent in Marketing Strategies
This work discusses clearing policy used by a specialist agent on marketing strategies under the rules of TAC CAT agents International Tournament. The goal of this agent is to create a market and then establish a set of policies for controlling agents’ behavior of other agents interested in trade with him. This agent must be able to establish accepting, prices, charging and clearing. Clearing p...
متن کاملCAT 2008 Post-Tournament Evaluation: The Mertacor’s Perspective
TAC Market Design (or CAT) tournament is an effort to study the competition among modern stock exchanges trying to attract potential traders while maximizing their profit. This paper shortly presents Mertacor, our entrant for 2008, and makes an attempt to evaluate its performance. We compare Mertacor with the other available entries for the setting of CAT 2008 as well as beyond the tournament. ...
متن کاملHow Specialised Are Specialists? Generalisation Properties of Entries from the 2008 and 2009 TAC Market Design Competitions
Unlike the classic Trading Agent competition (tac), where participants enter trading strategies into a market, the tac Market Design Competition (cat) allows participants to create rules for their own double auction market and set fees for traders, which they embody in agents known as specialists. Although the generalisation properties of traders when the specialist (i.e., the market mechanism)...
متن کاملMarket Efficiency, Sales Competition, and the Bullwhip Effect in the TAC SCM Tournaments
The TAC SCM tournament is moving into its fourth year. In an effort to track agent progress, we present a benchmark market efficiency comparison for the tournament, in addition to prior measures of agent competency through customer bidding. Using these benchmarks we find statistically significant increases in intratournament market efficiency, whereas agents are generally decreasing in manufact...
متن کامل