AstonCAT-plus: an efficient specialist for the TAC market design tournament

Meng Chang, Minghua He, Xudong Luo

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

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.
Original languageEnglish
Title of host publicationProceedings of the Twenty-Second International Joint Conference on Artificial Intelligence
EditorsToby Walsh
Place of PublicationPalo Alto (US)
PublisherAAAI
Pages146-151
Number of pages6
Volume1
ISBN (Electronic)978-1-57735-512-0
ISBN (Print)978-1-57735-513-7
DOIs
Publication statusPublished - 2011
Event22nd International Joint Conference on Artificial Intelligence - Barcelona, Spain
Duration: 16 Jul 201122 Jul 2011

Conference

Conference22nd International Joint Conference on Artificial Intelligence
CountrySpain
CityBarcelona
Period16/07/1122/07/11

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Fees and charges
Profitability
Experiments

Keywords

  • multi-agent system
  • trading agent competition
  • market mechanism design

Cite this

Chang, M., He, M., & Luo, X. (2011). AstonCAT-plus: an efficient specialist for the TAC market design tournament. In T. Walsh (Ed.), Proceedings of the Twenty-Second International Joint Conference on Artificial Intelligence (Vol. 1, pp. 146-151). Palo Alto (US): AAAI. https://doi.org/10.5591/978-1-57735-516-8/IJCAI11-036
Chang, Meng ; He, Minghua ; Luo, Xudong. / AstonCAT-plus : an efficient specialist for the TAC market design tournament. Proceedings of the Twenty-Second International Joint Conference on Artificial Intelligence. editor / Toby Walsh. Vol. 1 Palo Alto (US) : AAAI, 2011. pp. 146-151
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Chang, M, He, M & Luo, X 2011, AstonCAT-plus: an efficient specialist for the TAC market design tournament. in T Walsh (ed.), Proceedings of the Twenty-Second International Joint Conference on Artificial Intelligence. vol. 1, AAAI, Palo Alto (US), pp. 146-151, 22nd International Joint Conference on Artificial Intelligence, Barcelona, Spain, 16/07/11. https://doi.org/10.5591/978-1-57735-516-8/IJCAI11-036

AstonCAT-plus : an efficient specialist for the TAC market design tournament. / Chang, Meng; He, Minghua; Luo, Xudong.

Proceedings of the Twenty-Second International Joint Conference on Artificial Intelligence. ed. / Toby Walsh. Vol. 1 Palo Alto (US) : AAAI, 2011. p. 146-151.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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Chang M, He M, Luo X. AstonCAT-plus: an efficient specialist for the TAC market design tournament. In Walsh T, editor, Proceedings of the Twenty-Second International Joint Conference on Artificial Intelligence. Vol. 1. Palo Alto (US): AAAI. 2011. p. 146-151 https://doi.org/10.5591/978-1-57735-516-8/IJCAI11-036