Fast Convergence in the Double Oral Auction
نویسندگان
چکیده
منابع مشابه
the investigation of research articles in applied linguistics: convergence and divergence in iranian elt context
چکیده ندارد.
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We study the learning behavior of a population of buyers and a population of sellers whose members are repeatedly randomly matched to engage in a sealed bid double auction. The agents are assumed to be boundedly rational and they update their strategies by imitation of successful agents and innovation triggered by random errors or communication with other agents. This process is modelled by a t...
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Auctions have been as a competitive method of buying and selling valuable or rare items for a long time. Single-sided auctions in which participants negotiate on a single attribute (e.g. price) are very popular. Double auctions and negotiation on multiple attributes create more advantages compared to single-sided and single-attribute auctions. Nonetheless, this adds the complexity of the auctio...
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ژورنال
عنوان ژورنال: ACM Transactions on Economics and Computation
سال: 2017
ISSN: 2167-8375,2167-8383
DOI: 10.1145/3084358