Designing the Market Game for a Commodity Trading Simulation

Shih-Fen Cheng
2007 2007 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT'07)  
In this paper, we propose to design a market game that (a) can be used in modeling and studying commodity trading scenarios, and (b) can be used in capturing human traders' behaviors. Specifically, we demonstrate the usefulness of this commodity trading game in a single-commodity futures trading scenario. A pilot experiment was run with a mixture of human traders and an autonomous agent that emulates the aggregated market condition, with the assumption that this autonomous agent would hint each
more » ... of its action through a public announcement. We show that the information collected from this simulation can be used to extract the pattern of successful human traders. Finally, we elaborate on the potential of this market game in studying autonomous commodity trading.
doi:10.1109/iat.2007.42 dblp:conf/iat/Cheng07 fatcat:t6qigxikl5behm24bmuijrkhge