Autonomous Bidding Agents Front Cover

Autonomous Bidding Agents

  • Length: 238 pages
  • Edition: 1
  • Publisher:
  • Publication Date: 2007-07-13
  • ISBN-10: 026223260X
  • ISBN-13: 9780262232609
  • Sales Rank: #4052556 (See Top 100 Books)

Autonomous Bidding Agents: Strategies and Lessons from the Trading Agent Competition (Intelligent Robotics and Autonomous Agents series)

E-commerce increasingly provides opportunities for autonomous bidding agents: computer programs that bid in electronic markets without direct human intervention. Automated bidding strategies for an auction of a single good with a known valuation are fairly straightforward; designing strategies for simultaneous auctions with interdependent valuations is a more complex undertaking. This book presents algorithmic advances and strategy ideas within an integrated bidding agent architecture that have emerged from recent work in this fast-growing area of research in academia and industry. The authors analyze several novel bidding approaches that developed from the Trading Agent Competition (TAC), held annually since 2000. The benchmark challenge for competing agents–to buy and sell multiple goods with interdependent valuations in simultaneous auctions of different types–encourages competitors to apply innovative techniques to a common task. The book traces the evolution of TAC and follows selected agents from conception through several competitions, presenting and analyzing detailed algorithms developed for autonomous bidding. Autonomous Bidding Agents provides the first integrated treatment of methods in this rapidly developing domain of AI. The authors–who introduced TAC and created some of its most successful agents–offer both an overview of current research and new results. Michael P. Wellman is Professor of Computer Science and Engineering and member of the Artificial Intelligence Laboratory at the University of Michigan, Ann Arbor. Amy Greenwald is Assistant Professor of Computer Science at Brown University. Peter Stone is Assistant Professor of Computer Sciences, Alfred P. Sloan Research Fellow, and Director of the Learning Agents Group at the University of Texas, Austin. He is the recipient of the International Joint Conference on Artificial Intelligence (IJCAI) 2007 Computers and Thought Award.

Table of Contents

Chapter 1 Introduction
Chapter 2 The TAC Travel-Shopping Game
Chapter 3 Bidding in Interdependent Markets
Chapter 4 Price Prediction
Chapter 5 Bidding with Price Predictions
Chapter 6 Machine Learning and Adaptivity
Chapter 7 Market-Speciļ¬c Bidding Strategies
Chapter 8 Experimental Methods and Strategic Analysis
Chapter 9 Conclusion
Appendix A: Tournament Data
Appendix B: Integer Linear Programming Formulations

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