Designing agents that can bid in online simultaneous auctions is a complex task. The authors describe task-specific details and strategies of agents in a trading agent competition. More specifically, the article describes the task-specific details of and the general motivations behind, the four top-scoring agents. First, we discuss general strategies used by most of the participating agents. We then report on the strategies of the four top-placing agents. We conclude with suggestions for improving the design of future trading agent competitions.
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Greenwald et al. (2001) studied this question.
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