Template-Type: ReDIF-Paper 1.0
Author-Name: Babanov, A.
Author-Name-Last: Babanov
Author-Name-First: Alexander
Author-Name: Ketter, W.
Author-Name-Last: Ketter
Author-Name-First: Wolfgang
Author-Name: Gini, M.
Author-Name-Last: Gini
Author-Name-First: Maria
Title: An Evolutionary Framework for Determining Heterogeneous Strategies in Multi-Agent Marketplaces
Abstract: We propose an evolutionary approach for studying the dynamics of interaction of strategic agents that interact in a marketplace. The goal is to learn which agent strategies are most suited by observing the distribution of the agents that survive in the market over extended periods of time. We present experimental results from a simulated market, where multiple service providers compete for customers using different deployment and pricing schemes. The results show that heterogeneous strategies evolve and co-exist in the same market.
Creation-Date: 2008-01-17
File-URL: https://repub.eur.nl/pub/10972/ERS-2008-002-LIS.pdf
File-Format: application/pdf
Series: RePEc:ems:eureri
Number: ERS-2008-002-LIS
Classification-JEL: L15, M, O32, M31
Keywords: complexity economics, marketing, multi-agent systems, simulation, trading agents
Handle: RePEc:ems:eureri:10972