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Evolving Best-Response Strategies for Market-Driven Agents Using Aggregative Fitness GA.

Authors :
Kwang Mong Sim
Bo An
Source :
IEEE Transactions on Systems, Man & Cybernetics: Part C - Applications & Reviews. May2009, Vol. 39 Issue 3, p284-298. 15p. 2 Black and White Photographs, 3 Charts, 7 Graphs.
Publication Year :
2009

Abstract

The article focuses on the use of aggregative fitness genetic algorithm (AFGA) to develop the most effective bargaining strategies of market-driven agents (MDAs) in the U.S. It presents a series of experiments that are formulated to determine the most successful strategies and compare the performance of MDAs against GA-MDAs. In addition, it compares the strengths and weaknesses of GA-MDAs with related systems. The authors concluded that GA-MDAs achieved higher expected utilities and higher success rates and they reached agreements with fewer negotiation rounds than MDAs.

Details

Language :
English
ISSN :
10946977
Volume :
39
Issue :
3
Database :
Academic Search Index
Journal :
IEEE Transactions on Systems, Man & Cybernetics: Part C - Applications & Reviews
Publication Type :
Academic Journal
Accession number :
38912322
Full Text :
https://doi.org/10.1109/TSMCC.2009.2014880