First Edition
Barcelona, 9th June 1997
Tournament Evaluation Framework
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Tournament Evaluation Framework
Once defined a tournament, the following questions arise:
Thus we will need two additional parameters:
Parameter |
Description |
E | Winner evaluation function. This function works out a buyer agent's performance according to some criteria, and so allows for ranking the participating agents with respect to their performance. |
p | Prize to be awarded to the tournament winners. |
First of all, we introduce the following formula which evaluates the benefits of a given buyer at round number of auction number .
where
Therefore, for the purpose of this first tournament we define the value of the winner evaluation for a given buyer like
where
Finally, the final mark of a student will depend on which position the winner evaluation function ranks him.
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