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Figure: NAgent Bidding Strategy Profile

Let us define


where r and n stand respectively for the current round index and current auction length(total of bidding rounds). Then the bid submitted by the agent during the next bidding round will be calculated as


where tex2html_wrap_inline922 stands for the starting price of good tex2html_wrap_inline908 , and tex2html_wrap_inline926 and tex2html_wrap_inline928 are free variables that must become instantiated.

Juan Antonio Rodriguez
Fri Oct 16 15:39:57 MET DST 1998