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Agent0 calculates his bid
for each round as follows
where
- market money (sum of
the credits of each buyer b,
) -
resale price
of the good in auction
- market benefits (sum of
resale prices of the goods remaining to be auctioned
)
Though utilizing a very simple strategy, this type of agent showed an
excellent performance w.r.t the contenders in the second FM tournament
[7].
Juan Antonio Rodriguez
Fri Oct 16 15:39:57 MET DST 1998