The First International Trading Agent Competition:
Autonomous Bidding Agents
Peter Stone and Amy Greenwald
Abstract
This article summarizes the bidding algorithms developed for the
on-line Trading Agent Competition held in July, 2000 in Boston. At
its heart, the article describes 12 of the 22 agent strategies in
terms of (i) bidding strategy, (ii) allocation strategy, (iii) special
approaches, and (iv) team motivations. The common and distinctive
features of these agent strategies are highlighted. In addition,
experimental results are presented that give some insights as to why
the top-scoring agents' strategies were most effective.