An adaptive bidding agent for multiple English auctions: a neuro-fuzzy approach

@article{He2004AnAB,
  title={An adaptive bidding agent for multiple English auctions: a neuro-fuzzy approach},
  author={Minghua He and Nicholas R. Jennings and Adam Pr{\"u}gel-Bennett},
  journal={2004 IEEE International Conference on Fuzzy Systems (IEEE Cat. No.04CH37542)},
  year={2004},
  volume={3},
  pages={1519-1524 vol.3}
}
This work presents the design, implementation and evaluation of a novel bidding strategy for obtaining goods in multiple overlapping English auctions. The strategy uses fuzzy sets to express trade-offs between multi-attribute goods and exploits neuro-fuzzy techniques to predict the expected closing prices of the auctions and to adapt the agent's bidding strategy to reflect the type of environment in which it is situated. We show, through empirical evaluation against a number of methods proposed… CONTINUE READING
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