Interaction of Human and Artificial Agents on Double Auction Markets-Simulations and Laboratory Experiments

@inproceedings{Grossklags2003InteractionOH,
  title={Interaction of Human and Artificial Agents on Double Auction Markets-Simulations and Laboratory Experiments},
  author={Jens Grossklags},
  year={2003}
}
This paper provides an overview on the simulations and experiments we have done in order to better understand human-agent interaction in a market environment. We find that the introduction of software agents does not necessarily induce a more efficient market. More surprisingly, information on the existence of software agents in the market environment results in more efficient behavior of human traders.