Strategies and Heuristics Used by the UMBCTAC Agent in the third Trading Agent Competition

  title={Strategies and Heuristics Used by the UMBCTAC Agent in the third Trading Agent Competition},
  author={Li Ding and Timothy W. Finin and Yongmei Shi and Youyong Zou and Zhongli Ding and Rong Pan},
The UMBCTAC agent was one of the top ranked agents in the third international Trading Agent Competition (TAC’02). This paper describes and evaluates the key heuristics used by UMBCTAC, including the early bird heuristic, the balance heuristic, and the separation heuristic. We developed a simple gainrisk model to search safe and profitable allocations for hotel rooms and airline tickets. We also used a novel probabilistic approach to dynamically allocate entertainment tickets and bid in… CONTINUE READING

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SouthamptonTAC: An adaptive autonomous trading agent

  • He, Jennings, 2003 M. He, N. R. Jennings
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