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Class Summary

Static Public Class Summary
public

Agent with Poisson-distributed opportunities to act, with period managment, optional inventory, unit values and costs, and end-of-period production and consumption to satisfy trades

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a reimplementation of a Kaplan Sniper Agent (JavaScript implementation by Paul Brewer)

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MidpointAgent - An agent that bids/asks halfway between the current bid and current ask.

public

OneupmanshipAgent is a robotic version of that annoying market participant who starts at extremely high or low price, and always bid $1 more, or ask $1 less than any competition

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Pool for managing a collection of agents.

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agent that places trades in one or more markets based on marginal costs or values

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Unit agent: uses ZIAgent algorithm if there is no previous market price, afterward, bids/asks randomly within 1 price unit of previous price

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a reimplementation of Gode and Sunder's "Zero Intelligence" robots, as described in the economics research literature.

see

Gode, Dhananjay K., and S. Sunder. [1993]. ‘Allocative efficiency of markets with zero-intelligence traders: Market as a partial substitute for individual rationality.’ Journal of Political Economy, vol. 101, pp.119-137.

Gode, Dhananjay K., and S. Sunder. [1993b]. ‘Lower bounds for efficiency of surplus extraction in double auctions.’ In Friedman, D. and J. Rust (eds). The Double Auction Market: Institutions, Theories, and Evidence, pp. 199-219.

Gode, Dhananjay K., and S. Sunder. [1997a]. ‘What makes markets allocationally efficient?’ Quarterly Journal of Economics, vol. 112 (May), pp.603-630.