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2003 IEEE/WIC International Conference on Intelligent Agent Technology (IAT'03)
Artificial Software Agents on Thin Double Auction Markets - A Human Trader Experiment
Halifax, Canada
October 13-October 17
ISBN: 0-7695-1931-8
ASCII Text
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Jens Grossklags, Carsten Schmidt, "Artificial Software Agents on Thin Double Auction Markets - A Human Trader Experiment," Intelligent Agent Technology, IEEE / WIC / ACM International Conference on, pp. 400, 2003 IEEE/WIC International Conference on Intelligent Agent Technology (IAT'03), 2003.
 
 
BibTex
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@article{ 10.1109/IAT.2003.1241109,
author = {Jens Grossklags and Carsten Schmidt},
title = {Artificial Software Agents on Thin Double Auction Markets - A Human Trader Experiment},
journal ={Intelligent Agent Technology, IEEE / WIC / ACM International Conference on},
volume = {0},
year = {2003},
isbn = {0-7695-1931-8},
pages = {400},
doi = {http://doi.ieeecomputersociety.org/10.1109/IAT.2003.1241109},
publisher = {IEEE Computer Society},
address = {Los Alamitos, CA, USA},
}
 
 
RefWorks Procite/RefMan/Endnote
x 
 
TY - CONF
JO - Intelligent Agent Technology, IEEE / WIC / ACM International Conference on
TI - Artificial Software Agents on Thin Double Auction Markets - A Human Trader Experiment
SN - 0-7695-1931-8
SP
EP
A1 - Jens Grossklags,
A1 - Carsten Schmidt,
PY - 2003
KW - null
VL - 0
JA - Intelligent Agent Technology, IEEE / WIC / ACM International Conference on
ER -
 
Jens Grossklags, University of California at Berkeley
Carsten Schmidt, Max-Planck Institute for Research into Economic Systems
This paper studies how software agents influence the market behavior of human traders. Software agents with a passive arbitrage seeking strategy are introduced in a double auction market experiment with human subjects in the laboratory. As a treatment variable, the influence of information on the existence of software agents is investigated. We found that common knowledge about the presence of software agents triggers more efficient market prices when the programmed strategy was employed whereas an effect of the information condition on behavioral variables could not be observed. Surprisingly, the introduction of software agents results in lower market efficiency in the no information treatment when compared to the baseline treatment without software agents.
Citation:
Jens Grossklags, Carsten Schmidt, "Artificial Software Agents on Thin Double Auction Markets - A Human Trader Experiment," iat, pp.400, 2003 IEEE/WIC International Conference on Intelligent Agent Technology (IAT'03), 2003
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