Designing the Market Game for a Commodity Trading Simulation

In this paper, we propose to design a market game that (a) can be used in modeling and studying commodity trading scenarios, and (b) can be used in capturing human traders’ behaviors. Specifically, we demonstrate the usefulness of this commodity trading game in a single-commodity futures trading scenario. A pilot experiment was run with a mixture of human traders and an autonomous agent that emulates the aggregated market condition, with the assumption that this autonomous agent would hint each of its action through a public announcement. We show that the information collected from this simulation can be used to extract the pattern of successful human traders. Finally, we elaborate on the potential of this market game in studying autonomous commodity trading.

• Type: Conference
• Year: 2007
• Where: IAT
• Authors: Shih-Fen Cheng
• Keywords: Commodity Trading, Human Traders, IAT 2007, Intelligent Agent, Trading Scenario