Economic Reasoning and Artificial Intelligence

DC Parkes and MP Wellman Science, 17 July 2015. Vol. 349 no. 6245 pp. 267-272. Abstract The field of artificial intelligence (AI) strives to build rational agents capable of perceiving the world around them and taking actions to advance…

Strategic Market Choice: Frequent Call Markets vs. Continuous Double Auctions for Fast and Slow Traders

E Wah, DR Hurd, and MP Wellman Third EAI Conference on Auctions, Market Mechanisms, and Their Applications, August 2015. Also appears as part of EAI Endorsed Transactions on Serious Games 16(10):e1. Abstract Frequent call markets have…

Welfare Effects of Market Making in Continuous Double Auctions

E Wah, M Wright, and MP Wellman Journal of Artificial Intelligence Research 59:613–650, 2017. Revised and significantly extended version of a paper presented at: International Conference on Autonomous Agents and Multiagent Systems, May…

Putting the Agent in Agent-Based Modeling

MP Wellman Autonomous Agents and Multi-Agent Systems 30:1175–1189, 2016. Edited transcript of a talk presented at the 13th International Conference on Autonomous Agents and Multiagent Systems (Paris, France), May 2014, on receipt of the…

Self-confirming price-prediction strategies for simultaneous one-shot auctions

MP Wellman, E Sodomka, and A Greenwald Games and Economic Behavior, 102:339–372, 2017. Abstract Bidding in simultaneous auctions is challenging because an agent's value for a good in one auction may depend on the outcome of other auctions;…