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Next: Agents with One-level Models Up: Agents with no models Previous: Buyers with no models.

Sellers with no models.

When asked for a bid, the seller s will provide one whose price is greater than or equalgif to the cost for producing it (i.e. tex2html_wrap_inline674 ). From these prices, he will chose the one with the highest expected profit:


The function tex2html_wrap_inline676 returns the profit s expects to get if he offers good g at a price p. It is also learned using reinforcement learning, as follows:




Jose M. Vidal
Wed Aug 21 07:12:37 EDT 1996