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Transcript 
Simulations 
• Choose some reasonable bidding strategies and
observe how the system behaves when these
strategies are used by the bidders
–
–
–
–
When to submit a bid and what price to bid
For how long to collect the answers
To which bids to answers and with what price
How to evolve eventual answers with time
• Starting point: Zero Intelligence Plus (ZIP)
traders
©2003, Zoran Despotovic, EPFL-I&C,
Laboratoire de systèmes d'informations répartis
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