Interaction of Human and Artificial Agents on Double Auction Markets - Simulations and Laboratory Experiments

Carsten Schmidt () and Jens Grossklags

Papers on Strategic Interaction from Max Planck Institute of Economics, Strategic Interaction Group

Abstract: This paper provides an overview on the simulations and experiments we have done in order to better understand human-agent interaction in a market environment. We find that the introduction of software agents does not necessarily induce a more efficient market. More surprisingly, information on the existence of software agents in the market environment results in more efficient behavior of human traders.

New Economics Papers: this item is included in nep-cbe, nep-cmp and nep-exp
Date: 2004-02
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Persistent link: http://EconPapers.repec.org/RePEc:esi:discus:2003-22

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