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An agent-based approach equipped with game theory: Strategic collaboration among learning agents during a dynamic market change in the California electricity crisis

机译:基于代理的基于博弈论的方法:在加州电力危机中动态市场变化期间,学习型代理之间的战略合作

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摘要

An agent-based approach is a numerical (computer-intensive) method to explore the complex characteristics and dynamics of microeconomics. Using the agent-based approach, this study investigates the learning speed of traders and their strategic collaboration in a dynamic market change of electricity. An example of such a market change can be found in the California electricity crisis (2000-2001).This study incorporates the concept of partial reinforcement learning into trading agents and finds that they have two learning components: learning from a dynamic market change and learning from collaboration with other traders. The learning speed of traders becomes slow when a large fluctuation occurs in the power exchange market. The learning speed depends upon the type of traders, their learning capabilities and the fluctuation of market fundamentals. The degree of collaboration among traders gradually reduces during the electricity crisis. The strategic collaboration among traders is examined by a large simulator equipped with multiple learning capabilities.
机译:基于主体的方法是一种数值(计算机密集型)方法,用于探索微观经济学的复杂特征和动态。使用基于代理的方法,本研究调查了贸易商在动态电力市场变化中的学习速度及其战略合作。在加州电力危机(2000-2001)中可以找到这种市场变化的一个例子。该研究将部分强化学习的概念纳入了贸易代理中,发现他们具有两个学习组成部分:从动态的市场变化中学习和学习。与其他商人的合作。当电力交易市场出现较大波动时,交易者的学习速度将变慢。学习速度取决于交易者的类型,他们的学习能力和市场基本面的波动。在电力危机期间,交易者之间的合作程度逐渐降低。贸易商之间的战略合作是通过配备多种学习功能的大型模拟器来进行的。

著录项

  • 来源
    《Energy economics》 |2010年第5期|p.1009-1024|共16页
  • 作者

    Toshiyuki Sueyoshi;

  • 作者单位

    Department of Management, New Mexico Institute of Mining and Technology, Socorro, NM 87801, USA Department of Industrial and Information Management, National Cheng Kung University, Tainan, Taiwan;

  • 收录信息 美国《科学引文索引》(SCI);美国《工程索引》(EI);
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

    agent-based approach; electricity market; partial reinforcement learning;

    机译:基于主体的方法;电力市场;部分强化学习;

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