Software Agents and the Information Economy

Two broad application areas

Outline

The Information Economy

Emergent Behavior

Outline

Experiment
Bidding Agents vs. Humans

Watson Experimental Economics Lab

Slide 9

Bidding Agent Architecture

Agent-Human experiments

Experiment #6: Fast GD vs. Humans

Summary of experimental results

Outline

All-agent experiments

Expt. 2: 1 A vs. 19 B
Differential Efficiency

Expt. 3: 10 A vs. 10 B
Differential Surplus (out of 2612 total)

Kaplan vs. ZI

Evolutionary dynamics
CDA game

Outline

Shopbots and pricebots

Profit landscape and best-response policy

Shopbots and pricebots

Dynamic pricing game
Shopbots and pricebots

Cyclical price wars
Price/Quality Model

Cyclical price wars
Information Bundling Model

Cyclical price wars
Underlying cause

Dynamic Pricing
Mix of strategies

Evolutionary dynamics
Dynamic pricing game

Information Economy
Summary

Outline

Complex heterogeneous infrastructures are a reality!

Autonomic Computing
Self-managing computing systems

Evolving towards
Self-management

Autonomic Computing Architecture
The Autonomic Element

Autonomic Computing Architecture
Element interactions

Example scenario: Autonomic Data Center

Outline

Closing remarks