First Edition
Barcelona, 9th June 1997
Tournament Evaluation Framework
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Tournament Evaluation Framework
Once defined a tournament, the following questions arise:
Thus we will need two additional parameters:
|
Parameter |
Description |
| E | Winner evaluation function. This function works out a buyer agent's performance according to some criteria, and so allows for ranking the participating agents with respect to their performance. |
| p | Prize to be awarded to the tournament winners. |
First of all, we introduce the following formula which evaluates the benefits of a given buyer 
at round number 
of auction number 
.
where
stands for the set of accumulated purchases of buyer till round number of auction number .
yields the resale price of a given good 
.
yields the sale price of a given good .
stands for the market charges paid by buyer up to the round number of auction number .
Therefore, for the purpose of this first tournament we define the value of the winner evaluation for a given buyer like
where
stands for the value of the winner evaluation function for buyer at round number of auction number .
is the number of purchases made by buyer .
is the accumulated number of rounds.
Finally, the final mark of a student will depend on which position the winner evaluation function ranks him.
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