U-Mart Project

U-Mart2002

Many students including those from Osaka Sangyo University and Chuo University participated. Students of Osaka Sangyo University and Chuo University had experienced trading using U-Mart many times in classes. So those universities regarded that this open experiment was an opportunity to understand the results of their educations. After the experiment, a joint seminar was organized by participant universities for academic exchange among students.

･Date		November 5, 2002
･Place		Department of Economics, Osaka City University Co-hosted by SICE and Japan　Society of System　Engineering
･Participants		7 teams with machine agents and 12 teams　with human agents
･Agent type		Machine and Human

# Sessions per day: 8 times
Session interval: 10 seconds
Trading period: 24
Total # Sessions: 192 times

【Breakdown of human agents】
■Osaka Sangyo University: 　8 teams, total 24 member
【Among those】: Undergraduates who had used the U-Mart System in class for half a year, and Several "speculators"(maybe)
■Kyoto University: 　1 team, total 3 member
【Among those】:　Graduates and undergraduates who were not familiar with the U-Mart system and futures market trading.
■Chuo University: 1 team, total 3 member
【Among those】:　Undergraduates who had experienced the U-Mart System and developed machine agents

【Machine】

Team	University	Member ID	Description
Ishiyama	Chuo University	m1～m3	・Strategic trading posing as an amateur・in the market: Kawasaki ・Decisions based on George Soros’s Theory of Reflectivity and Williams %R: Kim ・Decisions based on the Oscillation Trend: Ishiyama
Kobayashi	Chuo University	m4～m6	・Stochastic Theory (revised): Harada ・ Day-to-Day Price Movements Psychological Line: Kobayashi ・Stochastic Theory: Nakata
Nakajima	Osaka City University	m7～m9	・ Kaubakka ・ Price Maker ・ Selling/buying according to price range
Sawa	Osaka City University	m10～m12	・Sophisticated clients with three agents working in coordination ・Each agent had 7 strategies: ・Countermeasure against losing at the last count, semi-simple regular siege, RSI Analysis, series method, short-to-medium-term average method, regular siege, Williams %R ・ Duration of search: 14 days ・ Each participant implemented every strategy --> Results were reported to the server. ・Duration of using optimum strategy: 8 days ・ After trials of the 7 strategies, decided the best one and used it. ・ Duration of taking countermeasure against losing at the last count: 2 days ・ Tried to secure position near zero
Kobayashi	Tokyo University	m13～m15	・Day trade type ・ Trend type ・ Pseudo-arbitrage Type
Kanai	Osaka City University	m16～m18	・ Arbitrage trading between spot and futures ・Simple averaging sell ・ Averaging buy employing dollar cost averaging method ・Team working: When the market was on its upward course, (3) would make profit and (2) would hedge loss, and in opposite condition, those would take opposite roles respectively.(1) would make a profit under any condition only if an arbitrage opportunity given.
Ariyama	Osaka Prefecture University	m19～m21	・On-line fuzzy learning A ・ On-line fuzzy learning B ・ Neural network

【Human agents】

Team	University	Member ID	Member name
Taniguchi A	Osaka Sangyo University	m31～m33	Ogasawara, Tabuchi, Inoue
Fudaikeihokonsei	Osaka Prefecture University & Osaka University of Economics and Law	m36～m38	Ariyama, Fukase, Kitano
Taniguchi G	Osaka Sangyo University	m39～m40	Ihara，Takachi
Chuo 2002	Chuo University	m34・m41・m42	Nakata, Kobayashi, Harada
Chuo １	Chuo University	m44～m46	Kim, Kawasaki, Ishiyama
Taniguchi F	Osaka Sangyo University	m47～m49	Goto, Yokoyama, Kato
The Sai	Osaka Sangyo University	m50・m60・m61	Sai, Ichikawa, Fujii
Kyotodai	Kyoto University	m51～m53	Shinagawa, Endo, Lee
Taniguchi B	Osaka Sangyo University	m55～m57	Irifune, Sugihashi, Matsuo
Taniguchi B	Osaka Sangyo University	m63～m65	Kubosaki, Tanaka, Sen
SUPER M	Osaka Sangyo University	m67～m69	Emura, Sakamoto, Okoshi
TaniguchiE	Osaka Sangyo University	m71～m73	Ota, Maekawa, Hayashi

●Agent

Rank	Agent name	Member ID	Team	University	CASH（\）
No.1	Ariyama02	m20	Ariyama	Osaka Prefecture University	7,412,344,000
No.2	Ariyama01	m19	Ariyama	Osaka Prefecture University	5,226,312,000
No.3	Kato	m49	Taniguchi F	Osaka Sangyo University	2,271,369,000
No.4	Tabuchi	m32	Taniguchi A	Osaka Sangyo University	2,090,150,000

●Team

Rank	Agent name	MemberID	Team	University
No.1	Ogasawara, Tabuchi, Inoue	m31～m33	Taniguchi A	Osaka Sangyo University
No.2	Ihara・Takachi	m36～m40	Taniguchi G	Osaka Sangyo University
No.3	Team_TK01～03	m13～m15	Team_TK	Tokyo University
No.4	Isiyama01	m 1～m 3	Ishiyama	Chuo University
No.5	Ita・yose・com01～03	ｍ10～m12	Ita・yose・com	Tokyo Institute of Technology

【U-Mart2002】
◆m 19, 20, 21 (Team Ariyama, Osaka Prefecture University)were 　prominent (including a bankrupted agent in the count).
【Agents in the black】　Machine 14/23 (60%)　Human 16/35 (46%)
【Bankrupted Agents】　Machine 2/23 (9%)　Human 3/35 (9%)
Total 5/58 (7%)

【Result of U-Mart 2002】