<![CDATA[
<BODY text="#000066" link="blue" vlink="purple" alink="red" background="index13.gif">
<A NAME="pgtop"></A>
<A HREF="indexc.htm"><Img Src="flconts.gif" ALT="Table of Contents" WIDTH=24 HEIGHT=24></A>
<A HREF="index12.htm"><Img Src="fllarrow.gif" ALT="Previous" WIDTH=24 HEIGHT=24></A>
<A HREF="index14.htm"><Img Src="flrarrow.gif" ALT="Next" WIDTH=24 HEIGHT=24></A>
<BR>
<TABLE BORDER=0 CELLPADDING=0 CELLSPACING=0 WIDTH="100%"><TR>
<TD>
<TABLE BORDER=0 CELLPADDING=0 CELLSPACING=0 WIDTH="100%">
<TR><TD COLSPAN=0 HEIGHT=44><br></TD></TR>
<TR>
<TD WIDTH=33 HEIGHT=28><br></td>
<TD WIDTH=378 HEIGHT=28 align="left" valign="middle" >
<B><FONT face="Times New Roman"><FONT color="#FFFF00"><FONT size="+2">Dynamic Pricing Studies</B></FONT></FONT></FONT></TD>
<TD COLSPAN=0><SPACER type="horizontal" size=142><br></TD>
</TR>
</TABLE>
</TD>
</TR>
<TR>
<TD>
<TABLE BORDER=0 CELLPADDING=0 CELLSPACING=0 WIDTH="100%">
<TR><TD COLSPAN=0 HEIGHT=25><br></TD></TR>
<TR>
<TD WIDTH=30 HEIGHT=196><br></td>
<TD WIDTH=382 HEIGHT=196 align="left" valign="top" >
<LI><FONT face="Arial"><FONT color="#FFFF00"><FONT size="+0">Even dumb agents can price dynamically</FONT></FONT></FONT><FONT face="Arial"><FONT color="#FFFFFF"><FONT size="+0"><BR>
</FONT></FONT></FONT><UL><LI><FONT face="Arial"><FONT color="#FFFFFF"><FONT size="-1">But price wars result</FONT></FONT></FONT><FONT face="Arial"><FONT color="#FFFFFF"><FONT size="-1"><-<BR>
</FONT></FONT></FONT></UL><LI><FONT face="Arial"><FONT color="#FFFF00"><FONT size="+0">Simple learning schemes help a lot</FONT></FONT></FONT><FONT face="Arial"><FONT color="#FFFFFF"><FONT size="+0"><BR>
</FONT></FONT></FONT><UL><LI><FONT face="Arial"><FONT color="#FFFFFF"><FONT size="-1">Learn better pricing scheme from results of their own prices and those of competitors<BR>
<LI>Prices stabilize, can still react quickly to market changes<BR>
</FONT></FONT></FONT><LI><FONT face="Arial"><FONT color="#FFFFFF"><FONT size="-1"><-<BR>
</FONT></FONT></FONT></UL><LI><FONT face="Arial"><FONT color="#FFFF00"><FONT size="+0">2000 goal: Beat humans in competitive study</FONT></FONT></FONT></TD>
<TD COLSPAN=0><SPACER type="horizontal" size=141><br></TD>
</TR>
</TABLE>
</TD>
</TR>
<TR><TD COLSPAN=0 HEIGHT=49><br></TD></TR>
</TABLE>
<HR ALIGN="left" size=5 WIDTH="65%">
<A NAME="pgbot"></A>
<BR>
<FONT SIZE="-2">Published by <A HREF="http://www.lotus.com">Lotus</A>®
<A HREF="http://www.lotus.com/freelance">Freelance Graphics</A>®</FONT>
</BODY>
]]>