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november 13, 2004
Tycoon: a Distributed Market-based Resource Allocation System
Från HP Labs Information Dynamics Lab:
Kevin Lai, Lars Rasmusson, Eytan Adar, Stephen Sorkin, Li Zhang and Bernardo A. Huberman: Eliminating Public Knowledge Biases in Small Group Predictions (PDF)
Abstract:
P2P clusters like the Grid and PlanetLab enable in principle the same statistical multiplexing efficiency gains for computing as the Internet provides for networking. The key unsolved problem is resource allocation. Existing solutions are not economically efficient and require high latency to acquire resources. We designed and implemented Tycoon, a market based distributed resource allocation system based on an Auction Share scheduling algorithm. Preliminary results show that Tycoon achieves low latency and high fairness while providing incentives for truth-telling on the part of strategic users.
Posted by hakank at november 13, 2004 11:58 FM Posted to Spelteori och ekonomi