[FRIAM] A billion agents

[Robert Holmes]

On 10/9/06, Douglas Roberts <doug at parrot-farm.net> wrote:
>
> Interesting, Ray.  A number of years ago a couple of LANL program managers
> and I went back to Washington to try to interest DOE in an ABM that was
> intended to do exactly what you describe blow.  In addition, the simulation
> would have allowed market gaming scenarios to be run for analyzing how the
> power arbitragers (remember CalPine?) could game the market (remember all
> those windfall profits the power companies were making in California a few
> years back?).
>
<snip>

It's also interesting to note that many power arbitragers successfully gamed
the system without the benefit of massive simulations. It suggests to me
that we often get tied up in our own simulation/modeling expertise and
forget that there's a lot of practitioners out there with valuable domain
expertise. Give an arbitrager a solid financial incentive for finding
opportunities to game a system and s/he will find them a whole load faster
than a modeler :-)

R
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