{"ts": 1793143109.557101, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c778d104f1caab1b29425aa402bad9b374bc1dbe6afbd006b69d191f5367789f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6552, \"target_holdings\": 2.6819}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 1.68, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.68, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026237964630126953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 1, "run": 1}} {"ts": 1793143109.559107, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "26be6ce0d6bb728ea845c95c8e10b04bfd8be47dac8a47429edd1d1306c1adff", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0615, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6607, \"target_holdings\": 4.2582}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 3.26, \"order_type\": \"limit\", \"limit_price\": 4.6374, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.26, "order_type": "limit", "limit_price": 4.6374, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001661062240600586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 0, "run": 1}} {"ts": 1793143109.560931, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b7c9be84c9e8814e04f4c4e774483285660284606e17b35ec62636b1f260469a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0513, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6506, \"target_holdings\": 1.3712}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.37, \"order_type\": \"limit\", \"limit_price\": 4.6273, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.37, "order_type": "limit", "limit_price": 4.6273, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015790462493896484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 3, "run": 1}} {"ts": 1793143109.5626922, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4f6e77a03662279a4ca12e17c07f2f5c22124112c2980c4c3de890e6a834949a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0538, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.653, \"target_holdings\": 2.0747}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 1.07, \"order_type\": \"limit\", \"limit_price\": 4.6297, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.07, "order_type": "limit", "limit_price": 4.6297, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015730857849121094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 6, "run": 1}} {"ts": 1793143109.568318, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "63fda0845f2716596ccb755f67869c740476802749bd8fd94c416809e12a06e4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6552, \"target_holdings\": 2.7003}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 1.7, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.7, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0054209232330322266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 2, "run": 1}} {"ts": 1793143109.571095, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a7005aca48dbb8302882a4a60586a79459d26eb99772d9ffc5d615f8548da1d5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5658}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023348331451416016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 7, "run": 1}} {"ts": 1793143109.573801, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ba6821c51919df5f96a846fc932177bf390a28dbb4c0dce70a884dd1875a64ec", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0468, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6461, \"target_holdings\": 0.0907}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.91, \"order_type\": \"limit\", \"limit_price\": 4.6693, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.91, "order_type": "limit", "limit_price": 4.6693, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023169517517089844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 4, "run": 1}} {"ts": 1793143109.576581, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fe8f0af81e7a92b5968b3ccf626cfdb724d570f04eedd89465400d43f98bd876", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.054, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6533, \"target_holdings\": 2.1407}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 1.14, \"order_type\": \"limit\", \"limit_price\": 4.63, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.14, "order_type": "limit", "limit_price": 4.63, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002447843551635742, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 5, "run": 1}} {"ts": 1793143109.579736, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cf5c3dea83cfb0af7839fccf76552d08fd20a8834f943c59f3e593897c37a4d8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0529, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6521, \"target_holdings\": 1.8186}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.82, \"order_type\": \"limit\", \"limit_price\": 4.6288, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.82, "order_type": "limit", "limit_price": 4.6288, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024340152740478516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 0, "run": 1}} {"ts": 1793143109.581791, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "55ea2555f8a960f758864fcd5dda75a134a8eaeaa59f4666d5373f1c0573510e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.058, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6572, \"target_holdings\": 3.2605}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 2.26, \"order_type\": \"limit\", \"limit_price\": 4.6339, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.26, "order_type": "limit", "limit_price": 4.6339, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001712799072265625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 7, "run": 1}} {"ts": 1793143109.583626, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "06b56adac0593ed3e85cdff481727a3b60a3db4906db99634f32ab9037f33ddd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6552, \"target_holdings\": 2.6979}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.7, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.7, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015959739685058594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 4, "run": 1}} {"ts": 1793143109.5854158, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d44fd70e28a04b2c818f061ee8c3d169619697a3029452daea3b4e441fceb34d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0552, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6544, \"target_holdings\": 2.4791}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 1.48, \"order_type\": \"limit\", \"limit_price\": 4.6311, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.48, "order_type": "limit", "limit_price": 4.6311, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015909671783447266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 3, "run": 1}} {"ts": 1793143109.5890079, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8eb4ab3e7bf68f09833dcab773587dd7c414232c357475235e7a8b6fec56ee4e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0558, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.655, \"target_holdings\": 2.6303}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 1.63, \"order_type\": \"limit\", \"limit_price\": 4.6317, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.63, "order_type": "limit", "limit_price": 4.6317, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0033829212188720703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 5, "run": 1}} {"ts": 1793143109.591836, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "87b1986b240f6e15755ab1d9542d8392e0691c539d4c8931a2b4c5bdbdae29a3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0553, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6546, \"target_holdings\": 2.5088}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 1.51, \"order_type\": \"limit\", \"limit_price\": 4.6313, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.51, "order_type": "limit", "limit_price": 4.6313, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017790794372558594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 1, "run": 1}} {"ts": 1793143109.593693, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dc38c45a50c81b9de6894f2ceb832e941a230e2876c6d9ed4437b3903084fb42", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0536, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6528, \"target_holdings\": 2.0184}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 1.02, \"order_type\": \"limit\", \"limit_price\": 4.6295, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.02, "order_type": "limit", "limit_price": 4.6295, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016121864318847656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 6, "run": 1}} {"ts": 1793143109.595501, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e34f59a12f7b20f80754fa05c4338d7656b614a1fef41378d4a315c5bdcfb7d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0519, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6511, \"target_holdings\": 1.5233}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.52, \"order_type\": \"limit\", \"limit_price\": 4.6278, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.52, "order_type": "limit", "limit_price": 4.6278, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001615285873413086, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 2, "run": 1}} {"ts": 1793143109.598303, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2d8fb84727e1652cbec86de2db75ef36e6e04820161929877276207e4672b668", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0552, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6544, \"target_holdings\": 2.465}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 1.46, \"order_type\": \"limit\", \"limit_price\": 4.6311, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.46, "order_type": "limit", "limit_price": 4.6311, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024271011352539062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 7, "run": 1}} {"ts": 1793143109.602164, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "80b8e8e75f99d657b455575b64a31931d459361ce1616858542660dac644f4c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0495, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6488, \"target_holdings\": 0.8662}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.13, \"order_type\": \"limit\", \"limit_price\": 4.672, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.13, "order_type": "limit", "limit_price": 4.672, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018072128295898438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 4, "run": 1}} {"ts": 1793143109.604033, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cf2594167e686229ec05fd60fb57cd7574d4d04f6e74f4d30d01e53e6cca161e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0545, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6537, \"target_holdings\": 2.2586}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 1.26, \"order_type\": \"limit\", \"limit_price\": 4.6304, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.26, "order_type": "limit", "limit_price": 4.6304, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016179084777832031, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 3, "run": 1}} {"ts": 1793143109.6066298, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2aaa01b3d3ae374ce309dd74f31ab5b9efcd77ae44673696e6b135aa98fba34d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0472, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6465, \"target_holdings\": 0.2222}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 0.78, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.78, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023641586303710938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 6, "run": 1}} {"ts": 1793143109.609108, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "506ebd6df92d5b5751397e44e5e17cc5ad0c719fdcbd65929a8d24e222ff4632", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0551, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6543, \"target_holdings\": 2.4387}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 1.44, \"order_type\": \"limit\", \"limit_price\": 4.631, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.44, "order_type": "limit", "limit_price": 4.631, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022208690643310547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 0, "run": 1}} {"ts": 1793143109.614362, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9b336e13ceaf79d9c805a7a58046c8ff7df08b68cdb84652c96efe0bfb70eac1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.055, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6543, \"target_holdings\": 2.4251}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 1.43, \"order_type\": \"limit\", \"limit_price\": 4.631, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.43, "order_type": "limit", "limit_price": 4.631, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002780914306640625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 5, "run": 1}} {"ts": 1793143109.617959, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "00fef261c12f527f501c590a839cb62a2e0e04e3001d3020e007b30066b7c6a2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0528, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.652, \"target_holdings\": 1.7947}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 0.79, \"order_type\": \"limit\", \"limit_price\": 4.6287, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.79, "order_type": "limit", "limit_price": 4.6287, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002866029739379883, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 1, "run": 1}} {"ts": 1793143109.620637, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "24d57d55773d7230a9d1415d2aa58a2c417eda4a36dc09d60b194043241fddb4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6475, \"target_holdings\": 0.5085}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 0.49, \"order_type\": \"limit\", \"limit_price\": 4.6707, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.49, "order_type": "limit", "limit_price": 4.6707, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022420883178710938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 2, "run": 1}} {"ts": 1793143109.623512, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "92d037d2422358d4c0f6560f5e36b8cbdfa827160fa3a399ae1b7e1c201a406d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0482, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6474, \"target_holdings\": 0.4813}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.52, \"order_type\": \"limit\", \"limit_price\": 4.6706, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.52, "order_type": "limit", "limit_price": 4.6706, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022649765014648438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 7, "run": 1}} {"ts": 1793143109.626087, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a3278e8435530d8439ce9092be4a340fb5e966176e29d5a4183e6d920be7a7ea", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0424, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6417, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6649, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6649, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022339820861816406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 1, "run": 1}} {"ts": 1793143109.6286988, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "70dc6c33696ce56ee664c2ae35345887ff6048a64a79c2f8dea39ae4166cfc4e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0434, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6428, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.666, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.666, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022411346435546875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 5, "run": 1}} {"ts": 1793143109.631253, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "639218fbcd76042b81f55cca8f79b921e138da13f603f8b4d3e859b3b4dd4911", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.44, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.44, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022437572479248047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 4, "run": 1}} {"ts": 1793143109.633806, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "445515f40ff4b82c62510c7f49fa6874f95d8d935fb5686906f770c0a03de6d9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0476, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6469, \"target_holdings\": 0.317}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.68, \"order_type\": \"limit\", \"limit_price\": 4.6701, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.68, "order_type": "limit", "limit_price": 4.6701, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022149085998535156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 3, "run": 1}} {"ts": 1793143109.636085, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1474c946726476c74f7dde60665cba41b12b21135cee1c9640d1de6b0c806105", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019669532775878906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 2, "run": 1}} {"ts": 1793143109.638069, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "54a8e4ab1802a31239e4e18118a74e07f68ba703d9102fdbad054d38e32fe091", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0473, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6466, \"target_holdings\": 0.2332}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 0.77, \"order_type\": \"limit\", \"limit_price\": 4.6698, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.77, "order_type": "limit", "limit_price": 4.6698, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017137527465820312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 0, "run": 1}} {"ts": 1793143109.639951, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "15572ad35c68329ac4d8cab749e5cfac455281f4742ecc4689221308c8c8dbcb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0429, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6423, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6655, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6655, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016770362854003906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 6, "run": 1}} {"ts": 1793143109.6420789, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d9a6ddb0d2069f5244120d9cea3818b362ce7b39a440cccbec5ea4da956ae129", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0542, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6534, \"target_holdings\": 2.1895}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.19, \"order_type\": \"limit\", \"limit_price\": 4.6301, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.19, "order_type": "limit", "limit_price": 4.6301, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017287731170654297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 4, "run": 1}} {"ts": 1793143109.643968, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "207cc40e8f80f36a17f1bf4b97d4b5ed97df79c46deba5893147ae10db8e7150", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0541, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6534, \"target_holdings\": 2.1682}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 1.17, \"order_type\": \"limit\", \"limit_price\": 4.6301, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.17, "order_type": "limit", "limit_price": 4.6301, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001689910888671875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 1, "run": 1}} {"ts": 1793143109.6523578, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e3078a48e39149da5f0483c843f20cccc8fb451626c705faef82f2c06cda5b6b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5663}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.57, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.57, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.008177995681762695, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 6, "run": 1}} {"ts": 1793143109.6552682, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f7a6c3e6a2137deb98997664752632094abab0b5c7734191dcf903277d276bb1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0466, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6459, \"target_holdings\": 0.0405}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.96, \"order_type\": \"limit\", \"limit_price\": 4.6691, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.96, "order_type": "limit", "limit_price": 4.6691, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024309158325195312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 3, "run": 1}} {"ts": 1793143109.65871, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7cdcabdc358b68bfe577ac724b1dac995c7dc8123a61b76868a3eb7855f6dac4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0513, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6506, \"target_holdings\": 1.3752}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.38, \"order_type\": \"limit\", \"limit_price\": 4.6273, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.38, "order_type": "limit", "limit_price": 4.6273, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003021717071533203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 0, "run": 1}} {"ts": 1793143109.661962, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d9ea45616d98a2b207d3175a919044e34fe6451b1b19eae725b72622401acd16", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.05, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6492, \"target_holdings\": 0.9867}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.01, \"order_type\": \"limit\", \"limit_price\": 4.6724, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.01, "order_type": "limit", "limit_price": 4.6724, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002885103225708008, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 7, "run": 1}} {"ts": 1793143109.664821, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "826239a71cd7d8b4af79dcebef4350c99378e7c72ce80a75eb65447c35efa30b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0581, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6573, \"target_holdings\": 3.2851}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 2.29, \"order_type\": \"limit\", \"limit_price\": 4.634, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.29, "order_type": "limit", "limit_price": 4.634, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023550987243652344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 5, "run": 1}} {"ts": 1793143109.6674712, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f5d01180a4d6d5989f48c239a7795d627156dda4233e2d0a8a38e110e7980773", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0562, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6554, \"target_holdings\": 2.7599}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 1.76, \"order_type\": \"limit\", \"limit_price\": 4.6321, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.76, "order_type": "limit", "limit_price": 4.6321, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022988319396972656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 2, "run": 1}} {"ts": 1793143109.670481, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3ac3b314e9b5f038188bca5dd0217407a38fdf47c87006057777afc6c39f9f88", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0559, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6551, \"target_holdings\": 2.6636}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 1.66, \"order_type\": \"limit\", \"limit_price\": 4.6318, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.66, "order_type": "limit", "limit_price": 4.6318, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023779869079589844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 2, "run": 1}} {"ts": 1793143109.67556, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3143c99729faded616cf76bf5a4f0361c5fddd094879a7c9d30c34e4a6b80d76", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0554, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6546, \"target_holdings\": 2.5275}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 1.53, \"order_type\": \"limit\", \"limit_price\": 4.6313, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.53, "order_type": "limit", "limit_price": 4.6313, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0028350353240966797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 7, "run": 1}} {"ts": 1793143109.6791701, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8e61d939f0db6484dd22c759720e293254db3638ccbea6a588c4b93b1f431e65", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0519, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6511, \"target_holdings\": 1.5278}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.53, \"order_type\": \"limit\", \"limit_price\": 4.6278, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.53, "order_type": "limit", "limit_price": 4.6278, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0030977725982666016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 5, "run": 1}} {"ts": 1793143109.6818671, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6d59c1b5f3cb2d361e5ed5324c136bd64a5fea9c85520127f5759a57867c0201", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0553, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6545, \"target_holdings\": 2.5014}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 1.5, \"order_type\": \"limit\", \"limit_price\": 4.6312, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.5, "order_type": "limit", "limit_price": 4.6312, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023200511932373047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 0, "run": 1}} {"ts": 1793143109.68897, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "68a8f7e13c0c5cedd2a13674b481cdad8848b3a51aded40018dfe11e9e8bf2ad", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0505, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6498, \"target_holdings\": 1.1486}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.15, \"order_type\": \"limit\", \"limit_price\": 4.6266, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.15, "order_type": "limit", "limit_price": 4.6266, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.006738185882568359, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 6, "run": 1}} {"ts": 1793143109.692946, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c90a7296c04ee0ce12571b3cabaee2244e66596cb243e70238a18696f2d143b4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0509, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6502, \"target_holdings\": 1.2622}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.26, \"order_type\": \"limit\", \"limit_price\": 4.6269, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.26, "order_type": "limit", "limit_price": 4.6269, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0035562515258789062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 3, "run": 1}} {"ts": 1793143109.694984, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6914d4a8c08e3af53139a9545034bb80996ffa2f3d2d3868890dbe514d036a2c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0533, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6525, \"target_holdings\": 1.9382}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 0.94, \"order_type\": \"limit\", \"limit_price\": 4.6292, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.94, "order_type": "limit", "limit_price": 4.6292, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017390251159667969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 1, "run": 1}} {"ts": 1793143109.696874, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3c8b9a0e7b72929059e51582dd868896ff5c6f3f8930a866ef89ca619e321523", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0464, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6457, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6689, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6689, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016808509826660156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 4, "run": 1}} {"ts": 1793143109.699005, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "14ff567d68193d1b048bebc9e11ca5c4c36e647df0d45c87455dafafcd70ecf7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0502, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6494, \"target_holdings\": 1.0466}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.05, \"order_type\": \"limit\", \"limit_price\": 4.6262, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.05, "order_type": "limit", "limit_price": 4.6262, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017168521881103516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 6, "run": 1}} {"ts": 1793143109.700856, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2be115ae111713eb6e1a6ed3bd2122d9e96afc928627e7cb39184122e501a53b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5509}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 0.55, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.55, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016632080078125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 7, "run": 1}} {"ts": 1793143109.7027378, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6ad9b54e3128d1985fd5003e35ddc53bc5c22e43d5711e29d97eec1fd3afb2fc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0476, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6469, \"target_holdings\": 0.3249}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 0.68, \"order_type\": \"limit\", \"limit_price\": 4.6701, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.68, "order_type": "limit", "limit_price": 4.6701, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016701221466064453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 5, "run": 1}} {"ts": 1793143109.7045388, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3e2a45b60ee45ebe4abd3df4e31839ef1076f3867a21379eb01105c403f0938c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0509, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6502, \"target_holdings\": 1.2664}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.27, \"order_type\": \"limit\", \"limit_price\": 4.6269, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.27, "order_type": "limit", "limit_price": 4.6269, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016293525695800781, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 0, "run": 1}} {"ts": 1793143109.7063081, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b800a82961350882dc85c25e963eb43b33a5c37b3e70ca729a81286cd7847209", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0436, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.643, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6662, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6662, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015840530395507812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 1, "run": 1}} {"ts": 1793143109.708022, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fc54f059242f99f846b8cca8d6fb49e5f598d86efb70acc68174391261f05ae6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0537, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6529, \"target_holdings\": 2.0457}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 1.05, \"order_type\": \"limit\", \"limit_price\": 4.6296, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.05, "order_type": "limit", "limit_price": 4.6296, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015361309051513672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 3, "run": 1}} {"ts": 1793143109.7106829, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0e02b526588ec8a5aa4002a0f54393947f52225388440f81f5275058cfef8a2d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0454, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6447, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6679, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6679, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002499103546142578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 2, "run": 1}} {"ts": 1793143109.713341, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "461117b5fb51d0273e3977d766fbd73ea41af8e4a02373cb156a551be06cd2b1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0529, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6521, \"target_holdings\": 1.8153}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.82, \"order_type\": \"limit\", \"limit_price\": 4.6288, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.82, "order_type": "limit", "limit_price": 4.6288, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022530555725097656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 4, "run": 1}} {"ts": 1793143109.71623, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8c41a4b16013e8b8684567e5d818d63298de199964b1f3e0d14291c9ece3c321", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0441, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002351999282836914, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 6, "run": 1}} {"ts": 1793143109.719052, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b3e2b0d5b0fb3e795a2ec9484d7862daf2f117bda79f871bd832cd70be0c9ff7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0566, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6558, \"target_holdings\": 2.8753}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 1.88, \"order_type\": \"limit\", \"limit_price\": 4.6325, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.88, "order_type": "limit", "limit_price": 4.6325, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002444744110107422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 1, "run": 1}} {"ts": 1793143109.721704, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cc7ea58796f1a17882f53699a3ed7ade825d125d2ceaca46dcb9dc4edc1a784c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.055, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6542, \"target_holdings\": 2.4148}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 1.41, \"order_type\": \"limit\", \"limit_price\": 4.6309, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.41, "order_type": "limit", "limit_price": 4.6309, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023081302642822266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 0, "run": 1}} {"ts": 1793143109.72381, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f6c7476266e93400a355db8738438dede01d5f665927074d25763013ac79d08b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0526, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6518, \"target_holdings\": 1.7293}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 0.73, \"order_type\": \"limit\", \"limit_price\": 4.6285, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.73, "order_type": "limit", "limit_price": 4.6285, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001714944839477539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 7, "run": 1}} {"ts": 1793143109.725652, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "15adc8dd087e04f66c650e746eab3f26376a4f0039c56941e9189607fecccb95", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0542, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6534, \"target_holdings\": 2.1755}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 1.18, \"order_type\": \"limit\", \"limit_price\": 4.6301, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.18, "order_type": "limit", "limit_price": 4.6301, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016169548034667969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 2, "run": 1}} {"ts": 1793143109.727448, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4ea2ca975a98ad3e7b55fa20e10f3ca9f40301d0d004a944c4248858b8652226", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0521, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6513, \"target_holdings\": 1.5936}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.59, \"order_type\": \"limit\", \"limit_price\": 4.628, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.59, "order_type": "limit", "limit_price": 4.628, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015819072723388672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 4, "run": 1}} {"ts": 1793143109.731828, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dd660a0815b4e32bd8aa81178506bb2c6f712c8ba4ce1a3f2b10883a876c0907", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0574, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6565, \"target_holdings\": 3.078}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 2.08, \"order_type\": \"limit\", \"limit_price\": 4.6332, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.08, "order_type": "limit", "limit_price": 4.6332, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00418400764465332, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 5, "run": 1}} {"ts": 1793143109.734248, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "afcb9d1f49440dcae5ee335fb9a8f7a05a9865dc9d8e3eed500c25825af59ad4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0528, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.652, \"target_holdings\": 1.7788}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.78, \"order_type\": \"limit\", \"limit_price\": 4.6287, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.78, "order_type": "limit", "limit_price": 4.6287, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018329620361328125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 3, "run": 1}} {"ts": 1793143109.736359, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f264f6acc89be0d9280ec4df92dbf33c92cbd51b0284d23b3e37797b1fb7c2eb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0563, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6555, \"target_holdings\": 2.7762}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 1.78, \"order_type\": \"limit\", \"limit_price\": 4.6322, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.78, "order_type": "limit", "limit_price": 4.6322, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016849040985107422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 6, "run": 1}} {"ts": 1793143109.738218, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "16bff01174cbcdc8320f42f1724f1db2be0c70753589c95a880b3a17b85445eb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0549, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6542, \"target_holdings\": 2.3965}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 1.4, \"order_type\": \"limit\", \"limit_price\": 4.6309, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.4, "order_type": "limit", "limit_price": 4.6309, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016319751739501953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 2, "run": 1}} {"ts": 1793143109.740033, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ed2b431d8cf837f9f2552a37d7d6e2c81d7c6497cff58eeb9115318187993443", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0479, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.4112}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.59, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.59, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016160011291503906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 1, "run": 1}} {"ts": 1793143109.744983, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "68e79cff9c68e0da6e8235732783cab172cd26bbf809bddfe3cc5346629d6f3f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6503, \"target_holdings\": 1.2853}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.29, \"order_type\": \"limit\", \"limit_price\": 4.627, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.29, "order_type": "limit", "limit_price": 4.627, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0047419071197509766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 3, "run": 1}} {"ts": 1793143109.746915, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d169061ec5cbfac8b9dba0a89b9917611029accf03cb8570a10324751740ae61", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0531, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6523, \"target_holdings\": 1.8788}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.88, \"order_type\": \"limit\", \"limit_price\": 4.629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.88, "order_type": "limit", "limit_price": 4.629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001628875732421875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 5, "run": 1}} {"ts": 1793143109.7486908, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8e37d12c9e11776889e292fefb4802f055dfa5db27773a19f966c354a21e5d30", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0585, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6577, \"target_holdings\": 3.3969}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 2.4, \"order_type\": \"limit\", \"limit_price\": 4.6344, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.4, "order_type": "limit", "limit_price": 4.6344, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015630722045898438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 7, "run": 1}} {"ts": 1793143109.7504158, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "410a2014ad0d335922637ee0f30ad17a72d262fb041787f033051e8c81d68c44", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 2.9945}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.99, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.99, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015549659729003906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 4, "run": 1}} {"ts": 1793143109.752179, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "511b69a80c6acc697e9615f0c7eac78c0aac4803883c1edae486443ebfbeeb3f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0537, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.653, \"target_holdings\": 2.0579}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 1.06, \"order_type\": \"limit\", \"limit_price\": 4.6297, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.06, "order_type": "limit", "limit_price": 4.6297, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015690326690673828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 0, "run": 1}} {"ts": 1793143109.754145, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ab67a4a6010fcfee973ed44ae1947c85330bfc9245c7036c0d9bb838b309b25e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0546, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6538, \"target_holdings\": 2.2909}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 1.29, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.29, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016279220581054688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 0, "run": 1}} {"ts": 1793143109.756314, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8684340349dc28a973f6b717e65c09f272028319f7d46e5950c5c41f1bded184", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0536, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6528, \"target_holdings\": 2.0214}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 1.02, \"order_type\": \"limit\", \"limit_price\": 4.6295, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.02, "order_type": "limit", "limit_price": 4.6295, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001971006393432617, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 6, "run": 1}} {"ts": 1793143109.7581701, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "68b91862bfaf9f0afc9b44a08711fb604bd965de8e3333cee3674c63c135e22b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0523, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6515, \"target_holdings\": 1.6424}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 0.64, \"order_type\": \"limit\", \"limit_price\": 4.6282, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.64, "order_type": "limit", "limit_price": 4.6282, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001627206802368164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 7, "run": 1}} {"ts": 1793143109.759958, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "01a08a0ed9564a501309f081be6301cb6b32bf3a36fec456a95b43009968d579", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.047, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6463, \"target_holdings\": 0.1486}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 0.85, \"order_type\": \"limit\", \"limit_price\": 4.6695, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.85, "order_type": "limit", "limit_price": 4.6695, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015769004821777344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 2, "run": 1}} {"ts": 1793143109.7617202, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f8823f8275f3acd4e957f150cca708228aeb6df6891cfcdd7c027c49271299f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0503, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6495, \"target_holdings\": 1.081}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.08, \"order_type\": \"limit\", \"limit_price\": 4.6263, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.08, "order_type": "limit", "limit_price": 4.6263, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015850067138671875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 5, "run": 1}} {"ts": 1793143109.7635021, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "601142d5636c754017185838fef87551455e70219fd848f623ea8fbcee648f9c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0495, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6488, \"target_holdings\": 0.8697}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.13, \"order_type\": \"limit\", \"limit_price\": 4.672, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.13, "order_type": "limit", "limit_price": 4.672, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015931129455566406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 1, "run": 1}} {"ts": 1793143109.76526, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8db28aceefe50005b9bc784f25aa6b3cd665070c579210c27ea4cf51b0be78d9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0526, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6518, \"target_holdings\": 1.7328}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.73, \"order_type\": \"limit\", \"limit_price\": 4.6285, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.73, "order_type": "limit", "limit_price": 4.6285, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001580953598022461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 4, "run": 1}} {"ts": 1793143109.776053, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a0609c93b11fa97df28250aee9cb634a458eb25d42a10880a3792c6c7000b18b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0601, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6592, \"target_holdings\": 3.8383}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 2.84, \"order_type\": \"limit\", \"limit_price\": 4.6359, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.84, "order_type": "limit", "limit_price": 4.6359, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024979114532470703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 3, "run": 1}} {"ts": 1793143109.778919, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "982712f30563fc85206b483a446cbf72d649fa309d6e408d66a20087b37bea2a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0561, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6553, \"target_holdings\": 2.7322}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 1.73, \"order_type\": \"limit\", \"limit_price\": 4.632, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.73, "order_type": "limit", "limit_price": 4.632, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022530555725097656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 0, "run": 1}} {"ts": 1793143109.781448, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cdc3e04a8f33ea3fa6cb428658ac471ddce4f05d58708231ef6a47a9d39980c3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0528, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.652, \"target_holdings\": 1.7855}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.79, \"order_type\": \"limit\", \"limit_price\": 4.6287, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.79, "order_type": "limit", "limit_price": 4.6287, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002167940139770508, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 2, "run": 1}} {"ts": 1793143109.784031, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "452adb6104d922620ff6da2d0f394debb70ead95fa2a9bffda0caa076f8f77d0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0554, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6546, \"target_holdings\": 2.5219}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 1.52, \"order_type\": \"limit\", \"limit_price\": 4.6313, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.52, "order_type": "limit", "limit_price": 4.6313, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022912025451660156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 6, "run": 1}} {"ts": 1793143109.7868311, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "04ed37ab5dbb03b8a97cefd6c3ba188659588bd31dee65d31d7adbb7afd9c54d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0588, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.658, \"target_holdings\": 3.4908}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 2.49, \"order_type\": \"limit\", \"limit_price\": 4.6347, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.49, "order_type": "limit", "limit_price": 4.6347, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022950172424316406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 7, "run": 1}} {"ts": 1793143109.789443, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dd29be0cc024d1d2ff582a00cd59a12349119396bc025c0bfdbb8564ac931b25", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0546, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6538, \"target_holdings\": 2.3002}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.3, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.3, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002246856689453125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 4, "run": 1}} {"ts": 1793143109.7920141, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "86a5daff4aa31b7a544e6ef694af6a93888063f6a520505a2fe0484397a4c436", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0529, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6521, \"target_holdings\": 1.8083}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 0.81, \"order_type\": \"limit\", \"limit_price\": 4.6288, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.81, "order_type": "limit", "limit_price": 4.6288, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022029876708984375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 1, "run": 1}} {"ts": 1793143109.79454, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "84b1aae592f806aff51111e3b52ddfdd58876e8d316d8be15d284e94278a7dec", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9631}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022079944610595703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 3, "run": 1}} {"ts": 1793143109.801697, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a9489c8125d723b6b21a274c2fc6a29f8463636c470297cde01b49a227239b9c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0486, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6479, \"target_holdings\": 0.6026}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 0.4, \"order_type\": \"limit\", \"limit_price\": 4.6711, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.4, "order_type": "limit", "limit_price": 4.6711, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.006814002990722656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 5, "run": 1}} {"ts": 1793143109.803884, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "63e272630a8357566b573dcee0c3b0c5d53d60f46e7a08c99960f21bafc9d2e0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0422, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6415, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6647, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6647, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017299652099609375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 1, "run": 1}} {"ts": 1793143109.805706, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "138dc492496d52b0390acfadcc775bddcb949049d3643d719de4daafe41f08bb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015990734100341797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 0, "run": 1}} {"ts": 1793143109.807446, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b27895b8f8962b3da88bd083ad18b412534d5affa5aa39c1acc7ce209f14ecb7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0623, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6614, \"target_holdings\": 4.4635}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 3.46, \"order_type\": \"limit\", \"limit_price\": 4.6381, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.46, "order_type": "limit", "limit_price": 4.6381, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015649795532226562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 3, "run": 1}} {"ts": 1793143109.809164, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f363d01ac1eb259812c942541c021806dd2130f6f5ff2298f9bbdb60c0ce84c7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0545, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6538, \"target_holdings\": 2.2831}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 1.28, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.28, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015439987182617188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 2, "run": 1}} {"ts": 1793143109.8124008, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7e1e4318b08852af5b545c87c22cdcc3a0e1ddb34cbe2de85b6046378d31358f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0487, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.648, \"target_holdings\": 0.6372}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.36, \"order_type\": \"limit\", \"limit_price\": 4.6712, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.36, "order_type": "limit", "limit_price": 4.6712, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0030732154846191406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 7, "run": 1}} {"ts": 1793143109.8150558, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dc10976f0b44bb225854986cbee40869711a47a923386a5b3544c63bfe4393ed", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0481, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6474, \"target_holdings\": 0.4563}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.54, \"order_type\": \"limit\", \"limit_price\": 4.6706, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.54, "order_type": "limit", "limit_price": 4.6706, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002271890640258789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 4, "run": 1}} {"ts": 1793143109.8176808, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "269727c035e15cdfcfe1520612c9786d4446a9dd30bd0a0513b0fd0ba25e9e07", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0544, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6536, \"target_holdings\": 2.2516}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 1.25, \"order_type\": \"limit\", \"limit_price\": 4.6303, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.25, "order_type": "limit", "limit_price": 4.6303, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022678375244140625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 6, "run": 1}} {"ts": 1793143109.820269, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "db32e10ea06c2e5d9bfc39e7609e77e0e468ceb0498655900547646f497b6189", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0471, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6464, \"target_holdings\": 0.1743}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 0.83, \"order_type\": \"limit\", \"limit_price\": 4.6696, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.83, "order_type": "limit", "limit_price": 4.6696, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002273082733154297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 5, "run": 1}} {"ts": 1793143109.823182, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f26548cadd80508acbccb3901bd672fe2b15c76d2f2c30e483a61d60584e735b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023207664489746094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 3, "run": 1}} {"ts": 1793143109.825719, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e6d16db5727fa5e5e3cf2d88772669655556e43ae1b659f153cd0a8ff9415bb1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6437, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002218961715698242, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 6, "run": 1}} {"ts": 1793143109.8282938, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "acdbfcf95e05abef9c01f73e5fc7a116814123b78a9defb65d92bbcd04cdc364", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0465, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6458, \"target_holdings\": 0.0086}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.99, \"order_type\": \"limit\", \"limit_price\": 4.669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.99, "order_type": "limit", "limit_price": 4.669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022399425506591797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 7, "run": 1}} {"ts": 1793143109.830911, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0a567bc158c51d86cd33f783880716d137017b13fcfc029f9df83f8fb2480a6a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6492, \"target_holdings\": 0.9704}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 0.03, \"order_type\": \"limit\", \"limit_price\": 4.6724, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.03, "order_type": "limit", "limit_price": 4.6724, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023012161254882812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 2, "run": 1}} {"ts": 1793143109.833546, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ed57ad54061d08ee4157a68604bf8aec066a15c0fbe131ded8604c9f328e3d59", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0489, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6481, \"target_holdings\": 0.6835}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.32, \"order_type\": \"limit\", \"limit_price\": 4.6713, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.32, "order_type": "limit", "limit_price": 4.6713, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002299785614013672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 4, "run": 1}} {"ts": 1793143109.836477, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1e28ae8ad6acfe14c45a9e82eba49d89adc7d2f40ef3e6cee4aa8f79c59839c2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0457, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.645, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6682, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6682, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002485990524291992, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 0, "run": 1}} {"ts": 1793143109.839235, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "045a08ef9fa15eb43af620f41cce9531a6c3e16c1f738387dbb489a504ad3683", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0471, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6463, \"target_holdings\": 0.1704}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 0.83, \"order_type\": \"limit\", \"limit_price\": 4.6695, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.83, "order_type": "limit", "limit_price": 4.6695, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002321958541870117, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 5, "run": 1}} {"ts": 1793143109.841866, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a954deb2460b1095333117020bee258ad06f843ab685db0d06abd1b43eb39aeb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0464, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6457, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6689, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6689, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002296924591064453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 1, "run": 1}} {"ts": 1793143109.844573, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c257372a4b53409b9fe412c2673e0b30b980b168c71546b66cb344cfe85d630", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0471, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6463, \"target_holdings\": 0.1687}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 0.83, \"order_type\": \"limit\", \"limit_price\": 4.6695, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.83, "order_type": "limit", "limit_price": 4.6695, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021240711212158203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 5, "run": 1}} {"ts": 1793143109.8463979, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5ece02a6de28d1da31efa7addb0ff6812cbebe44189e16429f8b274781168d92", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0429, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015840530395507812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 3, "run": 1}} {"ts": 1793143109.8481789, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7b963462c5bcac288ad97d9c4c6563c2377c04506aebd699ecafbe36938c6824", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0435, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6428, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.666, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.666, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015478134155273438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 0, "run": 1}} {"ts": 1793143109.8502772, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8c5185319c68a2bc422576f387a05644d4ade894c3cb2b39982a28c23ea0c0dd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6421, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6653, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6653, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019168853759765625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 2, "run": 1}} {"ts": 1793143109.852826, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ef17980f684faa3d6b0a311eb4e6b47d41cc692e98bd75db15fee40ff4170625", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0531, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6523, \"target_holdings\": 1.8738}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.87, \"order_type\": \"limit\", \"limit_price\": 4.629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.87, "order_type": "limit", "limit_price": 4.629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023169517517089844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 4, "run": 1}} {"ts": 1793143109.855319, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ca59d59504c4ba01d0b40a4bac7cca9ece2ff0ec848f736ef4d41abff80f25d1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8063}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022780895233154297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 7, "run": 1}} {"ts": 1793143109.857951, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e9d6ce48028c9b095df5b54af90bbbba4818c0e8322c58c030950bf91e669534", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0473, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6466, \"target_holdings\": 0.2361}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.76, \"order_type\": \"limit\", \"limit_price\": 4.6698, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.76, "order_type": "limit", "limit_price": 4.6698, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002251863479614258, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 1, "run": 1}} {"ts": 1793143109.8605828, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "23c59617a641f418f302febc87457128f0836536ea8417624563da0a5d52fc9c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0471, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6463, \"target_holdings\": 0.1679}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 0.83, \"order_type\": \"limit\", \"limit_price\": 4.6695, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.83, "order_type": "limit", "limit_price": 4.6695, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002315044403076172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 6, "run": 1}} {"ts": 1793143109.863447, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6aa27f648b3e04c062849c7d4a842ecb055e463317289fb2650ccf18432ed602", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0433, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6426, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002290010452270508, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 4, "run": 1}} {"ts": 1793143109.866017, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "96fefd553b2a13d1183bbe99a1565159c62c3de740532a168a2486d82140d2e6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0455, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6448, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.668, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.668, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022590160369873047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 6, "run": 1}} {"ts": 1793143109.8682802, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fd0df447ffc694ab1c83816051bcccd091b44a99d45954d52afa5bc34d13ee8a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0462, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6455, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6687, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6687, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019290447235107422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 0, "run": 1}} {"ts": 1793143109.870306, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d6a9a1314400de582e274eb5a710a2da72e4f3a713d5b758c5513eda50880399", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0496, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6489, \"target_holdings\": 0.8881}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 0.11, \"order_type\": \"limit\", \"limit_price\": 4.6721, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.11, "order_type": "limit", "limit_price": 4.6721, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017359256744384766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 2, "run": 1}} {"ts": 1793143109.872743, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "370bde8181c4001e93172aba2cbbadc66a79f0b7325aefafbc8974cbb6cd11a3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0512, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6505, \"target_holdings\": 1.349}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.35, \"order_type\": \"limit\", \"limit_price\": 4.6272, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.35, "order_type": "limit", "limit_price": 4.6272, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002079010009765625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 5, "run": 1}} {"ts": 1793143109.874641, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "40be074ef77386d316eeb5215f1648ace0284e1fb064b4a3c9ac890964819a06", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.049, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6483, \"target_holdings\": 0.727}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.27, \"order_type\": \"limit\", \"limit_price\": 4.6715, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.27, "order_type": "limit", "limit_price": 4.6715, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016603469848632812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 3, "run": 1}} {"ts": 1793143109.876469, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e1c23ab478ed17a330667080ca541e131f3b660df098787a26c89fa4ce875de6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.047, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6463, \"target_holdings\": 0.15}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.85, \"order_type\": \"limit\", \"limit_price\": 4.6695, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.85, "order_type": "limit", "limit_price": 4.6695, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016291141510009766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 1, "run": 1}} {"ts": 1793143109.880314, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "05248dfc447a0b5603ed870720dbc2667e270d751400e1e9146f3c8a50e7209a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0437, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.643, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6662, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6662, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023767948150634766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 7, "run": 1}} {"ts": 1793143109.8839989, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0cfe9c5818947dc537cc1dd61989fe4d1fda18917eecd06d1360a1bb18836574", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0514, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6507, \"target_holdings\": 1.4009}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.4, \"order_type\": \"limit\", \"limit_price\": 4.6274, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.4, "order_type": "limit", "limit_price": 4.6274, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003064870834350586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 6, "run": 1}} {"ts": 1793143109.8859258, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fa0baf48b0057da9e55a8cc8488b8b5091d9c73c6f6c290e7ef7bb5f7235f93a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0478, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6471, \"target_holdings\": 0.3859}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 0.61, \"order_type\": \"limit\", \"limit_price\": 4.6703, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.61, "order_type": "limit", "limit_price": 4.6703, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016791820526123047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 0, "run": 1}} {"ts": 1793143109.8878279, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "62df5abae6d0dfe8f1fd56467b83beb8435ce53e00ccd08ffb875f9c40eb3594", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0521, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6513, \"target_holdings\": 1.5834}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.58, \"order_type\": \"limit\", \"limit_price\": 4.628, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.58, "order_type": "limit", "limit_price": 4.628, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017039775848388672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 4, "run": 1}} {"ts": 1793143109.892436, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "298b5b98272e735d228e93690c5217824f43121aa91732d01254b52de255dc81", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0429, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004433155059814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 5, "run": 1}} {"ts": 1793143109.8977401, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4c44c1f18316329d0df780c947db718ce8fd56bd0c215ebe774c51627aa70942", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0467, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.646, \"target_holdings\": 0.0753}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.92, \"order_type\": \"limit\", \"limit_price\": 4.6692, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.92, "order_type": "limit", "limit_price": 4.6692, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004706859588623047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 3, "run": 1}} {"ts": 1793143109.8998241, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a4a3e983794a5d36b2dd2054e7eb6faf4a641dac61ed93d9cc17e987fe8cb4c2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.055, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6542, \"target_holdings\": 2.4184}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 1.42, \"order_type\": \"limit\", \"limit_price\": 4.6309, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.42, "order_type": "limit", "limit_price": 4.6309, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017671585083007812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 7, "run": 1}} {"ts": 1793143109.90178, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7b414942afb5a8cbd1af1c4531507da1b446299c8f2683d483c433baf7349489", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9617}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017108917236328125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 1, "run": 1}} {"ts": 1793143109.905153, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "467a6dc98b94a533b55331f2685f717b3ec30fd52c9c69e9cdc828d277f849b8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0579, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6571, \"target_holdings\": 3.2401}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 2.24, \"order_type\": \"limit\", \"limit_price\": 4.6338, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.24, "order_type": "limit", "limit_price": 4.6338, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0031800270080566406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 2, "run": 1}} {"ts": 1793143109.908746, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1aead8b18773faa7ecd0798077c8b48eee9abb4063f29088bd2803ab795da2c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0582, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6574, \"target_holdings\": 3.3083}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 2.31, \"order_type\": \"limit\", \"limit_price\": 4.6341, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.31, "order_type": "limit", "limit_price": 4.6341, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002933025360107422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 5, "run": 1}} {"ts": 1793143109.911466, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "061d3490742b30d1938c58a63aad3adc8b56287e3eecc36a772a9e8b4fa87536", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0531, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6523, \"target_holdings\": 1.8716}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.87, \"order_type\": \"limit\", \"limit_price\": 4.629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.87, "order_type": "limit", "limit_price": 4.629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022971630096435547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 3, "run": 1}} {"ts": 1793143109.915802, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "da3f42643afeb723bf78af11df90e866674fbeb033750b4bc9ff8fdd5ad37f33", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0479, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.4121}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.59, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.59, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003962993621826172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 7, "run": 1}} {"ts": 1793143109.91776, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "09c3b85a8c72f54f894b7fd8710346a2ae2f60e2caf6c58adccee896db5d4191", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0529, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6522, \"target_holdings\": 1.8304}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.83, \"order_type\": \"limit\", \"limit_price\": 4.6289, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.83, "order_type": "limit", "limit_price": 4.6289, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016739368438720703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 4, "run": 1}} {"ts": 1793143109.9196181, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "37c131da82b3f33a0653f515ac71a88c727df2cc61a85f257557b48476a7a45e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0478, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6471, \"target_holdings\": 0.3704}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.63, \"order_type\": \"limit\", \"limit_price\": 4.6703, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.63, "order_type": "limit", "limit_price": 4.6703, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016341209411621094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 1, "run": 1}} {"ts": 1793143109.9214878, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8dba06e4284dc11d5cd12effdd5f9b6fa45ae3fd947e0a3a5ba66b22f8342ad4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0511, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6504, \"target_holdings\": 1.3172}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.32, \"order_type\": \"limit\", \"limit_price\": 4.6271, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.32, "order_type": "limit", "limit_price": 4.6271, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00162506103515625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 6, "run": 1}} {"ts": 1793143109.923383, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8701709392d1c3ebb74f500072ac6d0d06bf8a3cf55ab7ade899b00fb0807bf3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8138}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016999244689941406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 0, "run": 1}} {"ts": 1793143109.928711, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9701fa91f49b971bff91859278748152c979fa903080940288ac5eb2f90aed7a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0512, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6505, \"target_holdings\": 1.3425}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.34, \"order_type\": \"limit\", \"limit_price\": 4.6272, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.34, "order_type": "limit", "limit_price": 4.6272, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005124092102050781, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 2, "run": 1}} {"ts": 1793143109.932095, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8d5da044098a4092517a01661740ef479bae9a37d5ef46e18b6216842d6bb71d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0481, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6474, \"target_holdings\": 0.4653}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.53, \"order_type\": \"limit\", \"limit_price\": 4.6706, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.53, "order_type": "limit", "limit_price": 4.6706, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0027260780334472656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 4, "run": 1}} {"ts": 1793143109.93599, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dd027411d4deaa6c9de2a6684627261f1b5ea3d67ed57d4fbad70ea3f6614f56", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0407, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6401, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018057823181152344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 5, "run": 1}} {"ts": 1793143109.937827, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "aaf9a3e02faa4eda4922be45c62e04623845cff277f4ff5bea0b4f8d51e31a15", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0469, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6462, \"target_holdings\": 0.1266}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 0.87, \"order_type\": \"limit\", \"limit_price\": 4.6694, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.87, "order_type": "limit", "limit_price": 4.6694, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016260147094726562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 0, "run": 1}} {"ts": 1793143109.9396522, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d9c0c1755b118cf8de540f6c16e92540e778bf8c3afd37b2efd58974948a7e0a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.2056}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.21, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.21, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001619100570678711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 6, "run": 1}} {"ts": 1793143109.941469, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6c293117e236050b0a6dc89ed45b1568cf9d82f38c722663892feb042f2f5742", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0478, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6471, \"target_holdings\": 0.3916}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 0.61, \"order_type\": \"limit\", \"limit_price\": 4.6703, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.61, "order_type": "limit", "limit_price": 4.6703, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016236305236816406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 2, "run": 1}} {"ts": 1793143109.943285, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dfe2df8070e94dbca9bbac4f934f4e0efb3329228dc85d80414a68449987443c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0451, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6444, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6676, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6676, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015938282012939453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 7, "run": 1}} {"ts": 1793143109.9487748, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b309b9f9d6194cb2507d678c7b48a6459e045a043d364c7440857e58016756c8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0473, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6466, \"target_holdings\": 0.235}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.77, \"order_type\": \"limit\", \"limit_price\": 4.6698, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.77, "order_type": "limit", "limit_price": 4.6698, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005324125289916992, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 3, "run": 1}} {"ts": 1793143109.955395, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "288062e7c76bb5d41970fdec3fd80bb4038bd17b12de402f4d243683957db0c4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0471, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6464, \"target_holdings\": 0.187}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.81, \"order_type\": \"limit\", \"limit_price\": 4.6696, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.81, "order_type": "limit", "limit_price": 4.6696, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.006125926971435547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 1, "run": 1}} {"ts": 1793143109.958381, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "09ba911d16c14c288336f2f3842221b13d8689f00a1d3a21dcefaf8c6e020abf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.047, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6463, \"target_holdings\": 0.163}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.84, \"order_type\": \"limit\", \"limit_price\": 4.6695, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.84, "order_type": "limit", "limit_price": 4.6695, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024046897888183594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 3, "run": 1}} {"ts": 1793143109.964837, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4b5737f0cd20f554aa7a90dab4734afb4918f51278f532f72364ee9112f7571a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0413, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6407, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6639, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6639, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.006043910980224609, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 5, "run": 1}} {"ts": 1793143109.967521, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b9e8699c378dbf9d3d85f590a7de41760c0e2559f1a208b019a3c1ebad36ac59", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0565, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6557, \"target_holdings\": 2.8488}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 1.85, \"order_type\": \"limit\", \"limit_price\": 4.6324, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.85, "order_type": "limit", "limit_price": 4.6324, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023050308227539062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 6, "run": 1}} {"ts": 1793143109.969485, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1403a607dbf6491b1fb0a6067ccc983721db510df629d24e0a6cc6a49cce5457", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0404, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6397, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001664876937866211, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 0, "run": 1}} {"ts": 1793143109.9712708, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2eca39f107971fa1ec921190d52ed41ea6b7a89849b66fea32f59dcae52fbf3c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0503, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6496, \"target_holdings\": 1.0938}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.09, \"order_type\": \"limit\", \"limit_price\": 4.6264, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.09, "order_type": "limit", "limit_price": 4.6264, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015990734100341797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 2, "run": 1}} {"ts": 1793143109.9730182, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7d452f8babf6949a9542c7805d53af9c4f3a31d0352fa74ee35683b91031ddd9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0457, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.645, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6682, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6682, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015659332275390625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 4, "run": 1}} {"ts": 1793143109.977491, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ea8300f9337919ac087ed345ecf1f19074bb7b116d76990182f57e8ec8d8d23b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0486, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6479, \"target_holdings\": 0.6003}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.4, \"order_type\": \"limit\", \"limit_price\": 4.6711, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.4, "order_type": "limit", "limit_price": 4.6711, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004313945770263672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 7, "run": 1}} {"ts": 1793143109.9803252, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "92eff6bc7d1853ce218c7940bc9ea71764167c0949984f522fcb1a5a4b39570f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0476, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6469, \"target_holdings\": 0.3264}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.67, \"order_type\": \"limit\", \"limit_price\": 4.6701, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.67, "order_type": "limit", "limit_price": 4.6701, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002402067184448242, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 1, "run": 1}} {"ts": 1793143109.983244, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b9dc2d8445f8434b2b485c95db4c1c0e0ba231ec7f515685d30296841d77de43", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0472, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6465, \"target_holdings\": 0.2078}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.79, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.79, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023119449615478516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 4, "run": 1}} {"ts": 1793143109.987804, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bb05c96f5194ae5b54b672322cc48471a5a20bd8ff88385e45a356e356901855", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0447, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.644, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6672, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6672, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00418400764465332, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 5, "run": 1}} {"ts": 1793143109.991189, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cece06f82fe373cf2634fbf9d05fc59342ae8621abfacd02ac3872f4144edc4c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0504, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6496, \"target_holdings\": 1.1038}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 0.1, \"order_type\": \"limit\", \"limit_price\": 4.6264, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.1, "order_type": "limit", "limit_price": 4.6264, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0028839111328125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 7, "run": 1}} {"ts": 1793143109.993143, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3271305762ce994496524ee2ed36473efc20ec578c326108e31a4506f3bb5b80", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.042, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6413, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6645, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6645, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016498565673828125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 0, "run": 1}} {"ts": 1793143109.994941, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fd965e2ea61ef971ac087ede573ce1bff77510c25cda0f685daefc2adee54763", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0514, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6507, \"target_holdings\": 1.402}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.4, \"order_type\": \"limit\", \"limit_price\": 4.6274, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.4, "order_type": "limit", "limit_price": 4.6274, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016021728515625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 6, "run": 1}} {"ts": 1793143109.996715, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "857f428fcc17681528aefb7a8248a073e75feb0648cd2c22a38fae605b1e37a2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0469, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6462, \"target_holdings\": 0.1156}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 0.88, \"order_type\": \"limit\", \"limit_price\": 4.6694, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.88, "order_type": "limit", "limit_price": 4.6694, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00156402587890625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 2, "run": 1}} {"ts": 1793143110.001853, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9ba42443dadc641a8966c8fcfb78d166a2e81c4ba213b79679b518100df8bc8a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0403, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6397, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0049631595611572266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 3, "run": 1}} {"ts": 1793143110.005739, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c087d329acf1be1b35519f8290aa703d99595e125562da48e5a721b2c2ead196", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0434, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6427, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6659, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6659, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017619132995605469, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 1, "run": 1}} {"ts": 1793143110.007783, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5d63b876987c13e7e2639d190a19be9fc1472e748ec59f80f44a6a5c6c3c5f6c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0413, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6406, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6638, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6638, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016591548919677734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 2, "run": 1}} {"ts": 1793143110.009593, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1a44d3a1f019daa1f12436677999822a283441ac039a72317a72588ff2e18066", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0522, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6514, \"target_holdings\": 1.6152}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.62, \"order_type\": \"limit\", \"limit_price\": 4.6281, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.62, "order_type": "limit", "limit_price": 4.6281, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016019344329833984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 3, "run": 1}} {"ts": 1793143110.011362, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9d5e0d0780b73ed29b9961b4bb04fa4c407c2bdccc15004fda7c598f2dea568b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6492, \"target_holdings\": 0.9815}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 0.02, \"order_type\": \"limit\", \"limit_price\": 4.6724, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.02, "order_type": "limit", "limit_price": 4.6724, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015957355499267578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 5, "run": 1}} {"ts": 1793143110.013682, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dabc4337510a9ffdae9e23adb190fc73d42fdde28309f220e4c9c293e2fe891c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0435, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6428, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.666, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.666, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002137899398803711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 6, "run": 1}} {"ts": 1793143110.016646, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "54355ff2fcd5bb4133339c16981a55aadc64a7396db3f793ef3f028e71e97da5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0551, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6543, \"target_holdings\": 2.4268}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 1.43, \"order_type\": \"limit\", \"limit_price\": 4.631, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.43, "order_type": "limit", "limit_price": 4.631, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002537965774536133, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 7, "run": 1}} {"ts": 1793143110.019564, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "494b1adc127ed879a6e174f90da3f18bef0d85052433107f01b2e53ab919137c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0484, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5521}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.45, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.45, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024929046630859375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 4, "run": 1}} {"ts": 1793143110.022198, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b9624896097ee6791eb7d4be9cd792d5f9847c40789f57dac80bf20df70d2832", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0369, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6363, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6595, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6595, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022580623626708984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 0, "run": 1}} {"ts": 1793143110.024986, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0b273a5c22c2958a1d5c8af28f3de2c486f0533302b875f79f1f1c65d7f06deb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0479, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.4094}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.59, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.59, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002440929412841797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 1, "run": 1}} {"ts": 1793143110.027859, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5a2fe54c5f9f96adf68995a655477c111d0a9fc92a963ef7382c6ca45102ccdd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002293825149536133, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 1, "run": 1}} {"ts": 1793143110.030914, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9baef04873f76484735ba8e676316f0f568a7039b3a85de9c085f60c53718cd0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0518, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6511, \"target_holdings\": 1.5215}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.52, \"order_type\": \"limit\", \"limit_price\": 4.6278, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.52, "order_type": "limit", "limit_price": 4.6278, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0027070045471191406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 2, "run": 1}} {"ts": 1793143110.034452, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5670fa9cec6782d9db75fbc72bc70e30fd75412d31fba21d7818fbe277f16b7e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0503, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6495, \"target_holdings\": 1.0739}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.07, \"order_type\": \"limit\", \"limit_price\": 4.6263, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.07, "order_type": "limit", "limit_price": 4.6263, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003125905990600586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 4, "run": 1}} {"ts": 1793143110.0369852, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e73edfbd24fd543343da480b4248e2c91d4574e563612e3c881cc858137d2f9d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0465, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6458, \"target_holdings\": 0.0062}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.99, \"order_type\": \"limit\", \"limit_price\": 4.669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.99, "order_type": "limit", "limit_price": 4.669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019409656524658203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 7, "run": 1}} {"ts": 1793143110.0389419, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e5886956492b9be5c3b3a2941aeae951a256ff7b610f706df4a16878128eb5ad", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0578, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.657, \"target_holdings\": 3.2088}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 2.21, \"order_type\": \"limit\", \"limit_price\": 4.6337, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.21, "order_type": "limit", "limit_price": 4.6337, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016760826110839844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 6, "run": 1}} {"ts": 1793143110.040724, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "67c30a4e43a9c33205dbfd0f086b6bb226006f67c81f94ea29212e01c64a11e5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0453, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6446, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6678, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6678, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015881061553955078, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 5, "run": 1}} {"ts": 1793143110.04251, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "518634937359cd44367d4dc394b54a10e3dbb72b5d55d16c3fae217060303e08", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0584, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6576, \"target_holdings\": 3.3815}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 2.38, \"order_type\": \"limit\", \"limit_price\": 4.6343, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.38, "order_type": "limit", "limit_price": 4.6343, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015969276428222656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 0, "run": 1}} {"ts": 1793143110.045598, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "16021b7738976d74c4234b3c456abf9ef5808a0254ce95d119e1f908f955d01f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0477, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6469, \"target_holdings\": 0.3403}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.66, \"order_type\": \"limit\", \"limit_price\": 4.6701, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.66, "order_type": "limit", "limit_price": 4.6701, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002905130386352539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 3, "run": 1}} {"ts": 1793143110.048845, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "61e9a02868cc5301a40a4203b3f28f57f976e0936bbc194608a86c5a04ae4abc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0594, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6585, \"target_holdings\": 3.6461}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 2.65, \"order_type\": \"limit\", \"limit_price\": 4.6352, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.65, "order_type": "limit", "limit_price": 4.6352, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024678707122802734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 1, "run": 1}} {"ts": 1793143110.051538, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d80d3c531bbe2532898b416d085cf7ca6ee2ab0ea6994dceebe1424f7ca152fb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0564, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6556, \"target_holdings\": 2.8096}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 1.81, \"order_type\": \"limit\", \"limit_price\": 4.6323, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.81, "order_type": "limit", "limit_price": 4.6323, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023069381713867188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 3, "run": 1}} {"ts": 1793143110.054168, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4c061c686b903cf59f0fb22576fd74b0fd0ccef592c6c5333d8591b2bbc5d0a6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0548, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.654, \"target_holdings\": 2.3486}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 1.35, \"order_type\": \"limit\", \"limit_price\": 4.6307, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.35, "order_type": "limit", "limit_price": 4.6307, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022420883178710938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 2, "run": 1}} {"ts": 1793143110.0567548, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d82ad70be7ab8d4a9c0ebc5821182b1852c57a73c08fb653b192ade0b38dc335", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0527, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6519, \"target_holdings\": 1.7581}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.76, \"order_type\": \"limit\", \"limit_price\": 4.6286, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.76, "order_type": "limit", "limit_price": 4.6286, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022499561309814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 6, "run": 1}} {"ts": 1793143110.061891, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "16e6d64adbd9010f77048e96e3814c8187516e37683cfc14fbb8efc9fa88b6ec", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0551, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6543, \"target_holdings\": 2.4434}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.44, \"order_type\": \"limit\", \"limit_price\": 4.631, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.44, "order_type": "limit", "limit_price": 4.631, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002635955810546875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 4, "run": 1}} {"ts": 1793143110.064904, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "24d387f3c2acf2e54d65c17a804fd18d2a9b62f71e3463e8dffa6e5a6a27a4ca", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0568, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.656, \"target_holdings\": 2.9291}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 1.93, \"order_type\": \"limit\", \"limit_price\": 4.6327, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.93, "order_type": "limit", "limit_price": 4.6327, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002547025680541992, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 5, "run": 1}} {"ts": 1793143110.0679848, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3aa7ebce7597541691029bef67076795b709bb65f02eedbe55d57a3270c14504", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0562, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6554, \"target_holdings\": 2.7455}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 1.75, \"order_type\": \"limit\", \"limit_price\": 4.6321, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.75, "order_type": "limit", "limit_price": 4.6321, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002610921859741211, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 0, "run": 1}} {"ts": 1793143110.0757608, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "653b331e1640be58e24bfbfbbbd2f52f763a73d379e754198787c2ae75af0893", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0556, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6548, \"target_holdings\": 2.5853}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 1.59, \"order_type\": \"limit\", \"limit_price\": 4.6315, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.59, "order_type": "limit", "limit_price": 4.6315, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.007426023483276367, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 7, "run": 1}} {"ts": 1793143110.078976, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5a74c75357044c93bd1d3ec9cd37b05c3e993b4af9606fa2cfe9589418c1d514", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0525, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6517, \"target_holdings\": 1.71}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.71, \"order_type\": \"limit\", \"limit_price\": 4.6284, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.71, "order_type": "limit", "limit_price": 4.6284, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024797916412353516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 2, "run": 1}} {"ts": 1793143110.081494, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "46de51c05b9b2fa33749d246d6355222d3dec560ec9a061f5b5e913907ce9921", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0515, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6507, \"target_holdings\": 1.4124}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.41, \"order_type\": \"limit\", \"limit_price\": 4.6274, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.41, "order_type": "limit", "limit_price": 4.6274, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021958351135253906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 0, "run": 1}} {"ts": 1793143110.083817, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "67f7fd048cde9c1d0584639efd9053826bce310a8acd4c04cac0566d3f1f2f58", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0517, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.651, \"target_holdings\": 1.4917}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.49, \"order_type\": \"limit\", \"limit_price\": 4.6277, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.49, "order_type": "limit", "limit_price": 4.6277, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001645803451538086, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 6, "run": 1}} {"ts": 1793143110.088369, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "150f88b570c5b026aea3d63f7d2134d50274737b00cdb368285db2d35f269716", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0511, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6504, \"target_holdings\": 1.315}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.31, \"order_type\": \"limit\", \"limit_price\": 4.6271, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.31, "order_type": "limit", "limit_price": 4.6271, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0043599605560302734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 3, "run": 1}} {"ts": 1793143110.0913541, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8e98a2a4a912c80274897315ea4cc6a9e9aab4286826f67624239e1345dac446", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6502, \"target_holdings\": 1.2811}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.28, \"order_type\": \"limit\", \"limit_price\": 4.6269, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.28, "order_type": "limit", "limit_price": 4.6269, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002499818801879883, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 5, "run": 1}} {"ts": 1793143110.094379, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "08997fcc9ced441e11a666cf61628686fca3cd49f8ac802545e9c55781c6172d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0553, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6545, \"target_holdings\": 2.4965}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.5, \"order_type\": \"limit\", \"limit_price\": 4.6312, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.5, "order_type": "limit", "limit_price": 4.6312, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026061534881591797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 4, "run": 1}} {"ts": 1793143110.097478, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b49d5ddabe99402673a9328a3c1ef76f172c43990313937f27b34a089eed3317", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6502, \"target_holdings\": 1.2692}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 0.27, \"order_type\": \"limit\", \"limit_price\": 4.6269, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.27, "order_type": "limit", "limit_price": 4.6269, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002604961395263672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 1, "run": 1}} {"ts": 1793143110.100232, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b506b5c76124ee3ea158e0443ad28748518d7a2da27d8fc77ace0d3dcc392280", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0496, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6489, \"target_holdings\": 0.8954}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.1, \"order_type\": \"limit\", \"limit_price\": 4.6721, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.1, "order_type": "limit", "limit_price": 4.6721, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023872852325439453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 7, "run": 1}} {"ts": 1793143110.105408, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "18af514bb69acf0d7c807b849148bca7f33fac1b8afa33490397eace6adc9b29", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0482, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6475, \"target_holdings\": 0.4954}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.5, \"order_type\": \"limit\", \"limit_price\": 4.6707, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.5, "order_type": "limit", "limit_price": 4.6707, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002421855926513672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 6, "run": 2}} {"ts": 1793143110.1080189, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "501c7f4191bea965b2415b06c44269efb8685923f2d84e433c277b44936e5dda", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.2095}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 0.21, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.21, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022652149200439453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 1, "run": 2}} {"ts": 1793143110.1104388, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ca522db334eb3b19869bbae4da5d45d2f98880d90e6ec5a71b6a77386ea9d9ba", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0492, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6485, \"target_holdings\": 0.78}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.22, \"order_type\": \"limit\", \"limit_price\": 4.6717, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.22, "order_type": "limit", "limit_price": 4.6717, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002062082290649414, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 3, "run": 2}} {"ts": 1793143110.11265, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2b9f1cced743f74c34479ef0200f729bb46f1ef646266d6137d065a2d70292d5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0534, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6526, \"target_holdings\": 1.9523}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 0.95, \"order_type\": \"limit\", \"limit_price\": 4.6293, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.95, "order_type": "limit", "limit_price": 4.6293, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001943826675415039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 4, "run": 2}} {"ts": 1793143110.114572, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d3a736a031f8acafebad823ee6a258986738490a910696f9e53e3f0896fb7e5f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6503, \"target_holdings\": 1.2924}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 0.29, \"order_type\": \"limit\", \"limit_price\": 4.627, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.29, "order_type": "limit", "limit_price": 4.627, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015931129455566406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 2, "run": 2}} {"ts": 1793143110.116315, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "79311b7ebdbc4f7fdf32e34e84ad333307a21ed5092768f2099bfffda835fdef", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0528, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.652, \"target_holdings\": 1.7874}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 0.79, \"order_type\": \"limit\", \"limit_price\": 4.6287, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.79, "order_type": "limit", "limit_price": 4.6287, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015621185302734375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 0, "run": 2}} {"ts": 1793143110.1180239, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a7e325892f8c7f5c7f3cac6b9621c9d3e876e9de1a05ed4a47b6cbcbb5ee835f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0509, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6501, \"target_holdings\": 1.246}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 0.25, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.25, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015268325805664062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 7, "run": 2}} {"ts": 1793143110.119702, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fe41bc0846e0f9d3178d8b967ac1b232fd3212ba812b6f5be6011e2b1844aba5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0454, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6447, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6679, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6679, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015151500701904297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 5, "run": 2}} {"ts": 1793143110.125671, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "459cdde7cd44fbf23d8c1840af66d8747fd16785f235410849e66c2ae5911c17", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0509, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6502, \"target_holdings\": 1.2568}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 0.26, \"order_type\": \"limit\", \"limit_price\": 4.6269, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.26, "order_type": "limit", "limit_price": 4.6269, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005597829818725586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 4, "run": 2}} {"ts": 1793143110.1286669, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8008e26fdf06fe5c66bea63bc5ec0e448ed3013fa13c557feab1c5c146a6863f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024797916412353516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 5, "run": 2}} {"ts": 1793143110.135776, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c3395205cb0a067785065cf79c1db581538dc4e240c2256522cd223e70a2664d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0427, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.642, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6652, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6652, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.006598949432373047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 2, "run": 2}} {"ts": 1793143110.137656, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "50396ecb1fc1f8a490507c27ce931d9fad77e0f3b075063483a58e000e76d980", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0523, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6516, \"target_holdings\": 1.6578}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 0.66, \"order_type\": \"limit\", \"limit_price\": 4.6283, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.66, "order_type": "limit", "limit_price": 4.6283, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016219615936279297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 6, "run": 2}} {"ts": 1793143110.142168, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "374dfc41aafefaab3b66c2b6aa8774f4444cb6a883887aa24c901ccd2109867d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0542, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6535, \"target_holdings\": 2.1965}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 1.2, \"order_type\": \"limit\", \"limit_price\": 4.6302, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.2, "order_type": "limit", "limit_price": 4.6302, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004251956939697266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 0, "run": 2}} {"ts": 1793143110.147937, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0995eadb98e8366115c97a25a3a660694c54a1d77cf1e1acad83a20fb21842a7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0448, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0031011104583740234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 3, "run": 2}} {"ts": 1793143110.1498098, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "909bc65d4aa3fb1f30ee7c2859e4676f3465e52db85827bf50fa97a8c552d3ad", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015821456909179688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 7, "run": 2}} {"ts": 1793143110.151546, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "73a296f53e42f9585526ba9d5f98347e70b51867f8bf51c8c7831d1078031bd1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.044, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6433, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015392303466796875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 1, "run": 2}} {"ts": 1793143110.1567419, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dcb0fffbffddbb403977b86d42355b4faa3b502ad345f1f743240757eef10ce8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0465, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6458, \"target_holdings\": 0.0107}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.99, \"order_type\": \"limit\", \"limit_price\": 4.669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.99, "order_type": "limit", "limit_price": 4.669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004826784133911133, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 0, "run": 2}} {"ts": 1793143110.1594481, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d19c9dfdcdbd447e1843718c4c732de8c21251461319cc4da88b951f31f66121", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0515, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6507, \"target_holdings\": 1.418}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 0.42, \"order_type\": \"limit\", \"limit_price\": 4.6274, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.42, "order_type": "limit", "limit_price": 4.6274, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002318859100341797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 7, "run": 2}} {"ts": 1793143110.162154, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e4b010b3eca0c95d661b372b38a3e9694a3194641039b346f1624eecead9921c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023279190063476562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 1, "run": 2}} {"ts": 1793143110.164781, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0fa06a661821cd9cea384a079621d658bf103d4ef004f8aa252fa0242a09e8b6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002300739288330078, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 6, "run": 2}} {"ts": 1793143110.16741, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cf9c094d8574a2c6d95bcdb1437c33c927381571d3f0444669b5602e263e9108", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0363, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6357, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6589, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6589, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002275228500366211, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 2, "run": 2}} {"ts": 1793143110.169971, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "58020ee4104cae5bcffec697dc3c753b4aa7decc0f3be0bec917c75abba0355f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0468, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6461, \"target_holdings\": 0.1092}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.89, \"order_type\": \"limit\", \"limit_price\": 4.6693, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.89, "order_type": "limit", "limit_price": 4.6693, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022420883178710938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 4, "run": 2}} {"ts": 1793143110.1725628, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9b792fff407626769477b001fee40c34945c88954d049153e04260d52b35f851", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0423, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6417, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6649, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6649, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002254962921142578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 5, "run": 2}} {"ts": 1793143110.17489, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6761a0820c29c6dd811c83ef4b3c55c2076fe2b5c0029850f12df15f780e07f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0426, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6419, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6651, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6651, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020389556884765625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 3, "run": 2}} {"ts": 1793143110.1769412, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6e7aa279ad9991ba8389b7e3bdcb1254210de820ca3a596aad1c0450b164d603", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0424, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6418, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016131401062011719, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 7, "run": 2}} {"ts": 1793143110.178696, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0877c245cd4a0c36d5d32214944c5716b3cb8f4ef0127a496d564622819259d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0387, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6381, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6613, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6613, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015652179718017578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 1, "run": 2}} {"ts": 1793143110.1804218, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0bf2e5187a27d3aeacbeb2065fefc91c4e8acd803a530a8f57300463db0ee0bf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0409, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6403, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6635, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6635, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015380382537841797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 0, "run": 2}} {"ts": 1793143110.182115, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "02bf90da81e4f48fdc52df120758ce14f34083ef211cb6adced5715452d9b5ef", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.039, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6384, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6616, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6616, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015249252319335938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 4, "run": 2}} {"ts": 1793143110.188993, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c0d15a37833c21f230d0527a59b110480093f3a917312ef336a5af4fba1c2062", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0367, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6361, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6593, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6593, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.006686210632324219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 2, "run": 2}} {"ts": 1793143110.193066, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e5afcc6815d77760eb2558f437f570ef7d061c7dc73c10ce4203b4068c58aea", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0394, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6388, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.662, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.662, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003620147705078125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 6, "run": 2}} {"ts": 1793143110.195167, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6e7aa279ad9991ba8389b7e3bdcb1254210de820ca3a596aad1c0450b164d603", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0424, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6418, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017817020416259766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 3, "run": 2}} {"ts": 1793143110.196952, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "396f5fe8905486b7852a8b5b86e69894aa9e96d617a9e0817544853e83d1ebc2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0391, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6385, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6617, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6617, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015878677368164062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 5, "run": 2}} {"ts": 1793143110.1996439, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4654fdbc5917f36d26e491eda8d41e007851d2345616244716d31f9026507d54", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0604, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6596, \"target_holdings\": 3.947}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 2.95, \"order_type\": \"limit\", \"limit_price\": 4.6363, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.95, "order_type": "limit", "limit_price": 4.6363, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002241849899291992, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 5, "run": 2}} {"ts": 1793143110.2020538, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9aacde46e0b53a2951081c0d7487d680f40e32b96b14305e6aa6251337bff4eb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0501, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6494, \"target_holdings\": 1.0378}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6262, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6262, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002154111862182617, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 0, "run": 2}} {"ts": 1793143110.2045171, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "28d6922b75592322af332c9b777709208e5749595ab4a6ad882b71fdd8d07d98", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0544, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6536, \"target_holdings\": 2.2317}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 1.23, \"order_type\": \"limit\", \"limit_price\": 4.6303, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.23, "order_type": "limit", "limit_price": 4.6303, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022058486938476562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 6, "run": 2}} {"ts": 1793143110.206644, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "02184bf9f6773b96c83062c527a7ac65cfabc24d7df1b43bc4693262d3a94ba9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0547, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6539, \"target_holdings\": 2.3252}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 1.33, \"order_type\": \"limit\", \"limit_price\": 4.6306, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.33, "order_type": "limit", "limit_price": 4.6306, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018830299377441406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 4, "run": 2}} {"ts": 1793143110.208527, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "930eb0fd933aaac88f799d914780a83d61d054cd169a475371b19ff98b9f2133", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0592, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6584, \"target_holdings\": 3.5953}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 2.6, \"order_type\": \"limit\", \"limit_price\": 4.6351, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.6, "order_type": "limit", "limit_price": 4.6351, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016939640045166016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 3, "run": 2}} {"ts": 1793143110.210819, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9771bd4632c0bf6af6118eb2d93b2e43640e2cb51053c41ca9512aae84a659cd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0514, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6507, \"target_holdings\": 1.4038}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 0.4, \"order_type\": \"limit\", \"limit_price\": 4.6274, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.4, "order_type": "limit", "limit_price": 4.6274, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020902156829833984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 7, "run": 2}} {"ts": 1793143110.213494, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "690052230e9f2db232532abd2ce4f01aca9d56d10220b64b3377197541d2a8e3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0447, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.644, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6672, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6672, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022819042205810547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 2, "run": 2}} {"ts": 1793143110.216025, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "40f577528f98164171b338a32851048e1e9ee47477f9d415f34b9cca86611166", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5144}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.49, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.49, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021750926971435547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 1, "run": 2}} {"ts": 1793143110.2188742, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7c2a5325b4b02b74062f5b9fa855d7606f71b4559157c4e2fd094462484dc17c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.058, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6572, \"target_holdings\": 3.2688}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 2.27, \"order_type\": \"limit\", \"limit_price\": 4.6339, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.27, "order_type": "limit", "limit_price": 4.6339, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002329111099243164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 0, "run": 2}} {"ts": 1793143110.221527, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b6a6d6b005a0233064a756821e9ca63aa0ab1383711c0aba1cc2788444200759", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0511, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6504, \"target_holdings\": 1.313}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 0.31, \"order_type\": \"limit\", \"limit_price\": 4.6271, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.31, "order_type": "limit", "limit_price": 4.6271, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002288818359375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 2, "run": 2}} {"ts": 1793143110.224105, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c8569ee458ad277f4031d21b6a4bf3ba52715af95d42986bd56db71753a886d7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0526, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6518, \"target_holdings\": 1.7298}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 0.73, \"order_type\": \"limit\", \"limit_price\": 4.6285, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.73, "order_type": "limit", "limit_price": 4.6285, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022580623626708984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 3, "run": 2}} {"ts": 1793143110.2266612, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "df39ecf6ef25b609e3bc08a7a1bbfa10891dee694fe3c1a20c61584e96a67e10", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0632, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6623, \"target_holdings\": 4.7241}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 3.72, \"order_type\": \"limit\", \"limit_price\": 4.639, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.72, "order_type": "limit", "limit_price": 4.639, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022258758544921875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 4, "run": 2}} {"ts": 1793143110.22937, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a5acb4deddc5422364e88c0d4600dc26a3bdf2c5e9e5506d1936a756e151158b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.055, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6542, \"target_holdings\": 2.4169}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 1.42, \"order_type\": \"limit\", \"limit_price\": 4.6309, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.42, "order_type": "limit", "limit_price": 4.6309, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002416849136352539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 7, "run": 2}} {"ts": 1793143110.231531, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cfca327cd600e280b752526ef5d0735e3293e33b261f5fbbd1e7ab0a72a6896a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0558, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.655, \"target_holdings\": 2.6427}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 1.64, \"order_type\": \"limit\", \"limit_price\": 4.6317, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.64, "order_type": "limit", "limit_price": 4.6317, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001798868179321289, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 1, "run": 2}} {"ts": 1793143110.233446, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bc2b0f0a79c6d6a66812b920cf3680a790de7d0a032ceed52547666ce2b81986", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0578, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.657, \"target_holdings\": 3.1993}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 2.2, \"order_type\": \"limit\", \"limit_price\": 4.6337, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.2, "order_type": "limit", "limit_price": 4.6337, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016989707946777344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 6, "run": 2}} {"ts": 1793143110.235324, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4b142b407a2fbd5e8e11fcb39c619b731bfb8559b1a097fc41823846f42d8442", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0575, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6567, \"target_holdings\": 3.1292}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 2.13, \"order_type\": \"limit\", \"limit_price\": 4.6334, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.13, "order_type": "limit", "limit_price": 4.6334, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016622543334960938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 5, "run": 2}} {"ts": 1793143110.237401, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "98e315ae6b9a1bd843fbf81e3ae9fd9be567eebd40ec07f8e76cbea0eee01d6f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0505, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6498, \"target_holdings\": 1.1552}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 0.16, \"order_type\": \"limit\", \"limit_price\": 4.6266, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.16, "order_type": "limit", "limit_price": 4.6266, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017118453979492188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 0, "run": 2}} {"ts": 1793143110.239267, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3197287a094dc74205e6d638bdf051fe28163cf23dde12ead590f8086b754a9a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0578, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.657, \"target_holdings\": 3.2091}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 2.21, \"order_type\": \"limit\", \"limit_price\": 4.6337, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.21, "order_type": "limit", "limit_price": 4.6337, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016660690307617188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 7, "run": 2}} {"ts": 1793143110.2516448, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f90df090b24b5ee3ca082427a417f1f02f87c9991528c830d74fe3c1cf88a783", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0503, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6495, \"target_holdings\": 1.0768}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 0.08, \"order_type\": \"limit\", \"limit_price\": 4.6263, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.08, "order_type": "limit", "limit_price": 4.6263, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019190311431884766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 3, "run": 2}} {"ts": 1793143110.253642, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a2c92144a5b039e473c18c7e308df084554386f4daca29b89955075d605a278e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0529, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6521, \"target_holdings\": 1.8158}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 0.82, \"order_type\": \"limit\", \"limit_price\": 4.6288, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.82, "order_type": "limit", "limit_price": 4.6288, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017371177673339844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 2, "run": 2}} {"ts": 1793143110.2555552, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "149fa1fba87c76723d734629fb86fafad573304fb64e3787811ef4832037073c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0569, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6561, \"target_holdings\": 2.9408}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 1.94, \"order_type\": \"limit\", \"limit_price\": 4.6328, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.94, "order_type": "limit", "limit_price": 4.6328, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017161369323730469, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 1, "run": 2}} {"ts": 1793143110.257469, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b5aae5a41a3c1af1934049883519cc61cbccd4f6930508e7f7afb5142f609fb2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0528, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.652, \"target_holdings\": 1.7825}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 0.78, \"order_type\": \"limit\", \"limit_price\": 4.6287, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.78, "order_type": "limit", "limit_price": 4.6287, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016820430755615234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 4, "run": 2}} {"ts": 1793143110.26068, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e8238750d44f8215e80ea98cf0c6c55ffcda474effc2524aa6ab13adff30818c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0497, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6489, \"target_holdings\": 0.9114}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.09, \"order_type\": \"limit\", \"limit_price\": 4.6721, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.09, "order_type": "limit", "limit_price": 4.6721, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003031015396118164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 5, "run": 2}} {"ts": 1793143110.263423, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d83dc393c5f459eb17ec49357b4a8564566ae722043d17a20e648a14f19abc76", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0541, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6533, \"target_holdings\": 2.1486}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 1.15, \"order_type\": \"limit\", \"limit_price\": 4.63, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.15, "order_type": "limit", "limit_price": 4.63, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002360105514526367, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 6, "run": 2}} {"ts": 1793143110.266282, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "500b08c3844ac0cfa932a565df77f676aa028662da617a0eb3c31c123d41ffc6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0536, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6528, \"target_holdings\": 2.0087}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 1.01, \"order_type\": \"limit\", \"limit_price\": 4.6295, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.01, "order_type": "limit", "limit_price": 4.6295, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002309083938598633, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 7, "run": 2}} {"ts": 1793143110.2688808, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b0c857a41e674b71e85f8389a462733e2ddbb499c0742a328887c319a15848d5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.061, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6602, \"target_holdings\": 4.1125}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 3.11, \"order_type\": \"limit\", \"limit_price\": 4.6369, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.11, "order_type": "limit", "limit_price": 4.6369, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022580623626708984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 1, "run": 2}} {"ts": 1793143110.2713861, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "398d99ab0c33608c9065e397819fa778745d704df48088448dd4764ade8fecb7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0559, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6551, \"target_holdings\": 2.6727}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 1.67, \"order_type\": \"limit\", \"limit_price\": 4.6318, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.67, "order_type": "limit", "limit_price": 4.6318, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021958351135253906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 3, "run": 2}} {"ts": 1793143110.273995, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bbd0ce42e18f1be1bc5923d4d97b00f21f7b4e78455862245306e4bf0192f79f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5554}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 0.56, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.56, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022819042205810547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 0, "run": 2}} {"ts": 1793143110.2766778, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6b3f6a4f4b20162bcd811ad3534290176bf0d3a2f81b0a1c2eedf399ae1a29b9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0555, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6547, \"target_holdings\": 2.553}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 1.55, \"order_type\": \"limit\", \"limit_price\": 4.6314, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.55, "order_type": "limit", "limit_price": 4.6314, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023779869079589844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 6, "run": 2}} {"ts": 1793143110.279365, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5ce8c0697b8da0db785355d385c8fbcf580d6856631acf87d7b0b454fca157bf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0526, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6519, \"target_holdings\": 1.7457}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 0.75, \"order_type\": \"limit\", \"limit_price\": 4.6286, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.75, "order_type": "limit", "limit_price": 4.6286, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002332925796508789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 2, "run": 2}} {"ts": 1793143110.281434, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "adf543e06e2259304592c1c00728d73a9455ae3cff056561cd85ac1261dcfe36", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5551}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 0.56, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.56, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017540454864501953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 4, "run": 2}} {"ts": 1793143110.283366, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bf688f66d0955a1668afac5967dd025566d966aba9769ef3b59a3e8ee8c9c6b4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0544, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6536, \"target_holdings\": 2.2486}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 1.25, \"order_type\": \"limit\", \"limit_price\": 4.6303, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.25, "order_type": "limit", "limit_price": 4.6303, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016891956329345703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 5, "run": 2}} {"ts": 1793143110.285509, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7c65b8be6878721c7ba5e30053c844b752a287cebadabc1bd878884ffe6db8ec", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9609}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017459392547607422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 0, "run": 2}} {"ts": 1793143110.287416, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "673556e8034621fa75ca8da935a0f662a973088d9c2102e96bd521eecd35b669", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0543, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6535, \"target_holdings\": 2.2076}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 1.21, \"order_type\": \"limit\", \"limit_price\": 4.6302, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.21, "order_type": "limit", "limit_price": 4.6302, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001689910888671875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 5, "run": 2}} {"ts": 1793143110.290842, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "70bbe3b06ec211e4a6ba86d3a0fd7bfdb847004d7cd90350091524ce772efd91", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0464, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6457, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6689, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6689, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0032410621643066406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 3, "run": 2}} {"ts": 1793143110.2947001, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b44b096a4de8cbaeaff33a1bde703d0353838b0084b42e49d58e2a172e271fe5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0516, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6509, \"target_holdings\": 1.4577}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 0.46, \"order_type\": \"limit\", \"limit_price\": 4.6276, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.46, "order_type": "limit", "limit_price": 4.6276, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0032968521118164062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 4, "run": 2}} {"ts": 1793143110.297461, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4422824c0fd128093a3a09fb7c6e8ff444688de59eaff909fc4ddde238505cfa", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0553, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6545, \"target_holdings\": 2.4853}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 1.49, \"order_type\": \"limit\", \"limit_price\": 4.6312, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.49, "order_type": "limit", "limit_price": 4.6312, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002323150634765625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 7, "run": 2}} {"ts": 1793143110.300083, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6c4e943949a87bb819c9940990e691515d152518b7938de25c382f40a9ebc001", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.05, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6492, \"target_holdings\": 0.9892}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.01, \"order_type\": \"limit\", \"limit_price\": 4.6724, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.01, "order_type": "limit", "limit_price": 4.6724, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022499561309814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 1, "run": 2}} {"ts": 1793143110.304425, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dcce08dcc51462d6e9105a5dc8820bfc8a25b8a7f62a0198a1b78c68effbafa7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0563, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6555, \"target_holdings\": 2.7803}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 1.78, \"order_type\": \"limit\", \"limit_price\": 4.6322, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.78, "order_type": "limit", "limit_price": 4.6322, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025031566619873047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 6, "run": 2}} {"ts": 1793143110.3071308, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d463ec1eb7f3f60ca02c2b30b4d118717d6026d0224bdab6f470f3ea1e20b1bb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0494, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6487, \"target_holdings\": 0.8274}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.17, \"order_type\": \"limit\", \"limit_price\": 4.6719, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.17, "order_type": "limit", "limit_price": 4.6719, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022542476654052734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 2, "run": 2}} {"ts": 1793143110.310036, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4b8c5dbefac6a99745f4e0b9d11d6819567f7b8975d0774fbbd0c259ef76ea54", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0524, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6516, \"target_holdings\": 1.6637}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 0.66, \"order_type\": \"limit\", \"limit_price\": 4.6283, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.66, "order_type": "limit", "limit_price": 4.6283, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023322105407714844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 1, "run": 2}} {"ts": 1793143110.3136551, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "156b8f2d9c6dbade8e35a8305498eb3ae04e53ea9f72ca56ba33851f3582c4a3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0525, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6517, \"target_holdings\": 1.7037}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 0.7, \"order_type\": \"limit\", \"limit_price\": 4.6284, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.7, "order_type": "limit", "limit_price": 4.6284, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003271341323852539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 7, "run": 2}} {"ts": 1793143110.316405, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4ab424eb555d16387106445e30f8200cfecdb101be661f9c3953fe76e91a882d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6485, \"target_holdings\": 0.7886}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.21, \"order_type\": \"limit\", \"limit_price\": 4.6717, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.21, "order_type": "limit", "limit_price": 4.6717, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002293825149536133, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 2, "run": 2}} {"ts": 1793143110.319068, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "06d2c3376d5ce76c59d5ad01aafdf9a8c834a428b3c0ecc6601a597e45bdb35e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0469, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6462, \"target_holdings\": 0.1214}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.88, \"order_type\": \"limit\", \"limit_price\": 4.6694, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.88, "order_type": "limit", "limit_price": 4.6694, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002346038818359375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 4, "run": 2}} {"ts": 1793143110.321714, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a56e5a41323855f9c5f5998d36b4d3ce9d38d4bfed3ef476e0f4e1c0a4670e53", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0473, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6465, \"target_holdings\": 0.2254}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.77, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.77, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023009777069091797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 6, "run": 2}} {"ts": 1793143110.324236, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "13dfdb0e0ae625b20e3246973682a7fe027ead8023f7e423032f58766578c8b2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0586, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6577, \"target_holdings\": 3.4172}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 2.42, \"order_type\": \"limit\", \"limit_price\": 4.6344, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.42, "order_type": "limit", "limit_price": 4.6344, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002218961715698242, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 3, "run": 2}} {"ts": 1793143110.3268108, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fd0753d50e3c2d9dfed9bc3258773187de8ce1e64cfa55d78eb33c258d7e028c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.055, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6542, \"target_holdings\": 2.3974}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 1.4, \"order_type\": \"limit\", \"limit_price\": 4.6309, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.4, "order_type": "limit", "limit_price": 4.6309, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022339820861816406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 5, "run": 2}} {"ts": 1793143110.329364, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f807f7cf2aae8439c8426983c81d6024a6c62e5d16361cf0c707986f0138bffb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0609, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6601, \"target_holdings\": 4.0786}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 3.08, \"order_type\": \"limit\", \"limit_price\": 4.6368, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.08, "order_type": "limit", "limit_price": 4.6368, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022470951080322266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 0, "run": 2}} {"ts": 1793143110.332206, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "23c0ea2ea36896cd2a4cb91364e2cd0dbb115722cd406c4856694a434a2d0f35", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0574, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6566, \"target_holdings\": 3.0958}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 2.1, \"order_type\": \"limit\", \"limit_price\": 4.6333, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.1, "order_type": "limit", "limit_price": 4.6333, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022788047790527344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 1, "run": 2}} {"ts": 1793143110.334763, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a6c352b62bc105c946cda10905f33768d7f8634710c342d4ff7840d35c8327fd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6501, \"target_holdings\": 1.2387}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 0.24, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.24, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022509098052978516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 7, "run": 2}} {"ts": 1793143110.3371599, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d6090756218fac5d5766990163dc55aaf6ba32beba80b140a8c80b1700eba1fb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0605, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6597, \"target_holdings\": 3.9756}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 2.98, \"order_type\": \"limit\", \"limit_price\": 4.6364, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.98, "order_type": "limit", "limit_price": 4.6364, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002051115036010742, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 4, "run": 2}} {"ts": 1793143110.339166, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9f63896d5fd0a6b3b5947b7d6919f075ae595b23f560e87ab09eaeead5c785f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0569, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6561, \"target_holdings\": 2.9446}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 1.94, \"order_type\": \"limit\", \"limit_price\": 4.6328, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.94, "order_type": "limit", "limit_price": 4.6328, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017561912536621094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 5, "run": 2}} {"ts": 1793143110.341111, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e712e96061025dc5b1380192644f422be44bf947548ff11b84ebc0661f681c1a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0532, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6524, \"target_holdings\": 1.9017}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 0.9, \"order_type\": \"limit\", \"limit_price\": 4.6291, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.9, "order_type": "limit", "limit_price": 4.6291, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017018318176269531, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 2, "run": 2}} {"ts": 1793143110.343007, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "563c38c4402b9fd2011bf76448d9c44d5769e760e822861d3d942b0ef2666ee2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.05, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6492, \"target_holdings\": 0.9878}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.01, \"order_type\": \"limit\", \"limit_price\": 4.6724, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.01, "order_type": "limit", "limit_price": 4.6724, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016760826110839844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 3, "run": 2}} {"ts": 1793143110.3448782, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "eefddee16b749a016a563d13da45dfab55a770d0d07dbb506113ef8ab6a134f0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001657247543334961, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 0, "run": 2}} {"ts": 1793143110.347647, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e43fa1d330ef8f8c72dffaa99128da62834714d6ed066080119be062577e0877", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.054, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6532, \"target_holdings\": 2.1321}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 1.13, \"order_type\": \"limit\", \"limit_price\": 4.6299, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.13, "order_type": "limit", "limit_price": 4.6299, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025861263275146484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 6, "run": 2}} {"ts": 1793143110.351477, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8be54cca5eaeb991fb4f0e1cd4bb8f5394b0055572c46e86b9ab792e22e47a04", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0494, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8188}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.18, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.18, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0031311511993408203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 1, "run": 2}} {"ts": 1793143110.3541062, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8917a1929c6e35cd9ecedae9416ab1784daf8e334b9478b9f0348c2a2b67f498", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0479, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.4031}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.6, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.6, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002260923385620117, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 6, "run": 2}} {"ts": 1793143110.356676, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8257f7226cc87b330e75e258369c366490c7efede4d27b09e7f3e078d4cd30c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0478, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6471, \"target_holdings\": 0.3836}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.62, \"order_type\": \"limit\", \"limit_price\": 4.6703, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.62, "order_type": "limit", "limit_price": 4.6703, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022301673889160156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 5, "run": 2}} {"ts": 1793143110.3593118, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "15558aa7664d2c38f923599f00a3a6ac029db9b8b61757ce1cf372fe67107578", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0473, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6466, \"target_holdings\": 0.2499}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.75, \"order_type\": \"limit\", \"limit_price\": 4.6698, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.75, "order_type": "limit", "limit_price": 4.6698, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002332925796508789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 4, "run": 2}} {"ts": 1793143110.3619058, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4386dc49be4c7572cb9559512275018758337c9e055597fdc3c428b82612a22b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0529, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6521, \"target_holdings\": 1.8223}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 0.82, \"order_type\": \"limit\", \"limit_price\": 4.6288, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.82, "order_type": "limit", "limit_price": 4.6288, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022499561309814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 2, "run": 2}} {"ts": 1793143110.3644211, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a7e30721d462f9f4c21577a66a3ee4f64832c8035e7a519cdcd21483d5bd0bd9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0498, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9549}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.05, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.05, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022149085998535156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 0, "run": 2}} {"ts": 1793143110.36709, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f1ce24f38effeef420e83059d4739c2abea74fd1351e957dd1f50c2c7208fe6e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0446, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6439, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6671, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6671, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022950172424316406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 7, "run": 2}} {"ts": 1793143110.369946, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c86968a7192ff572a073f8497715e56d673e5c2d70baf7b643baf105ff4516e4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0532, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6524, \"target_holdings\": 1.905}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 0.91, \"order_type\": \"limit\", \"limit_price\": 4.6291, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.91, "order_type": "limit", "limit_price": 4.6291, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018270015716552734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 3, "run": 2}} {"ts": 1793143110.372096, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "13b6f71efb01083b06549f8a473c96e2eb8a835a19538145004ffca5c1f96e12", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9636}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001705169677734375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 2, "run": 2}} {"ts": 1793143110.3739169, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d96b0da0c033a0868079e0d375bfe17819e55463dc66efc421050a3d86e88f4e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0453, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6446, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6678, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6678, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001603841781616211, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 6, "run": 2}} {"ts": 1793143110.37612, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c91eff291d46dd4b944564f38fd586788dd1f55875d7eddb6d66e07a35fd422b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0439, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6432, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019898414611816406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 4, "run": 2}} {"ts": 1793143110.384375, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "80367c58dc5d9d8d2968cae8a8015d17c6343399ca8ce13e148958fa049d7b0b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0554, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6546, \"target_holdings\": 2.5266}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 1.53, \"order_type\": \"limit\", \"limit_price\": 4.6313, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.53, "order_type": "limit", "limit_price": 4.6313, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.007855892181396484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 7, "run": 2}} {"ts": 1793143110.386484, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "82fa080a88b84c4253d821d7721e8076fa2bcb1e97cefd83bd1f9f72022ea659", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0447, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017278194427490234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 0, "run": 2}} {"ts": 1793143110.3882802, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8f3cfa62ac25ae986c3ee90499f294e07364a3f2ec01f998bac1f7d5a27a84f7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8056}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016069412231445312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 5, "run": 2}} {"ts": 1793143110.390647, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "116bf3f6412fb59fe8ecb7e71a873df3f0eed6a1623db4572c4fbc7b22398068", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0524, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6516, \"target_holdings\": 1.6743}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 0.67, \"order_type\": \"limit\", \"limit_price\": 4.6283, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.67, "order_type": "limit", "limit_price": 4.6283, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002164125442504883, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 3, "run": 2}} {"ts": 1793143110.395731, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ded49a107961addb6f2351f1e06da5e2bc8d62412dcc1be8bc7e25960cfd3ee1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0467, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.646, \"target_holdings\": 0.0791}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.92, \"order_type\": \"limit\", \"limit_price\": 4.6692, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.92, "order_type": "limit", "limit_price": 4.6692, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004689931869506836, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 1, "run": 2}} {"ts": 1793143110.398793, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e49c8a9db81079089d56c3b9e6607021c6349d023e4f23496a313cba32f2e3be", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0426, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6419, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6651, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6651, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023162364959716797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 2, "run": 2}} {"ts": 1793143110.406603, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2cf82740f93c510e317e9a2de8b958a52944c3b727bd2803af068c232beda603", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.007472038269042969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 0, "run": 2}} {"ts": 1793143110.409499, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "315413934028b60a897b760873528ec6b5a4ea6561a1ce2ae83c4e6f7293d108", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0477, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.647, \"target_holdings\": 0.353}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.65, \"order_type\": \"limit\", \"limit_price\": 4.6702, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.65, "order_type": "limit", "limit_price": 4.6702, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023679733276367188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 6, "run": 2}} {"ts": 1793143110.412116, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0eb97ffa387d46119584b8d9ac312c2ec2d20e5e7503a8b5674f81cf15402a87", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.04, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6394, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6626, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6626, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022649765014648438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 7, "run": 2}} {"ts": 1793143110.414521, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fe202aac37ea4206fb9af6f999e16505c7911640b4cdc63713007bcbecc06a2c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0431, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6424, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6656, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6656, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017688274383544922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 3, "run": 2}} {"ts": 1793143110.44142, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6d7f3ff25c819f56f436377c999d7d6e7d6cededd611bb5550bd8f5a002b5fbd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5211}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.02668905258178711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 1, "run": 2}} {"ts": 1793143110.444224, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c5bbe4f5f1653e541c4cd50ecb98452037945a18186a0518bace682677112fa0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0448, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002289295196533203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 5, "run": 2}} {"ts": 1793143110.446794, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d69e1694efc269d602450e0c840f78c5fb9de9d85c854c934504df9c1bd5fc50", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0471, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6464, \"target_holdings\": 0.1819}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.82, \"order_type\": \"limit\", \"limit_price\": 4.6696, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.82, "order_type": "limit", "limit_price": 4.6696, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022249221801757812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 4, "run": 2}} {"ts": 1793143110.4495418, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ad68abbac6af45abd0d4e96e923ad38d19402eef6d40f1ed0cd1dccc432ded33", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022149085998535156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 5, "run": 2}} {"ts": 1793143110.453022, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0081643f38c34d1e05fd346153f299194cc9dba9bfd4ac626e0eeba0ab3d1183", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0542, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6534, \"target_holdings\": 2.1737}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 1.17, \"order_type\": \"limit\", \"limit_price\": 4.6301, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.17, "order_type": "limit", "limit_price": 4.6301, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0031332969665527344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 4, "run": 2}} {"ts": 1793143110.4549298, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "acc5f591f4d0bc6eed80d17f320905eb4ac4ff9bb5396e33aeb44c4b86c25e23", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0462, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6455, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6687, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6687, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016529560089111328, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 1, "run": 2}} {"ts": 1793143110.458112, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "be864d6d183675737b14a60cfcba6582900e980f9d2e2bc04ad0d6260747f34a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0515, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6507, \"target_holdings\": 1.4191}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 0.42, \"order_type\": \"limit\", \"limit_price\": 4.6274, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.42, "order_type": "limit", "limit_price": 4.6274, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024840831756591797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 6, "run": 2}} {"ts": 1793143110.460798, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "905d08a39a19e97a7f74f42e742458d0e0bfbeea213bb1708e24dd4985f853c9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0567, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6559, \"target_holdings\": 2.8796}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 1.88, \"order_type\": \"limit\", \"limit_price\": 4.6326, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.88, "order_type": "limit", "limit_price": 4.6326, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002302885055541992, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 2, "run": 2}} {"ts": 1793143110.4633029, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fb3736d9f2e547745aaa2e9457a5fc394cb0797100f0cf04740d48afc6bf0e12", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0486, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6479, \"target_holdings\": 0.609}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.39, \"order_type\": \"limit\", \"limit_price\": 4.6711, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.39, "order_type": "limit", "limit_price": 4.6711, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021181106567382812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 3, "run": 2}} {"ts": 1793143110.465193, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "acc5f591f4d0bc6eed80d17f320905eb4ac4ff9bb5396e33aeb44c4b86c25e23", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0462, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6455, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6687, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6687, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016357898712158203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 7, "run": 2}} {"ts": 1793143110.466997, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a50e6e58f3a73cf4431d22ddba61b23a53acd3a9a0ce37ee03a13918e56d86cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0524, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6517, \"target_holdings\": 1.6823}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 0.68, \"order_type\": \"limit\", \"limit_price\": 4.6284, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.68, "order_type": "limit", "limit_price": 4.6284, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015900135040283203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 0, "run": 2}} {"ts": 1793143110.4689732, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c598e301c62f0b5af226187722b5d038eb919dcfdc5a50660ee278b6625f4ada", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.0536, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6528, \"target_holdings\": 2.0074}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 1.01, \"order_type\": \"limit\", \"limit_price\": 4.6295, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.01, "order_type": "limit", "limit_price": 4.6295, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016210079193115234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 4, "run": 2}} {"ts": 1793143110.470755, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4b2fa7c3e27395e39ffedcc36de95900afc97f787bafa46503f472a2891c9cc0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.0451, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6444, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6676, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6676, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015859603881835938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 7, "run": 2}} {"ts": 1793143110.472546, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c7b1b7cd6c8bbd107b96723b0cb5b559aceca0b4fa220ebcf0c6de1f39e7bb7c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.0532, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6524, \"target_holdings\": 1.9003}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 0.9, \"order_type\": \"limit\", \"limit_price\": 4.6291, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.9, "order_type": "limit", "limit_price": 4.6291, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016160011291503906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 5, "run": 2}} {"ts": 1793143110.4743118, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bd2868390fd90fd904cec0e4741b40b3e5668e46afb53d39fda22ac975b0397e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.0486, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6479, \"target_holdings\": 0.6135}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.39, \"order_type\": \"limit\", \"limit_price\": 4.6711, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.39, "order_type": "limit", "limit_price": 4.6711, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015773773193359375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 0, "run": 2}} {"ts": 1793143110.476079, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "931a6843df9059d28803a82e8e70e238b35f046234dc3e43cac246038239d4d7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.0502, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6495, \"target_holdings\": 1.0645}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 0.06, \"order_type\": \"limit\", \"limit_price\": 4.6263, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.06, "order_type": "limit", "limit_price": 4.6263, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015978813171386719, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 6, "run": 2}} {"ts": 1793143110.4778938, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "81c59db5e3b166338224323abcd2a714e89d0c04ad0569c769deae46d7cb7452", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8052}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016219615936279297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 2, "run": 2}} {"ts": 1793143110.479789, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "63415e23397c84603099efe03536451f50db6f74ad2d7785ff72376561b93f7d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.0516, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6509, \"target_holdings\": 1.4616}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 0.46, \"order_type\": \"limit\", \"limit_price\": 4.6276, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.46, "order_type": "limit", "limit_price": 4.6276, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017268657684326172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 3, "run": 2}} {"ts": 1793143110.481927, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9ce71237e03792d88d2f721a51024217f8aea3dae61834fd466b89f43a597ef7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6499, \"target_holdings\": 1.191}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6267, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6267, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019490718841552734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 1, "run": 2}} {"ts": 1793143110.48399, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6c6ce3051a472b3c3bc20c13a0a20e07c4b812c2a42125b3d858a7cb8acc0b0f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.0543, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6535, \"target_holdings\": 2.2037}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 1.2, \"order_type\": \"limit\", \"limit_price\": 4.6302, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.2, "order_type": "limit", "limit_price": 4.6302, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017180442810058594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 3, "run": 2}} {"ts": 1793143110.485949, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a8aef2907e161e7af6decdc8deadc9cfbeee252e9c6bb3569e78b677a3d37004", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.055, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6543, \"target_holdings\": 2.4254}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 1.43, \"order_type\": \"limit\", \"limit_price\": 4.631, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.43, "order_type": "limit", "limit_price": 4.631, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001737356185913086, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 6, "run": 2}} {"ts": 1793143110.487786, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cb3ebab97f4659cdb33ee593da4ab890d4b7f49499bf79a84e929aed4ae7f744", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.0539, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6531, \"target_holdings\": 2.1087}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 1.11, \"order_type\": \"limit\", \"limit_price\": 4.6298, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.11, "order_type": "limit", "limit_price": 4.6298, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00167083740234375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 7, "run": 2}} {"ts": 1793143110.489603, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cecae9bb15db68b6f82b8fc565f2641892a3f471e5aab6ae0909bf678ce8991c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6421, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6653, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6653, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016391277313232422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 2, "run": 2}} {"ts": 1793143110.491401, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "66a80df6c910128de326070dca28824677477817924c556a9c29ed4fcbc54b8d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.0503, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6496, \"target_holdings\": 1.0839}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 0.08, \"order_type\": \"limit\", \"limit_price\": 4.6264, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.08, "order_type": "limit", "limit_price": 4.6264, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016388893127441406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 4, "run": 2}} {"ts": 1793143110.494196, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0e747a2218cc6e40588b4626c0fba02aa26a05ee392723c95ffd96a870db40a6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.0505, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6497, \"target_holdings\": 1.1335}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 0.13, \"order_type\": \"limit\", \"limit_price\": 4.6265, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.13, "order_type": "limit", "limit_price": 4.6265, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002610921859741211, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 1, "run": 2}} {"ts": 1793143110.499698, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "aebfb36069645e52630cff8a4e49e94bcc6660a63c0c54fd64f8fc82ec372c89", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6473, \"target_holdings\": 0.446}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.55, \"order_type\": \"limit\", \"limit_price\": 4.6705, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.55, "order_type": "limit", "limit_price": 4.6705, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018932819366455078, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 0, "run": 2}} {"ts": 1793143110.5016441, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "48499799c34e6279241da499b2882c757ff0d33afd301c60778979ca6e719e80", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.0503, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6495, \"target_holdings\": 1.0708}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 0.07, \"order_type\": \"limit\", \"limit_price\": 4.6263, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.07, "order_type": "limit", "limit_price": 4.6263, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016968250274658203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 5, "run": 2}} {"ts": 1793143110.5037608, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bfe42666914310b947209ba231ba7a4f79d640c7e8288b27f1201f03cbdcbcd1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6438, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017352104187011719, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 1, "run": 2}} {"ts": 1793143110.505656, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7d77686a6590b44e3fb2ed4ac901c52cfba539aad950a995e8e36c045b388f12", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0526, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6519, \"target_holdings\": 1.7413}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 0.74, \"order_type\": \"limit\", \"limit_price\": 4.6286, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.74, "order_type": "limit", "limit_price": 4.6286, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016818046569824219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 5, "run": 2}} {"ts": 1793143110.510036, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "71c796531aa824fb0d78708b6524c08ab0928ea261ec83c3dd970c3a026eb088", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8128}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0042018890380859375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 0, "run": 2}} {"ts": 1793143110.513133, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a79928e1acf66b957f4f06358218f6259d2385d444c4a5e40aa2e195aca13f65", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0406, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6399, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6631, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6631, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026519298553466797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 7, "run": 2}} {"ts": 1793143110.515914, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "568e37ed2a7ea26d95476a2fd72d93b802cc02def8850cd4ae59a94ea7112a01", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0497, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.649, \"target_holdings\": 0.9138}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.09, \"order_type\": \"limit\", \"limit_price\": 4.6722, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.09, "order_type": "limit", "limit_price": 4.6722, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023469924926757812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 2, "run": 2}} {"ts": 1793143110.520097, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "80ea689b76a0c24ac657006e389ab262e5c22611638df293f86c66ec3a6962ee", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0505, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6497, \"target_holdings\": 1.1367}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 0.14, \"order_type\": \"limit\", \"limit_price\": 4.6265, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.14, "order_type": "limit", "limit_price": 4.6265, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0037882328033447266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 6, "run": 2}} {"ts": 1793143110.522329, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2b716882da4d9eedfea731d512a58b0726281e676aa42032ef09d68542d7397", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0449, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6442, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6674, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6674, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018041133880615234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 4, "run": 2}} {"ts": 1793143110.524265, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "88a85a066560f379500038b56f799ee41bc6f3430cbfc51a0e5dfdbb02cf18af", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0498, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9542}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.05, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.05, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017039775848388672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 3, "run": 2}} {"ts": 1793143110.526392, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "36584b37476c972c7995c2e3f489f74d64a710d976e630adc51b041fd61ac4d1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0512, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6504, \"target_holdings\": 1.3323}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 0.33, \"order_type\": \"limit\", \"limit_price\": 4.6271, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.33, "order_type": "limit", "limit_price": 4.6271, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001737833023071289, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 3, "run": 2}} {"ts": 1793143110.528306, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cd8acc86bf2e5bcaf4c1536c6ebf26d3d5b51aefd2ed8dd47119932b9c4e601f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0484, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5361}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.46, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.46, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016891956329345703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 6, "run": 2}} {"ts": 1793143110.533334, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5131a4e32586d37196d89ea0d37614a02fa147b4f826a0ec683737a96504fe09", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0435, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6429, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6661, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6661, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004843711853027344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 4, "run": 2}} {"ts": 1793143110.5363898, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c0afecf668521bd390fad9f0b335546554a2d678d3e37ed42019899a6dc60cf1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0525, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6517, \"target_holdings\": 1.7042}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 0.7, \"order_type\": \"limit\", \"limit_price\": 4.6284, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.7, "order_type": "limit", "limit_price": 4.6284, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002649068832397461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 2, "run": 2}} {"ts": 1793143110.538971, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d3c5f590347f0e01aeecd4546c392c37610555ff38584e26518bc44c49b5fca2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0429, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002234220504760742, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 1, "run": 2}} {"ts": 1793143110.541593, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e5028a68860f34ea65447aec16e1ddfca273e248e34ea7d7440695e733a85df4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6437, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002274036407470703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 5, "run": 2}} {"ts": 1793143110.5442402, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f0f24e4577c8bf4fb08c6c79131274df14fe5620dad690b33452335871b626b8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.047, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6463, \"target_holdings\": 0.1514}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 0.85, \"order_type\": \"limit\", \"limit_price\": 4.6695, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.85, "order_type": "limit", "limit_price": 4.6695, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022759437561035156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 7, "run": 2}} {"ts": 1793143110.546786, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "22ee9bf8d70352167ef9f9336211eeae5190c68fde37f694d65f9e8aefc21bc7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0484, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5588}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.44, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.44, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022211074829101562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 0, "run": 2}} {"ts": 1793143110.549642, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "34ef54a296bbe7e4736760b6720e847062b4441d775e8e1e89fdb1ff9a8317f9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0494, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6487, \"target_holdings\": 0.8301}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.17, \"order_type\": \"limit\", \"limit_price\": 4.6719, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.17, "order_type": "limit", "limit_price": 4.6719, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022737979888916016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 3, "run": 2}} {"ts": 1793143110.552182, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "edefecccb17d09e0018793bde7a7d78c23507be27af5b9479a9a49488aaebd59", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0532, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6524, \"target_holdings\": 1.9003}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 0.9, \"order_type\": \"limit\", \"limit_price\": 4.6291, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.9, "order_type": "limit", "limit_price": 4.6291, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002234935760498047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 0, "run": 2}} {"ts": 1793143110.554525, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "78acf7dd3b467e20098d899dad04561630406df1c7a393104a4666f7cabe0c1f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.039, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6383, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6615, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6615, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020079612731933594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 4, "run": 2}} {"ts": 1793143110.556489, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4a807336ee03834ea4b5aab7eaa4be75ba251d782f7da2e4f1591faaeed2b091", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017087459564208984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 2, "run": 2}} {"ts": 1793143110.558366, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "143c49c334595bbb97f5da3c984b68730e57793c6b6b90e9f5624aeb806380c9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0464, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6457, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6689, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6689, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016620159149169922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 7, "run": 2}} {"ts": 1793143110.560192, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7f039fe4967a20181a38f62264a5694db7fc53ecdf55e30aec70de463ee08c0e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.528}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.47, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.47, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001641988754272461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 5, "run": 2}} {"ts": 1793143110.562042, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b50d13bda5535acb9b397dfc002b0c9f4184a02911ffec20f6575503dde792cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0501, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6493, \"target_holdings\": 1.0148}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 0.01, \"order_type\": \"limit\", \"limit_price\": 4.6261, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.01, "order_type": "limit", "limit_price": 4.6261, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016162395477294922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 1, "run": 2}} {"ts": 1793143110.564726, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "73188267c868e809c63f435e7444f12edab1e154624e6fc7d44ebc48a842ff28", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0506, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6498, \"target_holdings\": 1.1564}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 0.16, \"order_type\": \"limit\", \"limit_price\": 4.6266, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.16, "order_type": "limit", "limit_price": 4.6266, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025081634521484375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 6, "run": 2}} {"ts": 1793143110.570415, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1be68a6cef9af4fbda923a1abb286213a1eeaf79575cdc013a78a69a24540cb4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0531, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6523, \"target_holdings\": 1.8767}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 0.88, \"order_type\": \"limit\", \"limit_price\": 4.629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.88, "order_type": "limit", "limit_price": 4.629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005091667175292969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 3, "run": 2}} {"ts": 1793143110.5732539, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4321bd0f9c5e251cccea9e4525d6a1018ca4fae8aa2155067f7b95daa9715d15", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0545, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6538, \"target_holdings\": 2.2843}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 1.28, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.28, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002437114715576172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 1, "run": 2}} {"ts": 1793143110.576133, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "515e59ded3b522e04e880b231c25fc41fe2fd4f6cd223c538fd2fcb2f4413972", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0581, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6572, \"target_holdings\": 3.2779}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 2.28, \"order_type\": \"limit\", \"limit_price\": 4.6339, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.28, "order_type": "limit", "limit_price": 4.6339, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024809837341308594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 5, "run": 2}} {"ts": 1793143110.579406, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "053b8f87757407473d6cac6fe8d8895faf41b3cc3810068bde92d922791589df", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0601, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6593, \"target_holdings\": 3.8569}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 2.86, \"order_type\": \"limit\", \"limit_price\": 4.636, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.86, "order_type": "limit", "limit_price": 4.636, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002864837646484375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 2, "run": 2}} {"ts": 1793143110.5812778, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "897c7532df067d220fcbf3a7dc61ef63e7752cd93491ff8eb87e6abcf1629073", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0494, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6487, \"target_holdings\": 0.8434}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.16, \"order_type\": \"limit\", \"limit_price\": 4.6719, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.16, "order_type": "limit", "limit_price": 4.6719, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016448497772216797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 0, "run": 2}} {"ts": 1793143110.583105, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e18302810fd6ed43c4c84b2af13af427ff1d08e6d9f1e597e5fcdd0d36bfc2e4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0448, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00164794921875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 6, "run": 2}} {"ts": 1793143110.584897, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3d7a59026d620dc6ae1ec31eddb425d3f8c9bea00a02372f3cc402aefdaa05d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0478, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6471, \"target_holdings\": 0.3799}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.62, \"order_type\": \"limit\", \"limit_price\": 4.6703, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.62, "order_type": "limit", "limit_price": 4.6703, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016088485717773438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 4, "run": 2}} {"ts": 1793143110.5868192, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "96ccf545c47829d8b11db68265f646e75521489f8da1442dc96a5e6c8510c958", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0543, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6535, \"target_holdings\": 2.2135}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 1.21, \"order_type\": \"limit\", \"limit_price\": 4.6302, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.21, "order_type": "limit", "limit_price": 4.6302, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017459392547607422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 7, "run": 2}} {"ts": 1793143110.589632, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4549e7bd0d9045a644a6b3b4b79aa89260203ae4b0ae269a590731e5ecc538e0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0492, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6484, \"target_holdings\": 0.7624}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.24, \"order_type\": \"limit\", \"limit_price\": 4.6716, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.24, "order_type": "limit", "limit_price": 4.6716, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022928714752197266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 2, "run": 2}} {"ts": 1793143110.592126, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "df46d64d91492b22638206ab16b8f910b2313cfeccbea42370df7a0b0a9ecbb3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0456, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.645, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6682, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6682, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002207040786743164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 5, "run": 2}} {"ts": 1793143110.594644, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6b2941ca8544d683deb18193156bd5ca902af63c9fdeba37a2b82a734dbe4269", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0538, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.653, \"target_holdings\": 2.0607}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 1.06, \"order_type\": \"limit\", \"limit_price\": 4.6297, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.06, "order_type": "limit", "limit_price": 4.6297, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002232789993286133, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 4, "run": 2}} {"ts": 1793143110.597205, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "726fd234450da741054ee32252f23eb2c303b20a9f2681f11b16c13c30e0a31c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0579, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.657, \"target_holdings\": 3.2165}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 2.22, \"order_type\": \"limit\", \"limit_price\": 4.6337, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.22, "order_type": "limit", "limit_price": 4.6337, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002259969711303711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 3, "run": 2}} {"ts": 1793143110.5997849, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c8d9ae5079d0c477adbd05456c01728612321cfdda9c208b6a08c893ecd49561", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0513, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6505, \"target_holdings\": 1.3647}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 0.36, \"order_type\": \"limit\", \"limit_price\": 4.6272, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.36, "order_type": "limit", "limit_price": 4.6272, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022802352905273438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 7, "run": 2}} {"ts": 1793143110.602268, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d7e130c27e51612c624ce66f96bc02b62fbb00c60060e0b094a816cae263a9f8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0563, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6555, \"target_holdings\": 2.7724}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 1.77, \"order_type\": \"limit\", \"limit_price\": 4.6322, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.77, "order_type": "limit", "limit_price": 4.6322, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021941661834716797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 1, "run": 2}} {"ts": 1793143110.604689, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "466139dea21d618c4ed847ae848ab47f6777037ab69ca5d080c5bcc396be3bfa", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0502, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6495, \"target_holdings\": 1.0645}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 0.06, \"order_type\": \"limit\", \"limit_price\": 4.6263, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.06, "order_type": "limit", "limit_price": 4.6263, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021181106567382812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 0, "run": 2}} {"ts": 1793143110.60655, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e321c1402a73de8ae53485a6b1bba84b446a8b70e54eda40beed0a3616e7a094", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0447, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.644, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6672, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6672, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016467571258544922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 6, "run": 2}} {"ts": 1793143110.6086059, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "648ab632d8071c7c191d6248eb2463bdc373960208f5a9ec9cf332e8cafc7b35", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0549, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6541, \"target_holdings\": 2.3919}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 1.39, \"order_type\": \"limit\", \"limit_price\": 4.6308, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.39, "order_type": "limit", "limit_price": 4.6308, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016896724700927734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 5, "run": 2}} {"ts": 1793143110.6103969, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e28220a7808472d82589e7f8eb49ccb3629ea36e1d30ec88edd8450db3a36701", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0539, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6531, \"target_holdings\": 2.1093}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 1.11, \"order_type\": \"limit\", \"limit_price\": 4.6298, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.11, "order_type": "limit", "limit_price": 4.6298, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016138553619384766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 1, "run": 2}} {"ts": 1793143110.6121778, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1f27d46259d373362274d53ac160c33d638ef1ff14bd06f42c3bd9f852ade577", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0586, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6578, \"target_holdings\": 3.4272}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 2.43, \"order_type\": \"limit\", \"limit_price\": 4.6345, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.43, "order_type": "limit", "limit_price": 4.6345, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016160011291503906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 0, "run": 2}} {"ts": 1793143110.61793, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d542e9ab70e740ebb887d57132d37c4d80045532142ba65705dfee9d98f3c7fa", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0525, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6517, \"target_holdings\": 1.6995}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 0.7, \"order_type\": \"limit\", \"limit_price\": 4.6284, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.7, "order_type": "limit", "limit_price": 4.6284, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005591154098510742, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 3, "run": 2}} {"ts": 1793143110.6204648, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8794f5c55a21178339da6c8f338528cbccd186f58859881c24853392ef528a9a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0564, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6556, \"target_holdings\": 2.799}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 1.8, \"order_type\": \"limit\", \"limit_price\": 4.6323, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.8, "order_type": "limit", "limit_price": 4.6323, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002228975296020508, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 4, "run": 2}} {"ts": 1793143110.6229792, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bc8a5f0d55f7ccd8ef5f692b519a065e988e5b3b77bd3a3d8312fcecabe5cedf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0545, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6538, \"target_holdings\": 2.2824}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 1.28, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.28, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022258758544921875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 6, "run": 2}} {"ts": 1793143110.62544, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "793e0ca5c10cf24e193d65db99941ad6670f62f27a2ac65ee1551e47955d66a7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0537, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6529, \"target_holdings\": 2.0416}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 1.04, \"order_type\": \"limit\", \"limit_price\": 4.6296, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.04, "order_type": "limit", "limit_price": 4.6296, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002177715301513672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 2, "run": 2}} {"ts": 1793143110.6279318, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fb3877b5c0a0576dc4b0e5737ce70d2ebbacfa39d79b8d3136d2a0ae0737e2fe", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0495, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6487, \"target_holdings\": 0.8539}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 0.15, \"order_type\": \"limit\", \"limit_price\": 4.6719, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.15, "order_type": "limit", "limit_price": 4.6719, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022149085998535156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 7, "run": 2}} {"ts": 1793143110.630423, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7d1876314771ba9dec7743c9408c9bd0dcf8ee1f93cd2add705220a9b096ed9e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.054, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6532, \"target_holdings\": 2.1175}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 1.12, \"order_type\": \"limit\", \"limit_price\": 4.6299, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.12, "order_type": "limit", "limit_price": 4.6299, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019919872283935547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 7, "run": 2}} {"ts": 1793143110.632354, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ed194635f389f9eb5bc581b2e090787118389117a413c06e76a9f7ddce060d98", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0561, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6553, \"target_holdings\": 2.7171}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 1.72, \"order_type\": \"limit\", \"limit_price\": 4.632, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.72, "order_type": "limit", "limit_price": 4.632, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016779899597167969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 0, "run": 2}} {"ts": 1793143110.6342242, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b8d7bcfb0f903516748e52465e44effc4862ef62377eab7a568b062264be7d99", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0437, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.643, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6662, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6662, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001641988754272461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 6, "run": 2}} {"ts": 1793143110.636014, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1796f5227df50d0a4992c217fd0f4a592668b0e1eb26939ea4722a31ffc2c52e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0494, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8248}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.18, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.18, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016009807586669922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 5, "run": 2}} {"ts": 1793143110.640266, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "77caae190265cb8772f64660800589f409761d9d86e3912417c98664fa88ae21", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0568, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.656, \"target_holdings\": 2.9149}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 1.91, \"order_type\": \"limit\", \"limit_price\": 4.6327, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.91, "order_type": "limit", "limit_price": 4.6327, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0038869380950927734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 1, "run": 2}} {"ts": 1793143110.642453, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "394bae235e932ee241b9ca85d636729d97b02c70174e30c386bea10ff5c27639", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001687765121459961, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 2, "run": 2}} {"ts": 1793143110.644286, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8851d3f2fcc0659d9b4fb4436c8a59cc7e6a0ee35df64bfec4e4277983d640df", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0605, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6597, \"target_holdings\": 3.9745}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 2.97, \"order_type\": \"limit\", \"limit_price\": 4.6364, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.97, "order_type": "limit", "limit_price": 4.6364, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001634836196899414, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 3, "run": 2}} {"ts": 1793143110.64607, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f243f88e60e972d4d2d4971d9d0d88800644c9b5a0e8a712c9904196691f572b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0542, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6534, \"target_holdings\": 2.1916}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 1.19, \"order_type\": \"limit\", \"limit_price\": 4.6301, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.19, "order_type": "limit", "limit_price": 4.6301, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015997886657714844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 4, "run": 2}} {"ts": 1793143110.6498802, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0af394c117026a52f0f58d3241e53e9ce329a2ce950df8cc3abd8f34d0c21396", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0574, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6566, \"target_holdings\": 3.0931}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 2.09, \"order_type\": \"limit\", \"limit_price\": 4.6333, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.09, "order_type": "limit", "limit_price": 4.6333, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017230510711669922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 0, "run": 3}} {"ts": 1793143110.653549, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9979eeadca363f0ae6f5dbd020d8571f0c2ceb44fb2bab2c7d80041419a2563d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0592, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6583, \"target_holdings\": 3.591}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 2.59, \"order_type\": \"limit\", \"limit_price\": 4.635, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.59, "order_type": "limit", "limit_price": 4.635, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0034749507904052734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 4, "run": 3}} {"ts": 1793143110.6562061, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9fe270c73f1ec2e115facbc83205f14ae132b9a4c3c06b8229c99aae57cbac2b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0484, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5536}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 0.45, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.45, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002286672592163086, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 6, "run": 3}} {"ts": 1793143110.658756, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "52bd4e76fb4d0a39d8e0c9b5de62336198d2d087e6da7446147a06531e94abc2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0513, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6505, \"target_holdings\": 1.3542}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 0.35, \"order_type\": \"limit\", \"limit_price\": 4.6272, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.35, "order_type": "limit", "limit_price": 4.6272, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002244234085083008, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 5, "run": 3}} {"ts": 1793143110.66123, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c88a75ea9ecf2e5e530b59325e538a98519dce5ff285e32f536488e662750072", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0578, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.657, \"target_holdings\": 3.1944}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 2.19, \"order_type\": \"limit\", \"limit_price\": 4.6337, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.19, "order_type": "limit", "limit_price": 4.6337, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021867752075195312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 2, "run": 3}} {"ts": 1793143110.6637938, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a30f589a5ca8930dcc49a3260628449424bed06720b0eff438851605eddfcdcf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0438, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6431, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6663, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6663, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022771358489990234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 3, "run": 3}} {"ts": 1793143110.666239, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e8b8a09badbb33b5d5d1f93fb17105a0e47919edf75a98d78fd43dba15b6ee09", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0555, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6547, \"target_holdings\": 2.5411}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 1.54, \"order_type\": \"limit\", \"limit_price\": 4.6314, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.54, "order_type": "limit", "limit_price": 4.6314, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00214385986328125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 1, "run": 3}} {"ts": 1793143110.6709352, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4e86576e8ad1b7522d9384c477ac327cae2bd71801b230e986988fdbd7c87e01", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0562, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6554, \"target_holdings\": 2.7499}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 1.75, \"order_type\": \"limit\", \"limit_price\": 4.6321, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.75, "order_type": "limit", "limit_price": 4.6321, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0039408206939697266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 7, "run": 3}} {"ts": 1793143110.672981, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7e1dd1d6bea83338783f398bb34ff1853540521d40399882003bcebf24603b75", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0433, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6426, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016319751739501953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 3, "run": 3}} {"ts": 1793143110.674716, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "204b6080574802ed6794a0813b62d3f9e378ddf6f9dae911f3b91f9813c5c4fa", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0439, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6433, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001558065414428711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 7, "run": 3}} {"ts": 1793143110.676399, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d65d5837092c7fd704d01a389c6b3937117d213ef9b7c799e11b351372d0f589", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015330314636230469, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 6, "run": 3}} {"ts": 1793143110.6885812, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a37c173ff62c2c9abe6d6214a57b0c1c588f3d10aed2dbc7c871528c5c49a47c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0429, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6423, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6655, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6655, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.01203298568725586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 4, "run": 3}} {"ts": 1793143110.691156, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d351af5cf4ad825bb9531ee04a59d7634bed2184ed2cadf0a28765d13e79158b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0389, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6382, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6614, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6614, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022301673889160156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 2, "run": 3}} {"ts": 1793143110.693662, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ab457d8a96e9eadaf3755d339ebd84ddc2d0d15835d4ef71ae9fee0f9cd05717", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022079944610595703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 0, "run": 3}} {"ts": 1793143110.696199, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d45dc13ee2fb91fd9bfe95ec740df6cca96987f9836766b2d5538b32a03824e8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0414, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6407, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6639, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6639, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022377967834472656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 1, "run": 3}} {"ts": 1793143110.6987882, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "480c241db521ddcdfb06769623f18cd37c49f32ef4b423248154b2e291a2abdf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0488, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6481, \"target_holdings\": 0.6563}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 0.34, \"order_type\": \"limit\", \"limit_price\": 4.6713, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.34, "order_type": "limit", "limit_price": 4.6713, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002290010452270508, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 5, "run": 3}} {"ts": 1793143110.7009668, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c90cf96ae6d679da8d1752c5aae077c1d3e4eec9ecb634c4f867924110281d7b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0463, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6456, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6688, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6688, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016779899597167969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 1, "run": 3}} {"ts": 1793143110.7027252, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f74be7159706b512c739ff71918fba746b4b64d7e5673e38029e5c26ecb95468", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0495, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6487, \"target_holdings\": 0.8456}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 0.15, \"order_type\": \"limit\", \"limit_price\": 4.6719, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.15, "order_type": "limit", "limit_price": 4.6719, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015742778778076172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 3, "run": 3}} {"ts": 1793143110.704784, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1eb6b50e28b47083e82084598fd860b18809875a48b07e9593792a76427092e7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.044, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6433, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001905202865600586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 6, "run": 3}} {"ts": 1793143110.7070122, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "581604d1f442860c904a3ae4a9f603caf5b25345f067be07a2e05500f30f91fe", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0494, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6487, \"target_holdings\": 0.8439}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 0.16, \"order_type\": \"limit\", \"limit_price\": 4.6719, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.16, "order_type": "limit", "limit_price": 4.6719, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020699501037597656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 4, "run": 3}} {"ts": 1793143110.711914, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c90cf96ae6d679da8d1752c5aae077c1d3e4eec9ecb634c4f867924110281d7b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0463, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6456, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6688, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6688, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0047130584716796875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 5, "run": 3}} {"ts": 1793143110.7199512, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "131a53ea5282d54a2e12c5783995d633f83e02c4971ba2dab9a30ac99f3741fc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0516, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6508, \"target_holdings\": 1.4413}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 0.44, \"order_type\": \"limit\", \"limit_price\": 4.6275, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.44, "order_type": "limit", "limit_price": 4.6275, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.007512807846069336, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 0, "run": 3}} {"ts": 1793143110.722612, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3e8a10da95a9de63ff1a6dc8127656bf75ea60aa481bad687c4b148b4d47a854", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0434, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6427, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6659, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6659, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022711753845214844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 2, "run": 3}} {"ts": 1793143110.725214, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "722f5b58bebdf742d39899fd15e70809ba226e4de7fee36cfa321adabcd399c2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6473, \"target_holdings\": 0.4449}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 0.56, \"order_type\": \"limit\", \"limit_price\": 4.6705, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.56, "order_type": "limit", "limit_price": 4.6705, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002267122268676758, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 7, "run": 3}} {"ts": 1793143110.727999, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8d7680d4e34f0761e0dde6f77181fc32f02be6840454b7bbd7a41eef908bc4c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0388, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6382, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6614, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6614, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022618770599365234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 3, "run": 3}} {"ts": 1793143110.730562, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7c09c3c5d81c13ea9c8be3ee57521a91bd7572feaa0eb0eeb1811c57492a5b60", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0481, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6474, \"target_holdings\": 0.4757}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 0.52, \"order_type\": \"limit\", \"limit_price\": 4.6706, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.52, "order_type": "limit", "limit_price": 4.6706, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022580623626708984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 1, "run": 3}} {"ts": 1793143110.733087, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fd9757b6625e5c09da169cfb6f625a7c90e8c5c792ebf29504d3d0effd171df0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0372, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6366, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6598, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6598, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022270679473876953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 7, "run": 3}} {"ts": 1793143110.7356548, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "698ba514c3eda929dea8fb823569b7741013aeb40eb8e6068bfe28d25140e1b2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0473, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6466, \"target_holdings\": 0.2513}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 0.75, \"order_type\": \"limit\", \"limit_price\": 4.6698, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.75, "order_type": "limit", "limit_price": 4.6698, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002270936965942383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 2, "run": 3}} {"ts": 1793143110.7381802, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4906efa043bf548066e5202941eb57516ac3595a6ea23478ce4be2040490387c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0415, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6409, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6641, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6641, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00222015380859375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 5, "run": 3}} {"ts": 1793143110.7407942, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1c55e3e602778ba23e2ff63e9f67212be2239e2ac98572e8abde6076ba1c0e3e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0484, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5514}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 0.45, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.45, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002235889434814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 6, "run": 3}} {"ts": 1793143110.742771, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f337898c4bc524a316b2e4b1b9e9ff0556213955e2240bf39e2b85de7f72106b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0456, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6449, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6681, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6681, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017380714416503906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 4, "run": 3}} {"ts": 1793143110.744687, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "28dec000524abadeff32419a78793ec485c28baa2ea99b891b74d99bdb99084d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017359256744384766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 0, "run": 3}} {"ts": 1793143110.746816, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b1793126cc9f9a99e82ccef634350cfece903ed89a3c74f37be8a0ba546d7619", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.043, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6423, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6655, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6655, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017709732055664062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 6, "run": 3}} {"ts": 1793143110.748715, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d4fe3f906dd2e541cb54d8448109153122ceb3b389d119953ccf10996afccb08", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5166}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017328262329101562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 1, "run": 3}} {"ts": 1793143110.754782, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "daf13a4c5b858c7f8fd392078c039ed55f0e13a453c7e610dcedc764d03650e1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0368, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6362, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6594, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6594, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0059108734130859375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 3, "run": 3}} {"ts": 1793143110.7569869, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecdb1d965224edb7da9a261790b1108c7debb902c7222a57889bef3e919d319c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0418, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6411, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6643, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6643, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001934051513671875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 0, "run": 3}} {"ts": 1793143110.758987, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "904cc15cabdc6afd33ef9244cd436111b7e96cfd5ca20d7c4344213c569bfc20", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0435, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6428, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.666, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.666, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018050670623779297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 4, "run": 3}} {"ts": 1793143110.760882, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bf0c8955f9dafdc1c3e28f30424eb2ee81ea3d85031169f78f6ebd85d762eebd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0501, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6493, \"target_holdings\": 1.0211}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 0.02, \"order_type\": \"limit\", \"limit_price\": 4.6261, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.02, "order_type": "limit", "limit_price": 4.6261, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017230510711669922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 2, "run": 3}} {"ts": 1793143110.76277, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fe61bf57bbbcc030ce46f3ccce654aeb5b0182c63ea99d3f6e26d53927f4b0ad", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0518, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6511, \"target_holdings\": 1.5115}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 0.51, \"order_type\": \"limit\", \"limit_price\": 4.6278, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.51, "order_type": "limit", "limit_price": 4.6278, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017299652099609375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 7, "run": 3}} {"ts": 1793143110.766701, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9856daadb23bd445dc13f211dc85c46e1ec29bad0cf4355b25bf1ae1451766b2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0468, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6461, \"target_holdings\": 0.0858}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 0.91, \"order_type\": \"limit\", \"limit_price\": 4.6693, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.91, "order_type": "limit", "limit_price": 4.6693, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003062009811401367, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 5, "run": 3}} {"ts": 1793143110.7701828, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "781ebb5a010d6b560cf0127bb2483de5e507d3536de93d6c1a357c60351add18", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0427, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6421, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6653, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6653, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026912689208984375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 4, "run": 3}} {"ts": 1793143110.7727518, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "95d235892e376b837ba7f94d5f5f162e23139c02dcf987dedc7a9b6a4e5a65a0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0484, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5614}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 0.44, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.44, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002218008041381836, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 3, "run": 3}} {"ts": 1793143110.7805948, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8cd6fb7b47aa2f191347634edbf369c7e826c762d26b87512cfd891c266e379f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0359, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6353, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6585, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6585, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.007543087005615234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 6, "run": 3}} {"ts": 1793143110.785117, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "70dd88da752116d8579f10ff12f0ea9f78454f104af3918379c54a5b16bed10c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0413, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6407, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6639, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6639, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004099130630493164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 5, "run": 3}} {"ts": 1793143110.786992, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e596c2837c70b0abdc2274a65ede2b568ffe33ecf5b1342fdeb1de7ddd2e7711", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0386, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.638, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6612, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6612, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001622915267944336, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 2, "run": 3}} {"ts": 1793143110.788756, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1d57779a2f808acf561f82b1231c44329c180fdf5fb494b1ca45309a637c79bf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6436, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6668, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6668, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015797615051269531, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 1, "run": 3}} {"ts": 1793143110.790503, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "84a52d28c78063c7b59276237e3fc212d9abf4bbf5ce67d4de2b3e4a286ec3dc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0495, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6488, \"target_holdings\": 0.8728}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 0.13, \"order_type\": \"limit\", \"limit_price\": 4.672, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.13, "order_type": "limit", "limit_price": 4.672, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015721321105957031, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 7, "run": 3}} {"ts": 1793143110.795454, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3386c72cd01b5592d4190e220a74722d5b29a12ce524e4e9a953bc6359e08372", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0381, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6374, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6606, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6606, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002353191375732422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 0, "run": 3}} {"ts": 1793143110.79829, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7e360a325bf8981f7c43fb13b2915ee1a5a03cfddee145d9ac8ab2f7507e466d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0347, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6341, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6573, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6573, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023040771484375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 6, "run": 3}} {"ts": 1793143110.800683, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "07f0b3be91bbbad8bb192e202330a62322d4fa4898743456b92c0989a0c2427c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0393, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6386, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6618, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6618, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020318031311035156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 3, "run": 3}} {"ts": 1793143110.802604, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bb29c383ee2bdf0a0f2d35e710109a25d8d215229a28c3b5c986fd89edaf8096", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0433, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6427, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6659, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6659, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016818046569824219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 7, "run": 3}} {"ts": 1793143110.8124669, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7e360a325bf8981f7c43fb13b2915ee1a5a03cfddee145d9ac8ab2f7507e466d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0347, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6341, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6573, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6573, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.009669780731201172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 5, "run": 3}} {"ts": 1793143110.815478, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1eb3325da3ada8eca2cb2d4bad0a3c4dc5540eeb7e4b3f4fdb1a9d1f4ed16f23", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0409, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6402, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6634, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6634, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025930404663085938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 0, "run": 3}} {"ts": 1793143110.818155, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3ee3b2036e3c17c0350c4991301544a88730c3f196a60eda5df28c23bbb2828b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0424, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6418, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022737979888916016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 2, "run": 3}} {"ts": 1793143110.8211432, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1eb3325da3ada8eca2cb2d4bad0a3c4dc5540eeb7e4b3f4fdb1a9d1f4ed16f23", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0409, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6402, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6634, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6634, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002672910690307617, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 1, "run": 3}} {"ts": 1793143110.8243132, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "69cf2e66fa8b06b418849dd0c4a0a0b482c6a9b1fa978adc596257b5c14cac7e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0353, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6347, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6579, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6579, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0027430057525634766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 4, "run": 3}} {"ts": 1793143110.8270662, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0182a86c4c1783b453ce196d6d12b32f3e013bbc6ae6340bb6bc52de4693371a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0436, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6429, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6661, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6661, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022399425506591797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 4, "run": 3}} {"ts": 1793143110.829579, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "065f0e6fb1516d68edc5918371a23e84ad9112a75e37fa8e2e714c4f3bb14219", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0363, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6357, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6589, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6589, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022170543670654297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 5, "run": 3}} {"ts": 1793143110.832154, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7b30c4c97e52983e6898fc42d9d3b5274f0a8c93328538e45c98b24993cc218b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0344, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6338, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.657, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.657, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022919178009033203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 6, "run": 3}} {"ts": 1793143110.8341398, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "edf26028571d079d9f5765d11eed3da1863bd9d21b8cdf626723bd30dbc81d12", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0413, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6406, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6638, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6638, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017080307006835938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 7, "run": 3}} {"ts": 1793143110.837313, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1f5a3534b995afd348408ab6c863beb7f6263c8293a5c214aad391559a61da4f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024590492248535156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 0, "run": 3}} {"ts": 1793143110.840009, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8c5eb05949820a8db0ccf958ecddaedbc994692c4c1f9b3c5d0906905a9887f4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0389, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6383, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6615, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6615, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023343563079833984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 1, "run": 3}} {"ts": 1793143110.842633, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6d8893e48b9931010d9a6d2b4c0241dc3c1d85686103b5761b95b8279591ba67", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.04, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6393, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00228118896484375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 2, "run": 3}} {"ts": 1793143110.8452852, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f2a205512eb9b47f007e9297cb3a38456ccb516758a09a3c9bdd29cd35757077", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0422, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6415, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6647, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6647, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023298263549804688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 3, "run": 3}} {"ts": 1793143110.8482292, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fd708aa04d5e2b0fa3aaa9bb480ad061fab1591de6738ff2a09b650217db9103", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0497, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6489, \"target_holdings\": 0.9112}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 0.09, \"order_type\": \"limit\", \"limit_price\": 4.6721, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.09, "order_type": "limit", "limit_price": 4.6721, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00240325927734375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 2, "run": 3}} {"ts": 1793143110.850794, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f5179061c08283928f0b38b159df122c741ebb1e4bb2fb0e584b90461253528e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0476, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6468, \"target_holdings\": 0.3096}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 0.69, \"order_type\": \"limit\", \"limit_price\": 4.67, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.69, "order_type": "limit", "limit_price": 4.67, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022547245025634766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 3, "run": 3}} {"ts": 1793143110.853405, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "498deff6c32ac0c0cfb90fb7fbfeae5a06628e94687008a3eb6f862df78aae26", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0521, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6513, \"target_holdings\": 1.5905}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 0.59, \"order_type\": \"limit\", \"limit_price\": 4.628, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.59, "order_type": "limit", "limit_price": 4.628, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002312183380126953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 6, "run": 3}} {"ts": 1793143110.8560572, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5ef3c108659b2ba328c310f2078239790c07434f02f3927ea1b6ec593f430985", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0519, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6511, \"target_holdings\": 1.5226}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 0.52, \"order_type\": \"limit\", \"limit_price\": 4.6278, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.52, "order_type": "limit", "limit_price": 4.6278, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002329111099243164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 1, "run": 3}} {"ts": 1793143110.858208, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "38e388519c412aa3479d548e7b697492e2e52aff185f9e804579fc16f230fe59", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.05, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6493, \"target_holdings\": 0.9988}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 0.0, \"order_type\": \"limit\", \"limit_price\": 4.6725, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.0, "order_type": "limit", "limit_price": 4.6725, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018596649169921875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 4, "run": 3}} {"ts": 1793143110.86011, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "aed06aebe2a80f0ae736cdfc025c769817932ff92bc1a38faa56bceba6c2cb42", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0478, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6471, \"target_holdings\": 0.393}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 0.61, \"order_type\": \"limit\", \"limit_price\": 4.6703, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.61, "order_type": "limit", "limit_price": 4.6703, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001680135726928711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 5, "run": 3}} {"ts": 1793143110.861846, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a35a40d89571f0d13554d2382f480fa91c74616e24c50d6105aa90658dd3efdb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0537, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6529, \"target_holdings\": 2.038}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 1.04, \"order_type\": \"limit\", \"limit_price\": 4.6296, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.04, "order_type": "limit", "limit_price": 4.6296, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015702247619628906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 0, "run": 3}} {"ts": 1793143110.8635688, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dbc9825a7047736e0457789b68210b153bb1632e9e50b3c0e438ad04c8792fcf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0456, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6449, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6681, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6681, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015630722045898438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 7, "run": 3}} {"ts": 1793143110.865491, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8a7f8226ca5c0216f1c59fc9c3696a134e6cd5b1593618fb893e169418e809bd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0637, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6628, \"target_holdings\": 4.8651}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 3.87, \"order_type\": \"limit\", \"limit_price\": 4.6395, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.87, "order_type": "limit", "limit_price": 4.6395, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016007423400878906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 0, "run": 3}} {"ts": 1793143110.86917, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c9398d14bc1fe7087e0a77d4435d88f9248320591d9ec927461a7d6421b67237", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0734, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6724, \"target_holdings\": 7.5929}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 6.59, \"order_type\": \"limit\", \"limit_price\": 4.649, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.59, "order_type": "limit", "limit_price": 4.649, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0035190582275390625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 4, "run": 3}} {"ts": 1793143110.8722959, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1161235134f0f141d8b374345b17575c911a9ede3e500e3a2c1b90931d4a5837", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0691, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6682, \"target_holdings\": 6.4057}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 5.41, \"order_type\": \"limit\", \"limit_price\": 4.6449, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.41, "order_type": "limit", "limit_price": 4.6449, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026750564575195312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 5, "run": 3}} {"ts": 1793143110.876053, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "42a21044872bd72c1882ecf1d24b5927283d93b46a5114d5f934f823f4ecd34d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0641, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6632, \"target_holdings\": 4.9671}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 3.97, \"order_type\": \"limit\", \"limit_price\": 4.6399, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.97, "order_type": "limit", "limit_price": 4.6399, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0033338069915771484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 3, "run": 3}} {"ts": 1793143110.878075, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3b98150f609b584450fb3ce16ea3e6124b4426b98ea4343e7f231bad33a4a29b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0627, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6618, \"target_holdings\": 4.5884}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 3.59, \"order_type\": \"limit\", \"limit_price\": 4.6385, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.59, "order_type": "limit", "limit_price": 4.6385, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017349720001220703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 1, "run": 3}} {"ts": 1793143110.882425, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "55af756fc0134840cbe91b989bd250a2bdd4589e2e22a3a0839d78d3ee2d7bd6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0691, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6682, \"target_holdings\": 6.4035}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 5.4, \"order_type\": \"limit\", \"limit_price\": 4.6449, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.4, "order_type": "limit", "limit_price": 4.6449, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0041348934173583984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 6, "run": 3}} {"ts": 1793143110.8859122, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "31a1e9d53573feb2a825b743eaaa91ccf52062b83c4c48ffffb3d4f4ae26648d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.055, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6542, \"target_holdings\": 2.4106}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 1.41, \"order_type\": \"limit\", \"limit_price\": 4.6309, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.41, "order_type": "limit", "limit_price": 4.6309, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0029528141021728516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 7, "run": 3}} {"ts": 1793143110.888854, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dca561edbedba8bcf41c725e94562446ec83b9ebc338802a255956877c41bed5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0653, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6644, \"target_holdings\": 5.327}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 4.33, \"order_type\": \"limit\", \"limit_price\": 4.6411, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.33, "order_type": "limit", "limit_price": 4.6411, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002499818801879883, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 2, "run": 3}} {"ts": 1793143110.890929, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5027baf5a6275c2871958cf7de62c017c5028f2662d4811edd2b1c21bf9b88d4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.649, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0589, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3131, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.649], \"own_valuation\": 4.6581, \"target_holdings\": 2.5879}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 1.59, \"order_type\": \"limit\", \"limit_price\": 4.6348, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.59, "order_type": "limit", "limit_price": 4.6348, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016582012176513672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 2, "run": 3}} {"ts": 1793143110.900836, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dbb316272b6958198d7457fc3f60573148868d42200a03f956aa7988b5c5a156", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.649, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.061, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3131, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.649], \"own_valuation\": 4.6602, \"target_holdings\": 3.1912}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 2.19, \"order_type\": \"limit\", \"limit_price\": 4.6369, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.19, "order_type": "limit", "limit_price": 4.6369, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.009716987609863281, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 5, "run": 3}} {"ts": 1793143110.904525, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9b670377304ac2e40c45031035ed13d6ad8ded33368d3fb86595c00f2fc3d185", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.649, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0516, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3131, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.649], \"own_valuation\": 4.6508, \"target_holdings\": 0.5161}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6741, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6741, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003246784210205078, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 6, "run": 3}} {"ts": 1793143110.907276, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a0cd7d9a62e8655f4483913ad36c5a702bd82d4c298974f825a3a05b78669aa9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.649, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0615, \"cash\": 0.0879, \"holdings\": 1.3403, \"loan\": 0.0, \"equity\": 6.3188, \"margin\": 0.5, \"loan_capacity\": 3.1154, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.649], \"own_valuation\": 4.6606, \"target_holdings\": 3.3126}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 1.97, \"order_type\": \"limit\", \"limit_price\": 4.6373, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.97, "order_type": "limit", "limit_price": 4.6373, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023450851440429688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 4, "run": 3}} {"ts": 1793143110.909834, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "45dbd61a293f95a9da4cd9c6a7bee84b98e1d175bb970d88e240fd12b08eda11", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.649, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0529, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3131, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.649], \"own_valuation\": 4.6521, \"target_holdings\": 0.8814}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 0.12, \"order_type\": \"limit\", \"limit_price\": 4.6754, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.12, "order_type": "limit", "limit_price": 4.6754, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002212047576904297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 7, "run": 3}} {"ts": 1793143110.9123042, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0a772d6b447c3e6edcf32ee48b5a6a0e614686d0983db209093f8efd561758e2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.649, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0477, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3131, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.649], \"own_valuation\": 4.6469, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6701, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6701, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021791458129882812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 3, "run": 3}} {"ts": 1793143110.9148831, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ed11d20533c75cc0d24c0e5aea903281f183e4fd0f7019c907bbd3495239ca9d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.649, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0543, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3131, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.649], \"own_valuation\": 4.6536, \"target_holdings\": 1.2992}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 0.3, \"order_type\": \"limit\", \"limit_price\": 4.6303, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.3, "order_type": "limit", "limit_price": 4.6303, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022852420806884766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 1, "run": 3}} {"ts": 1793143110.917253, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ea970d2ceddf3f23b9e76328a5a5b5569e965d81dab86b1236228f9cfbff6338", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.649, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0554, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3131, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.649], \"own_valuation\": 4.6546, \"target_holdings\": 1.6021}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 0.6, \"order_type\": \"limit\", \"limit_price\": 4.6313, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.6, "order_type": "limit", "limit_price": 4.6313, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020720958709716797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 0, "run": 3}} {"ts": 1793143110.91928, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1473e84af93066a20ad8d159a0ddb273e5097c96d9b47b94b7d8f0f466525c35", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.649, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0482, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3842, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.6458, 4.649, 4.649], \"own_valuation\": 4.6475, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6707, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6707, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016181468963623047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 0, "run": 3}} {"ts": 1793143110.921063, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7799cc5b43c8a9251c1e701498906b4f2a982f502b23afa801fa0a5f8cb1af17", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.649, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0585, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3842, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.6458, 4.649, 4.649], \"own_valuation\": 4.6576, \"target_holdings\": 2.4603}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 1.46, \"order_type\": \"limit\", \"limit_price\": 4.6343, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.46, "order_type": "limit", "limit_price": 4.6343, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001585245132446289, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 7, "run": 3}} {"ts": 1793143110.922812, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cc6acbd6ae2d0c5a589b54add06fdee88d3e8c098693c344cbffe92bf7c0b908", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.649, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.054, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3842, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.6458, 4.649, 4.649], \"own_valuation\": 4.6532, \"target_holdings\": 1.1968}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 0.2, \"order_type\": \"limit\", \"limit_price\": 4.6299, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.2, "order_type": "limit", "limit_price": 4.6299, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015652179718017578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 2, "run": 3}} {"ts": 1793143110.924562, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f2ab155acfe9c00e8c0f332bda699a749f3b8aa3946b73a7a56c2ad4bf5f0063", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.649, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3842, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.6458, 4.649, 4.649], \"own_valuation\": 4.6513, \"target_holdings\": 0.6486}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 0.35, \"order_type\": \"limit\", \"limit_price\": 4.6746, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.35, "order_type": "limit", "limit_price": 4.6746, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001531839370727539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 6, "run": 3}} {"ts": 1793143110.932419, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "51f6e0b15d41ed27566307a722a09089b7149683d1b2d58e69d1febc3168c156", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.649, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0506, \"cash\": 0.1619, \"holdings\": 1.3403, \"loan\": 0.0, \"equity\": 6.3927, \"margin\": 0.5, \"loan_capacity\": 3.1154, \"history\": [4.6458, 4.6458, 4.6458, 4.649, 4.649], \"own_valuation\": 4.6499, \"target_holdings\": 0.2501}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.09, \"order_type\": \"limit\", \"limit_price\": 4.6731, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.09, "order_type": "limit", "limit_price": 4.6731, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.007688999176025391, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 4, "run": 3}} {"ts": 1793143110.9360902, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e9883f605361696aa91be0ff41678617d119d1c81e22bba1185d16f72ac8a4f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.649, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0545, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3842, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.6458, 4.649, 4.649], \"own_valuation\": 4.6537, \"target_holdings\": 1.3397}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 0.34, \"order_type\": \"limit\", \"limit_price\": 4.6304, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.34, "order_type": "limit", "limit_price": 4.6304, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003191709518432617, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 5, "run": 3}} {"ts": 1793143110.9391649, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ed8bae29dae2cdea4ce3aa1298a4fb179c2fd2808877be94907c9eb2cfa7c085", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.649, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0596, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3842, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.6458, 4.649, 4.649], \"own_valuation\": 4.6588, \"target_holdings\": 2.7855}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 1.79, \"order_type\": \"limit\", \"limit_price\": 4.6355, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.79, "order_type": "limit", "limit_price": 4.6355, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026183128356933594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 3, "run": 3}} {"ts": 1793143110.941816, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3db181e4b417f5464540e80bfff071bf3890e50499cd27e9424a8e6051c469fe", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.649, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0516, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3842, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.6458, 4.649, 4.649], \"own_valuation\": 4.6508, \"target_holdings\": 0.522}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6741, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6741, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002293825149536133, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 1, "run": 3}} {"ts": 1793143110.944382, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f627faac575f2fd01e9976c2ec8300987dc3e2f533104456fd508dc315adc98a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.649, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.045, \"cash\": 0.23, \"holdings\": 1.3403, \"loan\": 0.0, \"equity\": 6.4609, \"margin\": 0.5, \"loan_capacity\": 3.1154, \"history\": [4.6458, 4.6458, 4.649, 4.649, 4.649], \"own_valuation\": 4.6443, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.34, \"order_type\": \"limit\", \"limit_price\": 4.6675, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.34, "order_type": "limit", "limit_price": 4.6675, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002021312713623047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 4, "run": 3}} {"ts": 1793143110.946212, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3419b7f26821bbd18299f91f0668797869f353a7977b7698f9ba99bd66495df8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.649, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0537, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4512, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.649, 4.649, 4.649], \"own_valuation\": 4.6529, \"target_holdings\": 1.1239}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 0.12, \"order_type\": \"limit\", \"limit_price\": 4.6296, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.12, "order_type": "limit", "limit_price": 4.6296, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015888214111328125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 1, "run": 3}} {"ts": 1793143110.94832, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b9244c4a4ffcfcc8cee8a92963b8aa55b7df37a8f76e648fe450dc0bf7ec5c92", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.649, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0509, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4512, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.649, 4.649, 4.649], \"own_valuation\": 4.6501, \"target_holdings\": 0.3212}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 0.68, \"order_type\": \"limit\", \"limit_price\": 4.6734, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.68, "order_type": "limit", "limit_price": 4.6734, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019309520721435547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 6, "run": 3}} {"ts": 1793143110.950207, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "394613c57307ca57c1b09fec9a66f3db631f0a57ae3dcde8a894208cb800f448", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.649, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.047, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4512, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.649, 4.649, 4.649], \"own_valuation\": 4.6463, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6695, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6695, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016379356384277344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 7, "run": 3}} {"ts": 1793143110.951926, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ff65126b73424f0b829f3da259d2148119fa2b19319ab287d3575b54676d1597", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.649, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4512, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.649, 4.649, 4.649], \"own_valuation\": 4.6468, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.67, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.67, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001558065414428711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 3, "run": 3}} {"ts": 1793143110.959463, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "946c8149072849d993a733a23b30d93618826bd5850d518a6cdd29278be9dcf0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.649, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0439, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4512, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.649, 4.649, 4.649], \"own_valuation\": 4.6433, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0073621273040771484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 2, "run": 3}} {"ts": 1793143110.96238, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4e2906b7185fdae0c9030d7fcbc645597a849e4b640535ef2d124d52c8eb7863", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.649, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0543, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4512, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.649, 4.649, 4.649], \"own_valuation\": 4.6535, \"target_holdings\": 1.278}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 0.28, \"order_type\": \"limit\", \"limit_price\": 4.6302, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.28, "order_type": "limit", "limit_price": 4.6302, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017290115356445312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 5, "run": 3}} {"ts": 1793143110.9641442, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "409518cdca0da32c8ca3b44813f2a1ade58bd49a5c4b4cfb6e9067c6117069da", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.649, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0512, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4512, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.6458, 4.649, 4.649, 4.649], \"own_valuation\": 4.6505, \"target_holdings\": 0.4167}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 0.58, \"order_type\": \"limit\", \"limit_price\": 4.6738, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.58, "order_type": "limit", "limit_price": 4.6738, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015759468078613281, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 0, "run": 3}} {"ts": 1793143110.966774, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d8ee5297c6b8536898571dd49b5dfbac91d6e5e65a41c39b2e61ab9ffb4770fb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.649, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0542, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5126, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6534, \"target_holdings\": 1.2574}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 0.26, \"order_type\": \"limit\", \"limit_price\": 4.6301, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.26, "order_type": "limit", "limit_price": 4.6301, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002249002456665039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 5, "run": 3}} {"ts": 1793143110.971785, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fcc97e05f5018ea39f90d9ea9f3734b08f49ebaeeb864517a253102b6e011dd5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.649, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0415, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5126, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6409, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6641, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6641, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004774332046508789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 2, "run": 3}} {"ts": 1793143110.97563, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2d626aa1b20a1acc2f4ec6756fd2dfe9fd5279cc2493f8083c67261be6724280", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.649, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0463, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5126, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6456, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6688, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6688, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0033299922943115234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 1, "run": 3}} {"ts": 1793143110.978776, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b13f937d3ac3bef22bf5cad827ede7ffcba63d968dabef6e879f129201a67c08", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.649, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0425, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5126, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6419, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6651, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6651, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0027298927307128906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 0, "run": 3}} {"ts": 1793143110.981627, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "74058b3b9b2b6472b3554b3f1fa428c66465d22b231a3535b06b281a767c38a3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.649, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0421, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5126, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6415, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6647, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6647, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023832321166992188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 7, "run": 3}} {"ts": 1793143110.989121, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d5f1ddfae36e6fef2ab6d0e260cc246aaf6f9855da194921e0764c20f2cb5c01", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.649, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0406, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5126, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.64, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6632, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6632, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00713801383972168, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 3, "run": 3}} {"ts": 1793143110.991144, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b911fa2af5553cbb7c066f70d8aa532c5733e583f9c882198fa57bf14fdbc88b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.649, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0434, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5126, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.6458, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6427, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6659, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6659, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017442703247070312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 6, "run": 3}} {"ts": 1793143110.993052, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2c61ad97dc13abac8f8c907b64597e55ab0fcb21475a9668c055896c5c7c7429", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.649, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0463, \"cash\": 0.2904, \"holdings\": 1.3403, \"loan\": 0.0, \"equity\": 6.5212, \"margin\": 0.5, \"loan_capacity\": 3.1154, \"history\": [4.6458, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6456, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.34, \"order_type\": \"limit\", \"limit_price\": 4.6688, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.34, "order_type": "limit", "limit_price": 4.6688, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001703023910522461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 4, "run": 3}} {"ts": 1793143110.995163, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4b63aef4f8929f6b784b16e4e0bf1dd3a40d89e0d81004820b7e937eca75f65a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.649, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0427, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5675, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6421, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6653, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6653, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017452239990234375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 7, "run": 3}} {"ts": 1793143111.000075, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "de1c6718332c51beab6c3ab1b797efc7233887ecf8cc5c3f5ed566c286edd290", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.649, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0456, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5675, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6449, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6681, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6681, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004720211029052734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 3, "run": 3}} {"ts": 1793143111.003267, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bf9a5e01f9e017111de02c3679b98fc6f1841ce5d1d2d2b23813cc29ae0eed5d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.649, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0426, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5675, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.642, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6652, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6652, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002615690231323242, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 6, "run": 3}} {"ts": 1793143111.0073202, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "958a554938bc465684b74191fde14bf6dfe4237636423e93f8f5133a4ae35c5b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.649, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0443, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5675, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6436, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6668, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6668, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018448829650878906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 2, "run": 3}} {"ts": 1793143111.009174, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f47dfa4a268463e1e355dd39e9b547fd7264eba7588e3a29c4083ef44c4075d6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.649, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0375, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5675, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6369, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6601, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6601, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016369819641113281, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 0, "run": 3}} {"ts": 1793143111.010957, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "19644dd822d1dc9c1f8b87a37463f65e700a3cd3e374959a702e5425f43e5e84", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.649, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0422, \"cash\": 0.3419, \"holdings\": 1.3403, \"loan\": 0.0, \"equity\": 6.5727, \"margin\": 0.5, \"loan_capacity\": 3.1154, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6415, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.34, \"order_type\": \"limit\", \"limit_price\": 4.6647, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.34, "order_type": "limit", "limit_price": 4.6647, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015978813171386719, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 4, "run": 3}} {"ts": 1793143111.014105, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9b86cd96f444fa7d067221aa4f71b6c586e8f0f0a037c5a5ea233bb973516cca", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.649, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0435, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5675, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6428, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.666, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.666, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002332925796508789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 5, "run": 3}} {"ts": 1793143111.016683, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "138cde54aa3a4b00b0cd11025dd1df2aad402677e5d51253f9e5ce8ce329fb1e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.649, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0368, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5675, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6362, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6594, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6594, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022461414337158203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 1, "run": 3}} {"ts": 1793143111.0194712, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e9541ac56087e4682219dbf7540a80c27dc8dd1b8fe84b28105ba361e1897bc4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.649, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0437, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6261, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.643, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6662, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6662, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022630691528320312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 1, "run": 3}} {"ts": 1793143111.0219882, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "72651cba703802dcef560e6157cc101396d3ea0c287155ad3219dd0662bb5875", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.649, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0394, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6261, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6387, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6619, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6619, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022127628326416016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 0, "run": 3}} {"ts": 1793143111.02454, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "907da72a1ecbabdc226b3e3992e767d034c155b7b8cde710ba73323f1c0ae950", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.649, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0489, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6261, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6482, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6714, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6714, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022478103637695312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 7, "run": 3}} {"ts": 1793143111.0271628, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6ca7ee03ec03e2dfc18668110e75a61ba15dee03d59721b4353ac83b025ad35a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.649, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0459, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6261, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6452, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6684, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6684, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022346973419189453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 2, "run": 3}} {"ts": 1793143111.0293179, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4c58f0912a669a5f1d42cddd8460633c52807bff468076a7ecaa98a518c4674f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.649, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6261, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018191337585449219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 6, "run": 3}} {"ts": 1793143111.0312011, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9e41f9912cf477a28de241c56d88d6150eedf71f291ac7f91cffbc2e44847d8e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.649, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0436, \"cash\": 0.3982, \"holdings\": 1.3403, \"loan\": 0.0, \"equity\": 6.629, \"margin\": 0.5, \"loan_capacity\": 3.1154, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6429, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.34, \"order_type\": \"limit\", \"limit_price\": 4.6661, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.34, "order_type": "limit", "limit_price": 4.6661, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016529560089111328, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 4, "run": 3}} {"ts": 1793143111.033013, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4a4aede450dac7e44e6ff60d874a177767b0f468000f207b1e128fef166fbf9c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.649, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0422, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6261, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6415, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6647, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6647, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016231536865234375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 5, "run": 3}} {"ts": 1793143111.03602, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c7fa95d28135054f05ab7fe3a82d6a4c65e1ef9f1442c0e0faeb0d1c7002506d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.649, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0424, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6261, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6417, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6649, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6649, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002580881118774414, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 3, "run": 3}} {"ts": 1793143111.042967, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3eafe939508cf5e2c0491a4416f26469a671d39c0cb83c388e4fcd1149300dce", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.649, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0408, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6957, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6402, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6634, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6634, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0063228607177734375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 5, "run": 3}} {"ts": 1793143111.0449831, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f38b4b604205e86a0277505ca1f5ac7e383d48a64635b43a99271e3ba3ddc5fa", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.649, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0473, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6957, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6465, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017180442810058594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 7, "run": 3}} {"ts": 1793143111.0468009, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2ace2f9d68e809e321d6c4a36caeedeacc798dc4c3369e136c8199fc0d841ca2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.649, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0524, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6957, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6517, \"target_holdings\": 0.7648}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 0.24, \"order_type\": \"limit\", \"limit_price\": 4.675, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.24, "order_type": "limit", "limit_price": 4.675, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016169548034667969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 2, "run": 3}} {"ts": 1793143111.048568, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e91145f59ea819531813ff3aaa64483d84e28c63d458ff982d8b78b30bb82421", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.649, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 0.4689, \"holdings\": 1.3403, \"loan\": 0.0, \"equity\": 6.6998, \"margin\": 0.5, \"loan_capacity\": 3.1154, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6552, \"target_holdings\": 1.7601}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 0.42, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.42, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015878677368164062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 4, "run": 3}} {"ts": 1793143111.0503109, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d9d5dc592a90d200e7c1aeb3a9cc10353938fe9a07932837b118183e6fadbe87", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.649, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0476, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6957, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6468, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.67, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.67, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015788078308105469, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 0, "run": 3}} {"ts": 1793143111.052674, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d1115296bfc92c80f91a6d1ded6c68c8949d9722d5a3a449e82cc0a40020792d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.649, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0518, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6957, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.651, \"target_holdings\": 0.574}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6743, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6743, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022029876708984375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 3, "run": 3}} {"ts": 1793143111.055499, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ea48ffea91cfcd2cbf07246b3fd4af2d93e9da8f1655431a331e8a34a16eee7a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.649, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0526, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6957, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6519, \"target_holdings\": 0.8135}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6752, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6752, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024559497833251953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 6, "run": 3}} {"ts": 1793143111.05861, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fb687170c182b5ba294f13830196f78460a8edc576e36811bf6b2380799cb1dd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.649, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0486, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6957, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6479, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6711, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6711, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026619434356689453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 1, "run": 3}} {"ts": 1793143111.0634801, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7c6e8eaa474910faa34ac99a33360e25bf034e2f8169b093453155e42bd99011", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.649, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.05, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7639, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6493, \"target_holdings\": 0.072}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 0.93, \"order_type\": \"limit\", \"limit_price\": 4.6725, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.93, "order_type": "limit", "limit_price": 4.6725, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004220008850097656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 7, "run": 3}} {"ts": 1793143111.0673752, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7a3f63f3e7b4a449c61bb7bc59cdf3335f019241b026c60b0ddda84580b7e4a6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.649, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0494, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7639, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6487, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6719, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6719, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003643035888671875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 6, "run": 3}} {"ts": 1793143111.070337, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6e145b07194085c178010f103164f8e1e28720565520506aa8940349d30f000c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.649, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0512, \"cash\": 0.5376, \"holdings\": 1.3403, \"loan\": 0.0, \"equity\": 6.7685, \"margin\": 0.5, \"loan_capacity\": 3.1154, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6504, \"target_holdings\": 0.4064}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 0.93, \"order_type\": \"limit\", \"limit_price\": 4.6737, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.93, "order_type": "limit", "limit_price": 4.6737, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002438783645629883, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 4, "run": 3}} {"ts": 1793143111.0730171, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "750c9f6a0131aa7fd3eb1a4c632e2f2379fecfb15ffc4f4c9a28a8684d2a7691", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.649, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0547, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7639, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6539, \"target_holdings\": 1.4048}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 0.4, \"order_type\": \"limit\", \"limit_price\": 4.6306, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.4, "order_type": "limit", "limit_price": 4.6306, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002319812774658203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 3, "run": 3}} {"ts": 1793143111.075826, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d5c5256a2f668379ac174f2e7d3ea2cda5bb2d29ad965db04d7d66f968ea4d13", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.649, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0511, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7639, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6503, \"target_holdings\": 0.3833}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 0.62, \"order_type\": \"limit\", \"limit_price\": 4.6736, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.62, "order_type": "limit", "limit_price": 4.6736, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024728775024414062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 0, "run": 3}} {"ts": 1793143111.0796301, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "73964e9436cb1f702a9788e2a21d8c51418b7cf1a2c9d573def441a77c1bd324", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.649, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0549, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7639, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6541, \"target_holdings\": 1.4544}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 0.45, \"order_type\": \"limit\", \"limit_price\": 4.6308, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.45, "order_type": "limit", "limit_price": 4.6308, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003403186798095703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 2, "run": 3}} {"ts": 1793143111.0836952, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d5d0a8821794294579c965b7ac84ce537dbb90989e7e4815b4108c39560d579f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.649, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0539, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7639, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6531, \"target_holdings\": 1.1771}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 0.18, \"order_type\": \"limit\", \"limit_price\": 4.6298, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.18, "order_type": "limit", "limit_price": 4.6298, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0036869049072265625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 1, "run": 3}} {"ts": 1793143111.086275, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "71b5e368e18305e30ff040d50301d0e1259254e4f1835341b8941fdbc34cc2c3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.649, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.057, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7639, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6562, \"target_holdings\": 2.0488}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 1.05, \"order_type\": \"limit\", \"limit_price\": 4.6329, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.05, "order_type": "limit", "limit_price": 4.6329, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002213716506958008, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 5, "run": 3}} {"ts": 1793143111.088508, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5cd1897cefa004da99acb66c13d3d8562bbdfc928ffc415c614e18e845aabbdf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.649, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0578, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8439, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.657, \"target_holdings\": 2.272}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 1.27, \"order_type\": \"limit\", \"limit_price\": 4.6337, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.27, "order_type": "limit", "limit_price": 4.6337, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017421245574951172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 3, "run": 3}} {"ts": 1793143111.090374, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4a2647e8b4eac31cdce46ec3e58ae1630942fe99bd48077628b30a07c467a92a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.649, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0624, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8439, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6615, \"target_holdings\": 3.5611}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 2.56, \"order_type\": \"limit\", \"limit_price\": 4.6382, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.56, "order_type": "limit", "limit_price": 4.6382, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016541481018066406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 2, "run": 3}} {"ts": 1793143111.092179, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d430656cca3c579046cdbbb48cdc608af53bee61ddad44d90cbf956e2f9c9217", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.649, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0536, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8439, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6528, \"target_holdings\": 1.0911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 0.09, \"order_type\": \"limit\", \"limit_price\": 4.6295, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.09, "order_type": "limit", "limit_price": 4.6295, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001622915267944336, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 5, "run": 3}} {"ts": 1793143111.09392, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "15664b4a641929c44006a43f897b919bc96c8a23b9b3b2154f62f1c45398897b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.649, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0544, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8439, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6536, \"target_holdings\": 1.3098}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 0.31, \"order_type\": \"limit\", \"limit_price\": 4.6303, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.31, "order_type": "limit", "limit_price": 4.6303, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015799999237060547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 7, "run": 3}} {"ts": 1793143111.095646, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "69c607902cc5d7f1322ef00dda0b7842d3406f77b1f8e5fc5666aa6e80c147bf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.649, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0522, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8439, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6514, \"target_holdings\": 0.6886}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 0.31, \"order_type\": \"limit\", \"limit_price\": 4.6747, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.31, "order_type": "limit", "limit_price": 4.6747, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015707015991210938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 6, "run": 3}} {"ts": 1793143111.0973482, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "af1d1a6fba0c71f60add0f921cbdc3713707c2060eac157ce7a4f8c28dc74dc6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.649, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0569, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8439, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6561, \"target_holdings\": 2.0237}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 1.02, \"order_type\": \"limit\", \"limit_price\": 4.6328, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.02, "order_type": "limit", "limit_price": 4.6328, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015549659729003906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 0, "run": 3}} {"ts": 1793143111.0994549, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "08200d64e69c1cd2426a2508f90f9ca1444f2d9ff43b4dfea9345da1cc087959", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.649, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0624, \"cash\": 0.6218, \"holdings\": 1.3403, \"loan\": 0.0, \"equity\": 6.8527, \"margin\": 0.5, \"loan_capacity\": 3.1154, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6615, \"target_holdings\": 3.5777}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 2.24, \"order_type\": \"limit\", \"limit_price\": 4.6382, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.24, "order_type": "limit", "limit_price": 4.6382, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019593238830566406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 4, "run": 3}} {"ts": 1793143111.1022668, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3b59219e74fd4d2d42bb0ad17e966af44893de8c383085087a58daddf0847aec", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.649, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0515, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8439, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6507, \"target_holdings\": 0.4986}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 0.5, \"order_type\": \"limit\", \"limit_price\": 4.674, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.5, "order_type": "limit", "limit_price": 4.674, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023849010467529297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 1, "run": 3}} {"ts": 1793143111.105251, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b96dfc6ddfa3f0dd5ca47ec0f0ff0e131f84778932c6c9fad4d64333a571e613", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.649, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0526, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9184, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6519, \"target_holdings\": 0.8143}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6752, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6752, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024077892303466797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 2, "run": 3}} {"ts": 1793143111.107884, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "50949f550b27c87e27e49d8acbc2eb23eaa294db8c414ec3f5aea6b1b2f226c5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.649, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9184, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6478, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.671, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.671, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002306699752807617, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 7, "run": 3}} {"ts": 1793143111.1104882, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "865f90c6ea6ce3c3af34acc01e58d46d06368722d5c5fe33afc908cb6adba391", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.649, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9184, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6503, \"target_holdings\": 0.3666}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 0.63, \"order_type\": \"limit\", \"limit_price\": 4.6736, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.63, "order_type": "limit", "limit_price": 4.6736, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022809505462646484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 3, "run": 3}} {"ts": 1793143111.11313, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90899a7a8f049ea89fe56e344a071a57c2ca75f8fe7977c9adee9743f9698d47", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.649, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0553, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9184, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6545, \"target_holdings\": 1.5668}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 0.57, \"order_type\": \"limit\", \"limit_price\": 4.6312, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.57, "order_type": "limit", "limit_price": 4.6312, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023360252380371094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 6, "run": 3}} {"ts": 1793143111.1164758, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "37f3e3853de63013282d4d66ac3e2a645eefc216dc4292cccc81aaa4a907fb40", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.649, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.054, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9184, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6533, \"target_holdings\": 1.215}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 0.22, \"order_type\": \"limit\", \"limit_price\": 4.63, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.22, "order_type": "limit", "limit_price": 4.63, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0029129981994628906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 0, "run": 3}} {"ts": 1793143111.118803, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4ace5a04cbf373c00a2185bf9f0098a9225208841931b044d57376373756246a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.649, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0488, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9184, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.648, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6712, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6712, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001992940902709961, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 1, "run": 3}} {"ts": 1793143111.120647, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5871a888b70efc02a784fafab00f112fd4697bb5f8bd426f893b6d4cc80e5480", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.649, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9184, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6477, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016231536865234375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 5, "run": 3}} {"ts": 1793143111.122404, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "735f9b95420e08d8b400724496b57ad2f587a417baf9056491a55d85a05dd8fc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.649, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0576, \"cash\": 0.6986, \"holdings\": 1.3403, \"loan\": 0.0, \"equity\": 6.9294, \"margin\": 0.5, \"loan_capacity\": 3.1154, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6568, \"target_holdings\": 2.2099}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 0.87, \"order_type\": \"limit\", \"limit_price\": 4.6335, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.87, "order_type": "limit", "limit_price": 4.6335, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015740394592285156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 4, "run": 3}} {"ts": 1793143111.1285892, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a9761066f8e67017ca23b16f412b653f7452be0f48aea4c56870ed64c879be47", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.649, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0544, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9929, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6536, \"target_holdings\": 1.3153}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 0.32, \"order_type\": \"limit\", \"limit_price\": 4.6303, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.32, "order_type": "limit", "limit_price": 4.6303, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00583195686340332, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 5, "run": 3}} {"ts": 1793143111.1311371, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f9d3e4b3129654fbf2bf20b4aed5f847f338196abe530117fe0eb8052a1c8061", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.649, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0543, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9929, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6535, \"target_holdings\": 1.295}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 0.29, \"order_type\": \"limit\", \"limit_price\": 4.6302, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.29, "order_type": "limit", "limit_price": 4.6302, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022249221801757812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 3, "run": 3}} {"ts": 1793143111.133632, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "19d9c067762c290fbc0585673f792f36f7adaffe473363ef87e1014da00ae316", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.649, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9929, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6492, \"target_holdings\": 0.0451}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 0.95, \"order_type\": \"limit\", \"limit_price\": 4.6724, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.95, "order_type": "limit", "limit_price": 4.6724, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002207040786743164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 0, "run": 3}} {"ts": 1793143111.136056, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c0d68dbe21d4bdb72fc0747fac18bf7e56001016f74c9604ba886bf9634be6c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.649, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.049, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9929, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6482, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6714, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6714, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021369457244873047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 2, "run": 3}} {"ts": 1793143111.138565, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "493a86e7baff7bc4948e09b345bc495ba77402a819bff700361c028243bef8bd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.649, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0603, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9929, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6594, \"target_holdings\": 2.9728}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 1.97, \"order_type\": \"limit\", \"limit_price\": 4.6361, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.97, "order_type": "limit", "limit_price": 4.6361, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022211074829101562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 7, "run": 3}} {"ts": 1793143111.142174, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6c60e6e1fcb2a3153c1f637ac567f86baa7508992fa56ebf27d64c3ca289874d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.649, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0562, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9929, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6554, \"target_holdings\": 1.8347}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 0.83, \"order_type\": \"limit\", \"limit_price\": 4.6321, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.83, "order_type": "limit", "limit_price": 4.6321, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003328084945678711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 6, "run": 3}} {"ts": 1793143111.14398, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d2c0e636f51524c2a14bca5e7ac5c93cd082eafdc1f2a1cfba41fea3affb652e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.649, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0509, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9929, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6501, \"target_holdings\": 0.3277}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 0.67, \"order_type\": \"limit\", \"limit_price\": 4.6734, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.67, "order_type": "limit", "limit_price": 4.6734, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015599727630615234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 1, "run": 3}} {"ts": 1793143111.145649, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1c3fd1309e60018658a0bb4e151fe39978262f35bea06eabe80175d42bfae1a1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.649, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0579, \"cash\": 0.775, \"holdings\": 1.3403, \"loan\": 0.0, \"equity\": 7.0058, \"margin\": 0.5, \"loan_capacity\": 3.1154, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.657, \"target_holdings\": 2.2942}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 0.95, \"order_type\": \"limit\", \"limit_price\": 4.6337, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.95, "order_type": "limit", "limit_price": 4.6337, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014979839324951172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 4, "run": 3}} {"ts": 1793143111.147548, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "793dd92226fc1aa213bb15a21eb0315f2c7e68605c9f6db3fa349efa8540ca55", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.649, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.058, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0832, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6572, \"target_holdings\": 2.3444}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 1.34, \"order_type\": \"limit\", \"limit_price\": 4.6339, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.34, "order_type": "limit", "limit_price": 4.6339, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015821456909179688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 2, "run": 3}} {"ts": 1793143111.14923, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f88754273d2736bf069b6ecde52022de5a5e42a02f29147477deec5d2172e252", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.649, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0591, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0832, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6583, \"target_holdings\": 2.6388}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 1.64, \"order_type\": \"limit\", \"limit_price\": 4.635, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.64, "order_type": "limit", "limit_price": 4.635, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015149116516113281, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 7, "run": 3}} {"ts": 1793143111.150916, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a2e9ccfc0c3e54b60f42377c36b9ae6c94c9df9651b8eeb5c450b45e42a5cac", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.649, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0618, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0832, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6609, \"target_holdings\": 3.392}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 2.39, \"order_type\": \"limit\", \"limit_price\": 4.6376, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.39, "order_type": "limit", "limit_price": 4.6376, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015349388122558594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 6, "run": 3}} {"ts": 1793143111.1525881, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6c0f28a2628bd1d6d05c5496426bf5ca825fb3ff5e0a2a97303e590c29c37dc7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.649, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0622, \"cash\": 0.8722, \"holdings\": 1.3403, \"loan\": 0.0, \"equity\": 7.1031, \"margin\": 0.5, \"loan_capacity\": 3.1154, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6613, \"target_holdings\": 3.5128}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 2.17, \"order_type\": \"limit\", \"limit_price\": 4.638, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.17, "order_type": "limit", "limit_price": 4.638, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015230178833007812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 4, "run": 3}} {"ts": 1793143111.154251, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bc1b8509d67d5cf605822476ec3cd4e3400e74956bdea35720f8a9d1c1afa036", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.649, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0602, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0832, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6594, \"target_holdings\": 2.9599}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 1.96, \"order_type\": \"limit\", \"limit_price\": 4.6361, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.96, "order_type": "limit", "limit_price": 4.6361, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001516103744506836, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 0, "run": 3}} {"ts": 1793143111.1559029, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fc3be683cf636c002d5eae070d84a2d205d5c866ecae4d46554956a6998b4eaf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.649, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0527, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0832, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6519, \"target_holdings\": 0.839}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 0.16, \"order_type\": \"limit\", \"limit_price\": 4.6752, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.16, "order_type": "limit", "limit_price": 4.6752, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001506805419921875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 3, "run": 3}} {"ts": 1793143111.15753, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fc9f12b0c7a67cb5dc83760149a2b7cd77f8e519453a4cbead743c4acc4aba6a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.649, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0599, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0832, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6591, \"target_holdings\": 2.8754}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 1.88, \"order_type\": \"limit\", \"limit_price\": 4.6358, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.88, "order_type": "limit", "limit_price": 4.6358, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014841556549072266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 1, "run": 3}} {"ts": 1793143111.1591759, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "936f69abdd8de610b820bc47eb830623bdddd77a8eed51611f39d17bd0568fe4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.649, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0521, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0832, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6514, \"target_holdings\": 0.6717}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 0.33, \"order_type\": \"limit\", \"limit_price\": 4.6747, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.33, "order_type": "limit", "limit_price": 4.6747, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014920234680175781, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 5, "run": 3}} {"ts": 1793143111.161031, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bf5efefe04ca47671c19a1fa7abd5fb920d99290eb1055736235158eabede6cb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.649, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0535, \"cash\": 0.9669, \"holdings\": 1.3403, \"loan\": 0.0, \"equity\": 7.1978, \"margin\": 0.5, \"loan_capacity\": 3.1154, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6527, \"target_holdings\": 1.0621}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 0.28, \"order_type\": \"limit\", \"limit_price\": 4.676, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.28, "order_type": "limit", "limit_price": 4.676, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015521049499511719, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 4, "run": 3}} {"ts": 1793143111.162723, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7daed61207f7da6b09e0e45f26acdc5961b1975237699ebe5423a1c505de1233", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.649, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0524, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1716, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6517, \"target_holdings\": 0.7651}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 0.23, \"order_type\": \"limit\", \"limit_price\": 4.675, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.23, "order_type": "limit", "limit_price": 4.675, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015358924865722656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 2, "run": 3}} {"ts": 1793143111.1643898, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ee9b9a36f08624ee320a8edfde678cbc0aacf8c6cdd89a21213fd5d390d87fa1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.649, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0555, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1716, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6547, \"target_holdings\": 1.6181}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 0.62, \"order_type\": \"limit\", \"limit_price\": 4.6314, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.62, "order_type": "limit", "limit_price": 4.6314, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015139579772949219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 1, "run": 3}} {"ts": 1793143111.166049, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "afa5e15c181969e8a44de895131e29bf70e36349c7ba6922e114b20041827ee1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.649, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.055, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1716, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6542, \"target_holdings\": 1.4903}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 0.49, \"order_type\": \"limit\", \"limit_price\": 4.6309, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.49, "order_type": "limit", "limit_price": 4.6309, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015096664428710938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 5, "run": 3}} {"ts": 1793143111.167787, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9ee5ab04664c960569200e3ae9bc581f000d2671705e2a02188d3b52c996e9e5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.649, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0602, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1716, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6594, \"target_holdings\": 2.9669}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 1.97, \"order_type\": \"limit\", \"limit_price\": 4.6361, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.97, "order_type": "limit", "limit_price": 4.6361, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015938282012939453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 0, "run": 3}} {"ts": 1793143111.171639, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dcec1dde58ce3537af6eb0f9f5d20d9b3d27b5da3005c09f9121322fa3b11527", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.649, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0552, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1716, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6544, \"target_holdings\": 1.5427}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 0.54, \"order_type\": \"limit\", \"limit_price\": 4.6311, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.54, "order_type": "limit", "limit_price": 4.6311, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002624988555908203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 7, "run": 3}} {"ts": 1793143111.17454, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9a3f1d26cebb4f17017b04155b8bdcbcf4389ada4638a9686f36f5952923536a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.649, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0572, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1716, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6564, \"target_holdings\": 2.0988}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 1.1, \"order_type\": \"limit\", \"limit_price\": 4.6331, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.1, "order_type": "limit", "limit_price": 4.6331, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024988651275634766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 3, "run": 3}} {"ts": 1793143111.1764271, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "17016d60e9353ee864d182122d44e76af35d92be9af2417b2f2c0959f337cfe5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.649, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0559, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1716, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6551, \"target_holdings\": 1.7419}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 0.74, \"order_type\": \"limit\", \"limit_price\": 4.6318, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.74, "order_type": "limit", "limit_price": 4.6318, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016260147094726562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 6, "run": 3}} {"ts": 1793143111.1784372, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5a67c0bf5261d4283490998abcd280b3450300b16c9e1759b48b535829f59ca1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.649, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0497, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2491, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.649, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6722, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6722, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016520023345947266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 2, "run": 3}} {"ts": 1793143111.184777, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c128d1ba90418a319640252e61a9cf197cb730807445ba02eddcf8ba85b4abc3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.649, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0457, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2491, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.645, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6682, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6682, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00616908073425293, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 5, "run": 3}} {"ts": 1793143111.186646, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bf6e6e1cb7f15baaad29c7c0522ecfdf885594eeebdda1f636f520956ceb5fd4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.649, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.055, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2491, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6542, \"target_holdings\": 1.4754}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6309, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6309, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016179084777832031, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 6, "run": 3}} {"ts": 1793143111.188376, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "66ce35331da1e34f80d898860e63d868956ee5bf0c105312a19ed08af929f04a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.649, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0419, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2491, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6413, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6645, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6645, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015370845794677734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 3, "run": 3}} {"ts": 1793143111.1901052, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ab89280ce774203b4c051cad4b5f1ded1309900328400f8259ddf98ad39fe3b3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.649, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0472, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2491, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6464, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6696, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6696, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001547098159790039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 1, "run": 3}} {"ts": 1793143111.191807, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5a67c0bf5261d4283490998abcd280b3450300b16c9e1759b48b535829f59ca1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.649, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0497, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2491, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.649, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6722, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6722, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015249252319335938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 0, "run": 3}} {"ts": 1793143111.194659, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "83f0278a495a41fcd10a92dc75b57a8a747aad27e7fa0e03dd52d73c373ad08b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.649, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 1.0466, \"holdings\": 1.3403, \"loan\": 0.0, \"equity\": 7.2774, \"margin\": 0.5, \"loan_capacity\": 3.1154, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6491, \"target_holdings\": 0.0328}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.31, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.31, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026760101318359375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 4, "run": 3}} {"ts": 1793143111.198785, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f531431cfba7627829566063793a3121779a160f68c4439f4474f3d8cfd4edc5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.649, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0556, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2491, \"margin\": 0.5, \"loan_capacity\": 2.3245, \"history\": [4.649, 4.649, 4.649, 4.649, 4.649], \"own_valuation\": 4.6548, \"target_holdings\": 1.6444}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 0.64, \"order_type\": \"limit\", \"limit_price\": 4.6315, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.64, "order_type": "limit", "limit_price": 4.6315, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003637075424194336, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 7, "run": 3}} {"ts": 1793143111.2025821, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3c88c9e999e2884909ace3b59b250d19f65467f819bb0f4be2e674d3ab7ac5c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0532, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6525, \"target_holdings\": 1.9154}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 0.92, \"order_type\": \"limit\", \"limit_price\": 4.6292, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.92, "order_type": "limit", "limit_price": 4.6292, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017087459564208984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 1, "run": 1}} {"ts": 1793143111.205042, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3c88c9e999e2884909ace3b59b250d19f65467f819bb0f4be2e674d3ab7ac5c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0532, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6525, \"target_holdings\": 1.9154}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.92, \"order_type\": \"limit\", \"limit_price\": 4.6292, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.92, "order_type": "limit", "limit_price": 4.6292, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022690296173095703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 0, "run": 1}} {"ts": 1793143111.2110221, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3c88c9e999e2884909ace3b59b250d19f65467f819bb0f4be2e674d3ab7ac5c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0532, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6525, \"target_holdings\": 1.9154}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.92, \"order_type\": \"limit\", \"limit_price\": 4.6292, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.92, "order_type": "limit", "limit_price": 4.6292, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0029141902923583984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 3, "run": 1}} {"ts": 1793143111.212898, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3c88c9e999e2884909ace3b59b250d19f65467f819bb0f4be2e674d3ab7ac5c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0532, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6525, \"target_holdings\": 1.9154}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.92, \"order_type\": \"limit\", \"limit_price\": 4.6292, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.92, "order_type": "limit", "limit_price": 4.6292, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016298294067382812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 6, "run": 1}} {"ts": 1793143111.214645, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3c88c9e999e2884909ace3b59b250d19f65467f819bb0f4be2e674d3ab7ac5c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0532, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6525, \"target_holdings\": 1.9154}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.92, \"order_type\": \"limit\", \"limit_price\": 4.6292, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.92, "order_type": "limit", "limit_price": 4.6292, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015628337860107422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 2, "run": 1}} {"ts": 1793143111.216377, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3c88c9e999e2884909ace3b59b250d19f65467f819bb0f4be2e674d3ab7ac5c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0532, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6525, \"target_holdings\": 1.9154}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 0.92, \"order_type\": \"limit\", \"limit_price\": 4.6292, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.92, "order_type": "limit", "limit_price": 4.6292, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015702247619628906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 7, "run": 1}} {"ts": 1793143111.218082, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3c88c9e999e2884909ace3b59b250d19f65467f819bb0f4be2e674d3ab7ac5c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0532, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6525, \"target_holdings\": 1.9154}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.92, \"order_type\": \"limit\", \"limit_price\": 4.6292, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.92, "order_type": "limit", "limit_price": 4.6292, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001547098159790039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 4, "run": 1}} {"ts": 1793143111.220593, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3c88c9e999e2884909ace3b59b250d19f65467f819bb0f4be2e674d3ab7ac5c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0532, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6525, \"target_holdings\": 1.9154}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.92, \"order_type\": \"limit\", \"limit_price\": 4.6292, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.92, "order_type": "limit", "limit_price": 4.6292, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002359151840209961, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 5, "run": 1}} {"ts": 1793143111.2233548, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "84423a7c8bf747fee8dc866a66a84d547850aa20be48ce0aad971c9d9852389a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0597, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6589, \"target_holdings\": 3.7356}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 2.74, \"order_type\": \"limit\", \"limit_price\": 4.6356, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.74, "order_type": "limit", "limit_price": 4.6356, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022170543670654297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 0, "run": 1}} {"ts": 1793143111.225826, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "84423a7c8bf747fee8dc866a66a84d547850aa20be48ce0aad971c9d9852389a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0597, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6589, \"target_holdings\": 3.7356}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 2.74, \"order_type\": \"limit\", \"limit_price\": 4.6356, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.74, "order_type": "limit", "limit_price": 4.6356, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002167224884033203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 7, "run": 1}} {"ts": 1793143111.228275, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "84423a7c8bf747fee8dc866a66a84d547850aa20be48ce0aad971c9d9852389a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0597, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6589, \"target_holdings\": 3.7356}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 2.74, \"order_type\": \"limit\", \"limit_price\": 4.6356, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.74, "order_type": "limit", "limit_price": 4.6356, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021469593048095703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 4, "run": 1}} {"ts": 1793143111.2308311, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "84423a7c8bf747fee8dc866a66a84d547850aa20be48ce0aad971c9d9852389a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0597, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6589, \"target_holdings\": 3.7356}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 2.74, \"order_type\": \"limit\", \"limit_price\": 4.6356, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.74, "order_type": "limit", "limit_price": 4.6356, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002259969711303711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 3, "run": 1}} {"ts": 1793143111.233441, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "84423a7c8bf747fee8dc866a66a84d547850aa20be48ce0aad971c9d9852389a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0597, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6589, \"target_holdings\": 3.7356}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 2.74, \"order_type\": \"limit\", \"limit_price\": 4.6356, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.74, "order_type": "limit", "limit_price": 4.6356, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022978782653808594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 5, "run": 1}} {"ts": 1793143111.23597, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "84423a7c8bf747fee8dc866a66a84d547850aa20be48ce0aad971c9d9852389a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0597, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6589, \"target_holdings\": 3.7356}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 2.74, \"order_type\": \"limit\", \"limit_price\": 4.6356, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.74, "order_type": "limit", "limit_price": 4.6356, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002218961715698242, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 1, "run": 1}} {"ts": 1793143111.238118, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "84423a7c8bf747fee8dc866a66a84d547850aa20be48ce0aad971c9d9852389a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. 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Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0597, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6589, \"target_holdings\": 3.7356}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 2.74, \"order_type\": \"limit\", \"limit_price\": 4.6356, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.74, "order_type": "limit", "limit_price": 4.6356, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018482208251953125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 6, "run": 1}} {"ts": 1793143111.2399628, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "84423a7c8bf747fee8dc866a66a84d547850aa20be48ce0aad971c9d9852389a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0597, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6589, \"target_holdings\": 3.7356}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 2.74, \"order_type\": \"limit\", \"limit_price\": 4.6356, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.74, "order_type": "limit", "limit_price": 4.6356, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016140937805175781, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 2, "run": 1}} {"ts": 1793143111.241966, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e905895223be4a69049e8d1540ea43efcc8c33489c6179cd7446af40c254bb03", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0391, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6385, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6617, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6617, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016586780548095703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 7, "run": 1}} {"ts": 1793143111.243753, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e905895223be4a69049e8d1540ea43efcc8c33489c6179cd7446af40c254bb03", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0391, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6385, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6617, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6617, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016067028045654297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 4, "run": 1}} {"ts": 1793143111.245586, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e905895223be4a69049e8d1540ea43efcc8c33489c6179cd7446af40c254bb03", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0391, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6385, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6617, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6617, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001669168472290039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 3, "run": 1}} {"ts": 1793143111.250518, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e905895223be4a69049e8d1540ea43efcc8c33489c6179cd7446af40c254bb03", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0391, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6385, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6617, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6617, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004731178283691406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 6, "run": 1}} {"ts": 1793143111.2532852, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e905895223be4a69049e8d1540ea43efcc8c33489c6179cd7446af40c254bb03", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0391, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6385, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6617, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6617, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023610591888427734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 0, "run": 1}} {"ts": 1793143111.2558599, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e905895223be4a69049e8d1540ea43efcc8c33489c6179cd7446af40c254bb03", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0391, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6385, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6617, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6617, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002215147018432617, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 5, "run": 1}} {"ts": 1793143111.2585049, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e905895223be4a69049e8d1540ea43efcc8c33489c6179cd7446af40c254bb03", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0391, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6385, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6617, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6617, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023140907287597656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 1, "run": 1}} {"ts": 1793143111.264545, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e905895223be4a69049e8d1540ea43efcc8c33489c6179cd7446af40c254bb03", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0391, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6385, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6617, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6617, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0028951168060302734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 2, "run": 1}} {"ts": 1793143111.269173, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8edd3903b857da61e490ba5bed693c56b32b07e78a0d291add98fe0cc2cb1e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0498, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.05, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.05, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00397491455078125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 7, "run": 1}} {"ts": 1793143111.271116, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8edd3903b857da61e490ba5bed693c56b32b07e78a0d291add98fe0cc2cb1e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0498, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.05, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.05, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001664876937866211, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 1, "run": 1}} {"ts": 1793143111.272906, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8edd3903b857da61e490ba5bed693c56b32b07e78a0d291add98fe0cc2cb1e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0498, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 0.05, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.05, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016090869903564453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 5, "run": 1}} {"ts": 1793143111.2765481, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8edd3903b857da61e490ba5bed693c56b32b07e78a0d291add98fe0cc2cb1e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0498, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.05, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.05, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003464937210083008, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 4, "run": 1}} {"ts": 1793143111.2791948, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8edd3903b857da61e490ba5bed693c56b32b07e78a0d291add98fe0cc2cb1e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0498, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.05, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.05, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022521018981933594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 3, "run": 1}} {"ts": 1793143111.2817762, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8edd3903b857da61e490ba5bed693c56b32b07e78a0d291add98fe0cc2cb1e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0498, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 0.05, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.05, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022280216217041016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 2, "run": 1}} {"ts": 1793143111.288952, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8edd3903b857da61e490ba5bed693c56b32b07e78a0d291add98fe0cc2cb1e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0498, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 0.05, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.05, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00687098503112793, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 0, "run": 1}} {"ts": 1793143111.2912378, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8edd3903b857da61e490ba5bed693c56b32b07e78a0d291add98fe0cc2cb1e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0498, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 0.05, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.05, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018639564514160156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 6, "run": 1}} {"ts": 1793143111.293302, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e9de2ef9e6d96624729aa8f60e83a08fe822b58075976937f7afe9e70ad9dfb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0573, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6565, \"target_holdings\": 3.0639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 2.06, \"order_type\": \"limit\", \"limit_price\": 4.6332, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.06, "order_type": "limit", "limit_price": 4.6332, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016698837280273438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 4, "run": 1}} {"ts": 1793143111.295077, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e9de2ef9e6d96624729aa8f60e83a08fe822b58075976937f7afe9e70ad9dfb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0573, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6565, \"target_holdings\": 3.0639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 2.06, \"order_type\": \"limit\", \"limit_price\": 4.6332, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.06, "order_type": "limit", "limit_price": 4.6332, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015950202941894531, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 1, "run": 1}} {"ts": 1793143111.2968, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e9de2ef9e6d96624729aa8f60e83a08fe822b58075976937f7afe9e70ad9dfb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0573, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6565, \"target_holdings\": 3.0639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 2.06, \"order_type\": \"limit\", \"limit_price\": 4.6332, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.06, "order_type": "limit", "limit_price": 4.6332, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015480518341064453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 6, "run": 1}} {"ts": 1793143111.2984698, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e9de2ef9e6d96624729aa8f60e83a08fe822b58075976937f7afe9e70ad9dfb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0573, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6565, \"target_holdings\": 3.0639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 2.06, \"order_type\": \"limit\", \"limit_price\": 4.6332, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.06, "order_type": "limit", "limit_price": 4.6332, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001512289047241211, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 3, "run": 1}} {"ts": 1793143111.305333, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e9de2ef9e6d96624729aa8f60e83a08fe822b58075976937f7afe9e70ad9dfb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0573, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6565, \"target_holdings\": 3.0639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 2.06, \"order_type\": \"limit\", \"limit_price\": 4.6332, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.06, "order_type": "limit", "limit_price": 4.6332, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0067179203033447266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 0, "run": 1}} {"ts": 1793143111.308102, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e9de2ef9e6d96624729aa8f60e83a08fe822b58075976937f7afe9e70ad9dfb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0573, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6565, \"target_holdings\": 3.0639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 2.06, \"order_type\": \"limit\", \"limit_price\": 4.6332, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.06, "order_type": "limit", "limit_price": 4.6332, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023522377014160156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 7, "run": 1}} {"ts": 1793143111.3107882, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e9de2ef9e6d96624729aa8f60e83a08fe822b58075976937f7afe9e70ad9dfb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0573, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6565, \"target_holdings\": 3.0639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 2.06, \"order_type\": \"limit\", \"limit_price\": 4.6332, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.06, "order_type": "limit", "limit_price": 4.6332, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023229122161865234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 5, "run": 1}} {"ts": 1793143111.313449, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e9de2ef9e6d96624729aa8f60e83a08fe822b58075976937f7afe9e70ad9dfb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0573, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6565, \"target_holdings\": 3.0639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 2.06, \"order_type\": \"limit\", \"limit_price\": 4.6332, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.06, "order_type": "limit", "limit_price": 4.6332, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023250579833984375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 2, "run": 1}} {"ts": 1793143111.315865, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8d27942bbb1bcb64cde334b41cb31f8e54ae0a834076c1526816fb0fdbd7941c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.1971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.2, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.2, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018680095672607422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 2, "run": 1}} {"ts": 1793143111.317685, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8d27942bbb1bcb64cde334b41cb31f8e54ae0a834076c1526816fb0fdbd7941c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.1971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 0.2, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.2, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015859603881835938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 7, "run": 1}} {"ts": 1793143111.319416, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8d27942bbb1bcb64cde334b41cb31f8e54ae0a834076c1526816fb0fdbd7941c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.1971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.2, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.2, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015511512756347656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 5, "run": 1}} {"ts": 1793143111.321103, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8d27942bbb1bcb64cde334b41cb31f8e54ae0a834076c1526816fb0fdbd7941c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.1971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.2, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.2, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015211105346679688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 0, "run": 1}} {"ts": 1793143111.322755, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8d27942bbb1bcb64cde334b41cb31f8e54ae0a834076c1526816fb0fdbd7941c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.1971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.2, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.2, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015070438385009766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 6, "run": 1}} {"ts": 1793143111.3243892, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8d27942bbb1bcb64cde334b41cb31f8e54ae0a834076c1526816fb0fdbd7941c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.1971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.2, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.2, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014941692352294922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 3, "run": 1}} {"ts": 1793143111.326035, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8d27942bbb1bcb64cde334b41cb31f8e54ae0a834076c1526816fb0fdbd7941c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.1971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 0.2, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.2, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015077590942382812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 1, "run": 1}} {"ts": 1793143111.327685, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8d27942bbb1bcb64cde334b41cb31f8e54ae0a834076c1526816fb0fdbd7941c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.1971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.2, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.2, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015010833740234375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 4, "run": 1}} {"ts": 1793143111.3295581, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2908fb889edf3c8b72559ba198087996d49501a4867c68f8de54040cc2de36a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0521, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6513, \"target_holdings\": 1.5802}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.58, \"order_type\": \"limit\", \"limit_price\": 4.628, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.58, "order_type": "limit", "limit_price": 4.628, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015492439270019531, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 6, "run": 1}} {"ts": 1793143111.331243, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2908fb889edf3c8b72559ba198087996d49501a4867c68f8de54040cc2de36a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0521, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6513, \"target_holdings\": 1.5802}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 0.58, \"order_type\": \"limit\", \"limit_price\": 4.628, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.58, "order_type": "limit", "limit_price": 4.628, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015239715576171875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 7, "run": 1}} {"ts": 1793143111.3329291, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2908fb889edf3c8b72559ba198087996d49501a4867c68f8de54040cc2de36a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0521, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6513, \"target_holdings\": 1.5802}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.58, \"order_type\": \"limit\", \"limit_price\": 4.628, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.58, "order_type": "limit", "limit_price": 4.628, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015299320220947266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 5, "run": 1}} {"ts": 1793143111.3354082, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2908fb889edf3c8b72559ba198087996d49501a4867c68f8de54040cc2de36a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0521, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6513, \"target_holdings\": 1.5802}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.58, \"order_type\": \"limit\", \"limit_price\": 4.628, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.58, "order_type": "limit", "limit_price": 4.628, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002323150634765625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 0, "run": 1}} {"ts": 1793143111.338685, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2908fb889edf3c8b72559ba198087996d49501a4867c68f8de54040cc2de36a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0521, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6513, \"target_holdings\": 1.5802}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 0.58, \"order_type\": \"limit\", \"limit_price\": 4.628, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.58, "order_type": "limit", "limit_price": 4.628, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0027823448181152344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 1, "run": 1}} {"ts": 1793143111.340503, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2908fb889edf3c8b72559ba198087996d49501a4867c68f8de54040cc2de36a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0521, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6513, \"target_holdings\": 1.5802}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.58, \"order_type\": \"limit\", \"limit_price\": 4.628, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.58, "order_type": "limit", "limit_price": 4.628, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015769004821777344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 3, "run": 1}} {"ts": 1793143111.342216, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2908fb889edf3c8b72559ba198087996d49501a4867c68f8de54040cc2de36a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0521, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6513, \"target_holdings\": 1.5802}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.58, \"order_type\": \"limit\", \"limit_price\": 4.628, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.58, "order_type": "limit", "limit_price": 4.628, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001535177230834961, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 2, "run": 1}} {"ts": 1793143111.343898, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2908fb889edf3c8b72559ba198087996d49501a4867c68f8de54040cc2de36a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0521, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6513, \"target_holdings\": 1.5802}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.58, \"order_type\": \"limit\", \"limit_price\": 4.628, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.58, "order_type": "limit", "limit_price": 4.628, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015170574188232422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 4, "run": 1}} {"ts": 1793143111.3480551, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9c067a167f692e9d4ebec18813aa4a6b75adbb965b0b0374e99e37311a0cf5e1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0472, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6465, \"target_holdings\": 0.2233}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 0.78, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.78, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0038290023803710938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 6, "run": 1}} {"ts": 1793143111.35103, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9c067a167f692e9d4ebec18813aa4a6b75adbb965b0b0374e99e37311a0cf5e1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0472, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6465, \"target_holdings\": 0.2233}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.78, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.78, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002537250518798828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 1, "run": 1}} {"ts": 1793143111.354002, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9c067a167f692e9d4ebec18813aa4a6b75adbb965b0b0374e99e37311a0cf5e1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0472, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6465, \"target_holdings\": 0.2233}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 0.78, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.78, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002569913864135742, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 0, "run": 1}} {"ts": 1793143111.3569129, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9c067a167f692e9d4ebec18813aa4a6b75adbb965b0b0374e99e37311a0cf5e1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0472, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6465, \"target_holdings\": 0.2233}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.78, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.78, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024869441986083984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 7, "run": 1}} {"ts": 1793143111.361598, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9c067a167f692e9d4ebec18813aa4a6b75adbb965b0b0374e99e37311a0cf5e1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0472, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6465, \"target_holdings\": 0.2233}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 0.78, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.78, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004321098327636719, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 2, "run": 1}} {"ts": 1793143111.363798, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9c067a167f692e9d4ebec18813aa4a6b75adbb965b0b0374e99e37311a0cf5e1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0472, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6465, \"target_holdings\": 0.2233}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.78, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.78, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018198490142822266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 4, "run": 1}} {"ts": 1793143111.365551, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9c067a167f692e9d4ebec18813aa4a6b75adbb965b0b0374e99e37311a0cf5e1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0472, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6465, \"target_holdings\": 0.2233}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 0.78, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.78, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015401840209960938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 5, "run": 1}} {"ts": 1793143111.367263, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9c067a167f692e9d4ebec18813aa4a6b75adbb965b0b0374e99e37311a0cf5e1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0472, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6465, \"target_holdings\": 0.2233}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.78, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.78, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001531839370727539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 3, "run": 1}} {"ts": 1793143111.36927, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4e531eea545c5f1482dc071274dbb3e9dabeee86c2a7799f16c9bfaa1f8d7b02", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 2.9937}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 1.99, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.99, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016570091247558594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 6, "run": 1}} {"ts": 1793143111.373077, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4e531eea545c5f1482dc071274dbb3e9dabeee86c2a7799f16c9bfaa1f8d7b02", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 2.9937}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 1.99, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.99, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0036199092864990234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 2, "run": 1}} {"ts": 1793143111.375825, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4e531eea545c5f1482dc071274dbb3e9dabeee86c2a7799f16c9bfaa1f8d7b02", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 2.9937}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 1.99, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.99, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002360105514526367, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 1, "run": 1}} {"ts": 1793143111.3784041, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4e531eea545c5f1482dc071274dbb3e9dabeee86c2a7799f16c9bfaa1f8d7b02", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 2.9937}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 1.99, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.99, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002241849899291992, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 3, "run": 1}} {"ts": 1793143111.3810408, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4e531eea545c5f1482dc071274dbb3e9dabeee86c2a7799f16c9bfaa1f8d7b02", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 2.9937}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 1.99, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.99, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023391246795654297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 5, "run": 1}} {"ts": 1793143111.3838248, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4e531eea545c5f1482dc071274dbb3e9dabeee86c2a7799f16c9bfaa1f8d7b02", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 2.9937}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 1.99, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.99, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024099349975585938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 7, "run": 1}} {"ts": 1793143111.386386, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4e531eea545c5f1482dc071274dbb3e9dabeee86c2a7799f16c9bfaa1f8d7b02", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 2.9937}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.99, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.99, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022521018981933594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 4, "run": 1}} {"ts": 1793143111.389021, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4e531eea545c5f1482dc071274dbb3e9dabeee86c2a7799f16c9bfaa1f8d7b02", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 2.9937}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 1.99, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.99, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023190975189208984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 0, "run": 1}} {"ts": 1793143111.394874, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "73e19d9a114386445c9cfceb6efb5d8985ad27fc96d5e40da33aa914f68d6569", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0543, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6535, \"target_holdings\": 2.1997}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 1.2, \"order_type\": \"limit\", \"limit_price\": 4.6302, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.2, "order_type": "limit", "limit_price": 4.6302, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005473136901855469, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 0, "run": 1}} {"ts": 1793143111.397278, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "73e19d9a114386445c9cfceb6efb5d8985ad27fc96d5e40da33aa914f68d6569", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0543, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6535, \"target_holdings\": 2.1997}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 1.2, \"order_type\": \"limit\", \"limit_price\": 4.6302, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.2, "order_type": "limit", "limit_price": 4.6302, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017020702362060547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 6, "run": 1}} {"ts": 1793143111.399065, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "73e19d9a114386445c9cfceb6efb5d8985ad27fc96d5e40da33aa914f68d6569", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0543, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6535, \"target_holdings\": 2.1997}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 1.2, \"order_type\": \"limit\", \"limit_price\": 4.6302, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.2, "order_type": "limit", "limit_price": 4.6302, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015668869018554688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 7, "run": 1}} {"ts": 1793143111.4047182, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "73e19d9a114386445c9cfceb6efb5d8985ad27fc96d5e40da33aa914f68d6569", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0543, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6535, \"target_holdings\": 2.1997}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 1.2, \"order_type\": \"limit\", \"limit_price\": 4.6302, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.2, "order_type": "limit", "limit_price": 4.6302, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002530813217163086, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 2, "run": 1}} {"ts": 1793143111.407418, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "73e19d9a114386445c9cfceb6efb5d8985ad27fc96d5e40da33aa914f68d6569", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0543, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6535, \"target_holdings\": 2.1997}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 1.2, \"order_type\": \"limit\", \"limit_price\": 4.6302, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.2, "order_type": "limit", "limit_price": 4.6302, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023300647735595703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 5, "run": 1}} {"ts": 1793143111.409975, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "73e19d9a114386445c9cfceb6efb5d8985ad27fc96d5e40da33aa914f68d6569", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0543, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6535, \"target_holdings\": 2.1997}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 1.2, \"order_type\": \"limit\", \"limit_price\": 4.6302, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.2, "order_type": "limit", "limit_price": 4.6302, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022346973419189453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 1, "run": 1}} {"ts": 1793143111.412698, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "73e19d9a114386445c9cfceb6efb5d8985ad27fc96d5e40da33aa914f68d6569", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0543, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6535, \"target_holdings\": 2.1997}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.2, \"order_type\": \"limit\", \"limit_price\": 4.6302, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.2, "order_type": "limit", "limit_price": 4.6302, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024042129516601562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 4, "run": 1}} {"ts": 1793143111.415272, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "73e19d9a114386445c9cfceb6efb5d8985ad27fc96d5e40da33aa914f68d6569", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0543, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6535, \"target_holdings\": 2.1997}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 1.2, \"order_type\": \"limit\", \"limit_price\": 4.6302, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.2, "order_type": "limit", "limit_price": 4.6302, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022630691528320312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 3, "run": 1}} {"ts": 1793143111.418143, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3def799b55fcfb15b14fecbdeb610275339b19ffcd533bf3bc9bbb5b36927244", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0504, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6496, \"target_holdings\": 1.1012}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.1, \"order_type\": \"limit\", \"limit_price\": 4.6264, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.1, "order_type": "limit", "limit_price": 4.6264, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023441314697265625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 0, "run": 1}} {"ts": 1793143111.420741, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3def799b55fcfb15b14fecbdeb610275339b19ffcd533bf3bc9bbb5b36927244", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0504, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6496, \"target_holdings\": 1.1012}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.1, \"order_type\": \"limit\", \"limit_price\": 4.6264, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.1, "order_type": "limit", "limit_price": 4.6264, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022830963134765625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 2, "run": 1}} {"ts": 1793143111.423276, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3def799b55fcfb15b14fecbdeb610275339b19ffcd533bf3bc9bbb5b36927244", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0504, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6496, \"target_holdings\": 1.1012}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.1, \"order_type\": \"limit\", \"limit_price\": 4.6264, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.1, "order_type": "limit", "limit_price": 4.6264, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022268295288085938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 6, "run": 1}} {"ts": 1793143111.425334, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3def799b55fcfb15b14fecbdeb610275339b19ffcd533bf3bc9bbb5b36927244", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0504, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6496, \"target_holdings\": 1.1012}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 0.1, \"order_type\": \"limit\", \"limit_price\": 4.6264, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.1, "order_type": "limit", "limit_price": 4.6264, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017657279968261719, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 7, "run": 1}} {"ts": 1793143111.427101, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3def799b55fcfb15b14fecbdeb610275339b19ffcd533bf3bc9bbb5b36927244", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0504, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6496, \"target_holdings\": 1.1012}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.1, \"order_type\": \"limit\", \"limit_price\": 4.6264, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.1, "order_type": "limit", "limit_price": 4.6264, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015552043914794922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 4, "run": 1}} {"ts": 1793143111.4287958, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3def799b55fcfb15b14fecbdeb610275339b19ffcd533bf3bc9bbb5b36927244", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0504, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6496, \"target_holdings\": 1.1012}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 0.1, \"order_type\": \"limit\", \"limit_price\": 4.6264, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.1, "order_type": "limit", "limit_price": 4.6264, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015261173248291016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 1, "run": 1}} {"ts": 1793143111.430453, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3def799b55fcfb15b14fecbdeb610275339b19ffcd533bf3bc9bbb5b36927244", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0504, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6496, \"target_holdings\": 1.1012}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.1, \"order_type\": \"limit\", \"limit_price\": 4.6264, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.1, "order_type": "limit", "limit_price": 4.6264, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014960765838623047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 3, "run": 1}} {"ts": 1793143111.432357, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3def799b55fcfb15b14fecbdeb610275339b19ffcd533bf3bc9bbb5b36927244", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0504, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6496, \"target_holdings\": 1.1012}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.1, \"order_type\": \"limit\", \"limit_price\": 4.6264, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.1, "order_type": "limit", "limit_price": 4.6264, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001756906509399414, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 5, "run": 1}} {"ts": 1793143111.434402, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c68deac29a53068e70b44891a5a48d1d3160a5bccd579f39bea721cd4bb0b071", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.209}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 0.21, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.21, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001714944839477539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 1, "run": 1}} {"ts": 1793143111.436479, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c68deac29a53068e70b44891a5a48d1d3160a5bccd579f39bea721cd4bb0b071", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.209}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.21, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.21, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001873016357421875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 0, "run": 1}} {"ts": 1793143111.438758, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c68deac29a53068e70b44891a5a48d1d3160a5bccd579f39bea721cd4bb0b071", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.209}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.21, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.21, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002073049545288086, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 3, "run": 1}} {"ts": 1793143111.441064, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c68deac29a53068e70b44891a5a48d1d3160a5bccd579f39bea721cd4bb0b071", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.209}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.21, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.21, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002048969268798828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 2, "run": 1}} {"ts": 1793143111.4433012, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c68deac29a53068e70b44891a5a48d1d3160a5bccd579f39bea721cd4bb0b071", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.209}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 0.21, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.21, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002034902572631836, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 7, "run": 1}} {"ts": 1793143111.4453812, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c68deac29a53068e70b44891a5a48d1d3160a5bccd579f39bea721cd4bb0b071", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.209}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.21, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.21, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018832683563232422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 4, "run": 1}} {"ts": 1793143111.447219, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c68deac29a53068e70b44891a5a48d1d3160a5bccd579f39bea721cd4bb0b071", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.209}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.21, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.21, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016632080078125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 6, "run": 1}} {"ts": 1793143111.4490979, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c68deac29a53068e70b44891a5a48d1d3160a5bccd579f39bea721cd4bb0b071", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0507, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.209}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.21, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.21, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00168609619140625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 5, "run": 1}} {"ts": 1793143111.452909, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d99e7a9aeb3a423c58abcf5a52f1c44a6b3f36fe74e7789b8225843c9fdd1e35", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.044, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6433, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0027391910552978516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 3, "run": 1}} {"ts": 1793143111.4557388, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d99e7a9aeb3a423c58abcf5a52f1c44a6b3f36fe74e7789b8225843c9fdd1e35", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.044, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6433, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023920536041259766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 6, "run": 1}} {"ts": 1793143111.4586592, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d99e7a9aeb3a423c58abcf5a52f1c44a6b3f36fe74e7789b8225843c9fdd1e35", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.044, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6433, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00255584716796875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 7, "run": 1}} {"ts": 1793143111.463336, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d99e7a9aeb3a423c58abcf5a52f1c44a6b3f36fe74e7789b8225843c9fdd1e35", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.044, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6433, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004307985305786133, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 2, "run": 1}} {"ts": 1793143111.466035, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d99e7a9aeb3a423c58abcf5a52f1c44a6b3f36fe74e7789b8225843c9fdd1e35", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.044, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6433, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002274036407470703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 4, "run": 1}} {"ts": 1793143111.468034, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d99e7a9aeb3a423c58abcf5a52f1c44a6b3f36fe74e7789b8225843c9fdd1e35", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.044, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6433, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001703023910522461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 0, "run": 1}} {"ts": 1793143111.4698439, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d99e7a9aeb3a423c58abcf5a52f1c44a6b3f36fe74e7789b8225843c9fdd1e35", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.044, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6433, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016129016876220703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 5, "run": 1}} {"ts": 1793143111.471599, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d99e7a9aeb3a423c58abcf5a52f1c44a6b3f36fe74e7789b8225843c9fdd1e35", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.044, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6433, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6665, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6665, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015780925750732422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 1, "run": 1}} {"ts": 1793143111.47357, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "183e4d1089ea298bfd13be830063995bd6ef3c8198d97c3e62766807f2a439c6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6392, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6624, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6624, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016388893127441406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 5, "run": 1}} {"ts": 1793143111.4753401, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "183e4d1089ea298bfd13be830063995bd6ef3c8198d97c3e62766807f2a439c6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6392, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6624, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6624, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015978813171386719, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 3, "run": 1}} {"ts": 1793143111.478755, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "183e4d1089ea298bfd13be830063995bd6ef3c8198d97c3e62766807f2a439c6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6392, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6624, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6624, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003253936767578125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 0, "run": 1}} {"ts": 1793143111.4814138, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "183e4d1089ea298bfd13be830063995bd6ef3c8198d97c3e62766807f2a439c6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6392, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6624, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6624, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023260116577148438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 2, "run": 1}} {"ts": 1793143111.4840121, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "183e4d1089ea298bfd13be830063995bd6ef3c8198d97c3e62766807f2a439c6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6392, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6624, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6624, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002270936965942383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 4, "run": 1}} {"ts": 1793143111.4865751, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "183e4d1089ea298bfd13be830063995bd6ef3c8198d97c3e62766807f2a439c6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6392, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6624, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6624, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002259969711303711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 7, "run": 1}} {"ts": 1793143111.489066, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "183e4d1089ea298bfd13be830063995bd6ef3c8198d97c3e62766807f2a439c6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6392, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6624, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6624, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002195119857788086, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 1, "run": 1}} {"ts": 1793143111.49154, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "183e4d1089ea298bfd13be830063995bd6ef3c8198d97c3e62766807f2a439c6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6392, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6624, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6624, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021843910217285156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 6, "run": 1}} {"ts": 1793143111.4942799, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8de2b77673a5276bc1390d23ede00e4f5f4dee75be685c7b5f372f44468eef8d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0519, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6511, \"target_holdings\": 1.5304}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.53, \"order_type\": \"limit\", \"limit_price\": 4.6278, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.53, "order_type": "limit", "limit_price": 4.6278, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002226114273071289, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 4, "run": 1}} {"ts": 1793143111.496802, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8de2b77673a5276bc1390d23ede00e4f5f4dee75be685c7b5f372f44468eef8d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0519, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6511, \"target_holdings\": 1.5304}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.53, \"order_type\": \"limit\", \"limit_price\": 4.6278, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.53, "order_type": "limit", "limit_price": 4.6278, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022249221801757812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 6, "run": 1}} {"ts": 1793143111.49931, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8de2b77673a5276bc1390d23ede00e4f5f4dee75be685c7b5f372f44468eef8d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0519, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6511, \"target_holdings\": 1.5304}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.53, \"order_type\": \"limit\", \"limit_price\": 4.6278, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.53, "order_type": "limit", "limit_price": 4.6278, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022211074829101562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 0, "run": 1}} {"ts": 1793143111.5018759, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8de2b77673a5276bc1390d23ede00e4f5f4dee75be685c7b5f372f44468eef8d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0519, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6511, \"target_holdings\": 1.5304}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.53, \"order_type\": \"limit\", \"limit_price\": 4.6278, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.53, "order_type": "limit", "limit_price": 4.6278, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022749900817871094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 2, "run": 1}} {"ts": 1793143111.504394, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8de2b77673a5276bc1390d23ede00e4f5f4dee75be685c7b5f372f44468eef8d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0519, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6511, \"target_holdings\": 1.5304}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.53, \"order_type\": \"limit\", \"limit_price\": 4.6278, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.53, "order_type": "limit", "limit_price": 4.6278, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002226114273071289, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 5, "run": 1}} {"ts": 1793143111.506398, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8de2b77673a5276bc1390d23ede00e4f5f4dee75be685c7b5f372f44468eef8d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0519, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6511, \"target_holdings\": 1.5304}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.53, \"order_type\": \"limit\", \"limit_price\": 4.6278, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.53, "order_type": "limit", "limit_price": 4.6278, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001699209213256836, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 3, "run": 1}} {"ts": 1793143111.508221, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8de2b77673a5276bc1390d23ede00e4f5f4dee75be685c7b5f372f44468eef8d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0519, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6511, \"target_holdings\": 1.5304}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 0.53, \"order_type\": \"limit\", \"limit_price\": 4.6278, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.53, "order_type": "limit", "limit_price": 4.6278, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016219615936279297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 1, "run": 1}} {"ts": 1793143111.510004, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8de2b77673a5276bc1390d23ede00e4f5f4dee75be685c7b5f372f44468eef8d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0519, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6511, \"target_holdings\": 1.5304}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 0.53, \"order_type\": \"limit\", \"limit_price\": 4.6278, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.53, "order_type": "limit", "limit_price": 4.6278, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015959739685058594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 7, "run": 1}} {"ts": 1793143111.512007, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0dd25e07ab2ecc46d26ac440f3ff23da87d94406cec0afa8b5b766b6a845e3b3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6502, \"target_holdings\": 1.2684}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.27, \"order_type\": \"limit\", \"limit_price\": 4.6269, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.27, "order_type": "limit", "limit_price": 4.6269, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001641988754272461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 6, "run": 1}} {"ts": 1793143111.5153248, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0dd25e07ab2ecc46d26ac440f3ff23da87d94406cec0afa8b5b766b6a845e3b3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6502, \"target_holdings\": 1.2684}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.27, \"order_type\": \"limit\", \"limit_price\": 4.6269, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.27, "order_type": "limit", "limit_price": 4.6269, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0029942989349365234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 0, "run": 1}} {"ts": 1793143111.5172899, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0dd25e07ab2ecc46d26ac440f3ff23da87d94406cec0afa8b5b766b6a845e3b3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6502, \"target_holdings\": 1.2684}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.27, \"order_type\": \"limit\", \"limit_price\": 4.6269, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.27, "order_type": "limit", "limit_price": 4.6269, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016870498657226562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 4, "run": 1}} {"ts": 1793143111.51909, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0dd25e07ab2ecc46d26ac440f3ff23da87d94406cec0afa8b5b766b6a845e3b3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6502, \"target_holdings\": 1.2684}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.27, \"order_type\": \"limit\", \"limit_price\": 4.6269, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.27, "order_type": "limit", "limit_price": 4.6269, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016071796417236328, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 5, "run": 1}} {"ts": 1793143111.520869, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0dd25e07ab2ecc46d26ac440f3ff23da87d94406cec0afa8b5b766b6a845e3b3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6502, \"target_holdings\": 1.2684}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.27, \"order_type\": \"limit\", \"limit_price\": 4.6269, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.27, "order_type": "limit", "limit_price": 4.6269, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015952587127685547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 3, "run": 1}} {"ts": 1793143111.5226262, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0dd25e07ab2ecc46d26ac440f3ff23da87d94406cec0afa8b5b766b6a845e3b3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6502, \"target_holdings\": 1.2684}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 0.27, \"order_type\": \"limit\", \"limit_price\": 4.6269, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.27, "order_type": "limit", "limit_price": 4.6269, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015769004821777344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 7, "run": 1}} {"ts": 1793143111.524362, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0dd25e07ab2ecc46d26ac440f3ff23da87d94406cec0afa8b5b766b6a845e3b3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6502, \"target_holdings\": 1.2684}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 0.27, \"order_type\": \"limit\", \"limit_price\": 4.6269, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.27, "order_type": "limit", "limit_price": 4.6269, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015749931335449219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 1, "run": 1}} {"ts": 1793143111.526792, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0dd25e07ab2ecc46d26ac440f3ff23da87d94406cec0afa8b5b766b6a845e3b3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6502, \"target_holdings\": 1.2684}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.27, \"order_type\": \"limit\", \"limit_price\": 4.6269, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.27, "order_type": "limit", "limit_price": 4.6269, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002274036407470703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 2, "run": 1}} {"ts": 1793143111.5297012, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2fa7a6e29b96d27ed54f5b32af7907a352b96252384f79ec63f8eaae788731b7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8145}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002331972122192383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 5, "run": 1}} {"ts": 1793143111.533155, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2fa7a6e29b96d27ed54f5b32af7907a352b96252384f79ec63f8eaae788731b7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8145}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003144979476928711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 3, "run": 1}} {"ts": 1793143111.538185, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2fa7a6e29b96d27ed54f5b32af7907a352b96252384f79ec63f8eaae788731b7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8145}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004621028900146484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 7, "run": 1}} {"ts": 1793143111.543019, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2fa7a6e29b96d27ed54f5b32af7907a352b96252384f79ec63f8eaae788731b7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8145}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019106864929199219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 4, "run": 1}} {"ts": 1793143111.544889, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2fa7a6e29b96d27ed54f5b32af7907a352b96252384f79ec63f8eaae788731b7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8145}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016052722930908203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 1, "run": 1}} {"ts": 1793143111.5466309, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2fa7a6e29b96d27ed54f5b32af7907a352b96252384f79ec63f8eaae788731b7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8145}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015521049499511719, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 6, "run": 1}} {"ts": 1793143111.5483048, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2fa7a6e29b96d27ed54f5b32af7907a352b96252384f79ec63f8eaae788731b7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8145}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015101432800292969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 0, "run": 1}} {"ts": 1793143111.549948, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2fa7a6e29b96d27ed54f5b32af7907a352b96252384f79ec63f8eaae788731b7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6486, \"target_holdings\": 0.8145}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 0.19, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.19, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014901161193847656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 2, "run": 1}} {"ts": 1793143111.551775, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8420d42389daf5f9d104ca920a6ebc370a8de59cb5f48f15eed620283966507c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0363, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6357, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6589, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6589, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015239715576171875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 4, "run": 1}} {"ts": 1793143111.554477, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8420d42389daf5f9d104ca920a6ebc370a8de59cb5f48f15eed620283966507c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0363, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6357, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6589, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6589, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025527477264404297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 5, "run": 1}} {"ts": 1793143111.557256, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8420d42389daf5f9d104ca920a6ebc370a8de59cb5f48f15eed620283966507c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0363, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6357, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6589, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6589, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002368927001953125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 0, "run": 1}} {"ts": 1793143111.559916, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8420d42389daf5f9d104ca920a6ebc370a8de59cb5f48f15eed620283966507c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0363, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6357, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6589, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6589, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002310037612915039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 6, "run": 1}} {"ts": 1793143111.562505, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8420d42389daf5f9d104ca920a6ebc370a8de59cb5f48f15eed620283966507c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0363, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6357, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6589, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6589, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002249002456665039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 2, "run": 1}} {"ts": 1793143111.564831, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8420d42389daf5f9d104ca920a6ebc370a8de59cb5f48f15eed620283966507c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0363, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6357, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6589, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6589, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020079612731933594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 7, "run": 1}} {"ts": 1793143111.5666602, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8420d42389daf5f9d104ca920a6ebc370a8de59cb5f48f15eed620283966507c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0363, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6357, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6589, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6589, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015859603881835938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 3, "run": 1}} {"ts": 1793143111.568418, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8420d42389daf5f9d104ca920a6ebc370a8de59cb5f48f15eed620283966507c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0363, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6357, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6589, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6589, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015609264373779297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 1, "run": 1}} {"ts": 1793143111.570345, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "635881627d448cfd401d13a8c4d94772ceda635dfa9d600e8e57800d76834a6a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.217}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.22, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.22, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015869140625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 3, "run": 1}} {"ts": 1793143111.572076, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "635881627d448cfd401d13a8c4d94772ceda635dfa9d600e8e57800d76834a6a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.217}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.22, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.22, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015501976013183594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 5, "run": 1}} {"ts": 1793143111.5738082, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "635881627d448cfd401d13a8c4d94772ceda635dfa9d600e8e57800d76834a6a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.217}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.22, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.22, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015420913696289062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 6, "run": 1}} {"ts": 1793143111.576173, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "635881627d448cfd401d13a8c4d94772ceda635dfa9d600e8e57800d76834a6a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.217}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.22, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.22, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00220489501953125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 0, "run": 1}} {"ts": 1793143111.578669, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "635881627d448cfd401d13a8c4d94772ceda635dfa9d600e8e57800d76834a6a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.217}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.22, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.22, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021860599517822266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 2, "run": 1}} {"ts": 1793143111.581219, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "635881627d448cfd401d13a8c4d94772ceda635dfa9d600e8e57800d76834a6a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.217}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.22, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.22, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002232074737548828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 4, "run": 1}} {"ts": 1793143111.58374, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "635881627d448cfd401d13a8c4d94772ceda635dfa9d600e8e57800d76834a6a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.217}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 0.22, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.22, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002209901809692383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 7, "run": 1}} {"ts": 1793143111.587861, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "635881627d448cfd401d13a8c4d94772ceda635dfa9d600e8e57800d76834a6a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.65, \"target_holdings\": 1.217}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 0.22, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.22, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0038161277770996094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 1, "run": 1}} {"ts": 1793143111.589851, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3e69b95b5e5c10a404ca5e6b6556a89136ca2eb14d7c2893c66e08e7c82f07d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016050338745117188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 4, "run": 1}} {"ts": 1793143111.591561, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3e69b95b5e5c10a404ca5e6b6556a89136ca2eb14d7c2893c66e08e7c82f07d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015349388122558594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 5, "run": 1}} {"ts": 1793143111.593246, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3e69b95b5e5c10a404ca5e6b6556a89136ca2eb14d7c2893c66e08e7c82f07d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015218257904052734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 7, "run": 1}} {"ts": 1793143111.594941, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3e69b95b5e5c10a404ca5e6b6556a89136ca2eb14d7c2893c66e08e7c82f07d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001538991928100586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 0, "run": 1}} {"ts": 1793143111.597528, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3e69b95b5e5c10a404ca5e6b6556a89136ca2eb14d7c2893c66e08e7c82f07d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024290084838867188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 6, "run": 1}} {"ts": 1793143111.600086, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3e69b95b5e5c10a404ca5e6b6556a89136ca2eb14d7c2893c66e08e7c82f07d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022249221801757812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 2, "run": 1}} {"ts": 1793143111.6025758, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3e69b95b5e5c10a404ca5e6b6556a89136ca2eb14d7c2893c66e08e7c82f07d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021669864654541016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 3, "run": 1}} {"ts": 1793143111.605085, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3e69b95b5e5c10a404ca5e6b6556a89136ca2eb14d7c2893c66e08e7c82f07d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002203226089477539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 1, "run": 1}} {"ts": 1793143111.61697, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cdb2eb78f1148ef38f436ae6c07aad364de049678bbaa825131f6a06fbd1bfef", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6393, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.011327028274536133, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 2, "run": 1}} {"ts": 1793143111.619712, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cdb2eb78f1148ef38f436ae6c07aad364de049678bbaa825131f6a06fbd1bfef", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6393, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023276805877685547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 3, "run": 1}} {"ts": 1793143111.6222699, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cdb2eb78f1148ef38f436ae6c07aad364de049678bbaa825131f6a06fbd1bfef", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6393, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022399425506591797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 5, "run": 1}} {"ts": 1793143111.624759, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cdb2eb78f1148ef38f436ae6c07aad364de049678bbaa825131f6a06fbd1bfef", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6393, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021829605102539062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 6, "run": 1}} {"ts": 1793143111.627289, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cdb2eb78f1148ef38f436ae6c07aad364de049678bbaa825131f6a06fbd1bfef", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6393, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022721290588378906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 7, "run": 1}} {"ts": 1793143111.6298392, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cdb2eb78f1148ef38f436ae6c07aad364de049678bbaa825131f6a06fbd1bfef", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6393, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022521018981933594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 4, "run": 1}} {"ts": 1793143111.631763, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cdb2eb78f1148ef38f436ae6c07aad364de049678bbaa825131f6a06fbd1bfef", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6393, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016317367553710938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 0, "run": 1}} {"ts": 1793143111.633505, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cdb2eb78f1148ef38f436ae6c07aad364de049678bbaa825131f6a06fbd1bfef", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6393, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015559196472167969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 1, "run": 1}} {"ts": 1793143111.6353989, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "de3d6e0d774efd10b2547bc7de122a4ac2eda561e6ffe4943e7bacd80d529a5b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0606, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6597, \"target_holdings\": 3.9911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 2.99, \"order_type\": \"limit\", \"limit_price\": 4.6364, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.99, "order_type": "limit", "limit_price": 4.6364, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015649795532226562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 1, "run": 1}} {"ts": 1793143111.6371121, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "de3d6e0d774efd10b2547bc7de122a4ac2eda561e6ffe4943e7bacd80d529a5b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0606, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6597, \"target_holdings\": 3.9911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 2.99, \"order_type\": \"limit\", \"limit_price\": 4.6364, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.99, "order_type": "limit", "limit_price": 4.6364, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015361309051513672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 2, "run": 1}} {"ts": 1793143111.6391659, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "de3d6e0d774efd10b2547bc7de122a4ac2eda561e6ffe4943e7bacd80d529a5b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0606, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6597, \"target_holdings\": 3.9911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 2.99, \"order_type\": \"limit\", \"limit_price\": 4.6364, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.99, "order_type": "limit", "limit_price": 4.6364, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018880367279052734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 4, "run": 1}} {"ts": 1793143111.641909, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "de3d6e0d774efd10b2547bc7de122a4ac2eda561e6ffe4943e7bacd80d529a5b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0606, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6597, \"target_holdings\": 3.9911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 2.99, \"order_type\": \"limit\", \"limit_price\": 4.6364, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.99, "order_type": "limit", "limit_price": 4.6364, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002351045608520508, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 7, "run": 1}} {"ts": 1793143111.6444612, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "de3d6e0d774efd10b2547bc7de122a4ac2eda561e6ffe4943e7bacd80d529a5b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0606, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6597, \"target_holdings\": 3.9911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 2.99, \"order_type\": \"limit\", \"limit_price\": 4.6364, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.99, "order_type": "limit", "limit_price": 4.6364, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022249221801757812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 6, "run": 1}} {"ts": 1793143111.646761, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "de3d6e0d774efd10b2547bc7de122a4ac2eda561e6ffe4943e7bacd80d529a5b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0606, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6597, \"target_holdings\": 3.9911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 2.99, \"order_type\": \"limit\", \"limit_price\": 4.6364, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.99, "order_type": "limit", "limit_price": 4.6364, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002006053924560547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 5, "run": 1}} {"ts": 1793143111.648556, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "de3d6e0d774efd10b2547bc7de122a4ac2eda561e6ffe4943e7bacd80d529a5b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0606, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6597, \"target_holdings\": 3.9911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 2.99, \"order_type\": \"limit\", \"limit_price\": 4.6364, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.99, "order_type": "limit", "limit_price": 4.6364, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015540122985839844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 0, "run": 1}} {"ts": 1793143111.6502259, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "de3d6e0d774efd10b2547bc7de122a4ac2eda561e6ffe4943e7bacd80d529a5b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0606, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6597, \"target_holdings\": 3.9911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 2.99, \"order_type\": \"limit\", \"limit_price\": 4.6364, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.99, "order_type": "limit", "limit_price": 4.6364, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014939308166503906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 3, "run": 1}} {"ts": 1793143111.6520882, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3dc04c3b257f54a46d992130e9474291ad49cea8a59739064c0444d5f17343ee", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.062, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6611, \"target_holdings\": 4.3843}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 3.38, \"order_type\": \"limit\", \"limit_price\": 4.6378, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.38, "order_type": "limit", "limit_price": 4.6378, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015480518341064453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 1, "run": 1}} {"ts": 1793143111.6537302, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3dc04c3b257f54a46d992130e9474291ad49cea8a59739064c0444d5f17343ee", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.062, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6611, \"target_holdings\": 4.3843}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 3.38, \"order_type\": \"limit\", \"limit_price\": 4.6378, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.38, "order_type": "limit", "limit_price": 4.6378, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014910697937011719, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 3, "run": 1}} {"ts": 1793143111.655351, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3dc04c3b257f54a46d992130e9474291ad49cea8a59739064c0444d5f17343ee", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.062, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6611, \"target_holdings\": 4.3843}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 3.38, \"order_type\": \"limit\", \"limit_price\": 4.6378, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.38, "order_type": "limit", "limit_price": 4.6378, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014798641204833984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 2, "run": 1}} {"ts": 1793143111.6611211, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3dc04c3b257f54a46d992130e9474291ad49cea8a59739064c0444d5f17343ee", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.062, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6611, \"target_holdings\": 4.3843}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 3.38, \"order_type\": \"limit\", \"limit_price\": 4.6378, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.38, "order_type": "limit", "limit_price": 4.6378, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005639076232910156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 6, "run": 1}} {"ts": 1793143111.663856, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3dc04c3b257f54a46d992130e9474291ad49cea8a59739064c0444d5f17343ee", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.062, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6611, \"target_holdings\": 4.3843}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 3.38, \"order_type\": \"limit\", \"limit_price\": 4.6378, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.38, "order_type": "limit", "limit_price": 4.6378, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002328157424926758, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 4, "run": 1}} {"ts": 1793143111.666867, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3dc04c3b257f54a46d992130e9474291ad49cea8a59739064c0444d5f17343ee", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.062, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6611, \"target_holdings\": 4.3843}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 3.38, \"order_type\": \"limit\", \"limit_price\": 4.6378, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.38, "order_type": "limit", "limit_price": 4.6378, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002523183822631836, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 5, "run": 1}} {"ts": 1793143111.669678, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3dc04c3b257f54a46d992130e9474291ad49cea8a59739064c0444d5f17343ee", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.062, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6611, \"target_holdings\": 4.3843}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 3.38, \"order_type\": \"limit\", \"limit_price\": 4.6378, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.38, "order_type": "limit", "limit_price": 4.6378, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023958683013916016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 0, "run": 1}} {"ts": 1793143111.672339, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3dc04c3b257f54a46d992130e9474291ad49cea8a59739064c0444d5f17343ee", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.062, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6611, \"target_holdings\": 4.3843}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 3.38, \"order_type\": \"limit\", \"limit_price\": 4.6378, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.38, "order_type": "limit", "limit_price": 4.6378, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023093223571777344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 7, "run": 1}} {"ts": 1793143111.675219, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "089b5216f4e199242d32d31bc4d5d8f4591a991d4b1dafe4591265de4310692f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0373, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6367, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6599, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6599, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002315998077392578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 2, "run": 1}} {"ts": 1793143111.677794, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "089b5216f4e199242d32d31bc4d5d8f4591a991d4b1dafe4591265de4310692f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0373, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6367, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6599, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6599, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022630691528320312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 0, "run": 1}} {"ts": 1793143111.679966, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "089b5216f4e199242d32d31bc4d5d8f4591a991d4b1dafe4591265de4310692f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0373, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6367, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6599, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6599, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018663406372070312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 6, "run": 1}} {"ts": 1793143111.6818528, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "089b5216f4e199242d32d31bc4d5d8f4591a991d4b1dafe4591265de4310692f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0373, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6367, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6599, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6599, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001646280288696289, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 3, "run": 1}} {"ts": 1793143111.683629, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "089b5216f4e199242d32d31bc4d5d8f4591a991d4b1dafe4591265de4310692f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0373, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6367, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6599, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6599, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015959739685058594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 5, "run": 1}} {"ts": 1793143111.685378, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "089b5216f4e199242d32d31bc4d5d8f4591a991d4b1dafe4591265de4310692f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0373, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6367, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6599, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6599, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001580953598022461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 4, "run": 1}} {"ts": 1793143111.687135, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "089b5216f4e199242d32d31bc4d5d8f4591a991d4b1dafe4591265de4310692f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0373, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6367, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6599, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6599, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015797615051269531, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 1, "run": 1}} {"ts": 1793143111.6930938, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "089b5216f4e199242d32d31bc4d5d8f4591a991d4b1dafe4591265de4310692f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0373, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6367, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6599, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6599, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005794048309326172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 7, "run": 1}} {"ts": 1793143111.701267, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "99365630a93c89ef9b9a3def33603dfbde8866b274fd8afe51277dd6fa205265", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6437, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004261970520019531, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 6, "run": 2}} {"ts": 1793143111.703211, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "99365630a93c89ef9b9a3def33603dfbde8866b274fd8afe51277dd6fa205265", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6437, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001676797866821289, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 1, "run": 2}} {"ts": 1793143111.705677, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "99365630a93c89ef9b9a3def33603dfbde8866b274fd8afe51277dd6fa205265", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6437, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022678375244140625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 3, "run": 2}} {"ts": 1793143111.709418, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "99365630a93c89ef9b9a3def33603dfbde8866b274fd8afe51277dd6fa205265", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6437, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0032491683959960938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 4, "run": 2}} {"ts": 1793143111.712233, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "99365630a93c89ef9b9a3def33603dfbde8866b274fd8afe51277dd6fa205265", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6437, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002398967742919922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 2, "run": 2}} {"ts": 1793143111.714792, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "99365630a93c89ef9b9a3def33603dfbde8866b274fd8afe51277dd6fa205265", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6437, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022220611572265625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 0, "run": 2}} {"ts": 1793143111.720552, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "99365630a93c89ef9b9a3def33603dfbde8866b274fd8afe51277dd6fa205265", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6437, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005445003509521484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 7, "run": 2}} {"ts": 1793143111.7231412, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "99365630a93c89ef9b9a3def33603dfbde8866b274fd8afe51277dd6fa205265", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6437, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002249002456665039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 5, "run": 2}} {"ts": 1793143111.7259352, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ad399c32678bcbb3edcc3933f5096a05b589c3d1c4af1b1b8172c201d3021dae", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0374, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6368, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.66, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.66, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022797584533691406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 4, "run": 2}} {"ts": 1793143111.728458, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ad399c32678bcbb3edcc3933f5096a05b589c3d1c4af1b1b8172c201d3021dae", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0374, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6368, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.66, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.66, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002228260040283203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 5, "run": 2}} {"ts": 1793143111.730996, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ad399c32678bcbb3edcc3933f5096a05b589c3d1c4af1b1b8172c201d3021dae", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0374, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6368, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.66, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.66, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022470951080322266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 2, "run": 2}} {"ts": 1793143111.73326, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ad399c32678bcbb3edcc3933f5096a05b589c3d1c4af1b1b8172c201d3021dae", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0374, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6368, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.66, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.66, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019750595092773438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 6, "run": 2}} {"ts": 1793143111.735095, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ad399c32678bcbb3edcc3933f5096a05b589c3d1c4af1b1b8172c201d3021dae", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0374, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6368, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.66, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.66, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016188621520996094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 0, "run": 2}} {"ts": 1793143111.7368279, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ad399c32678bcbb3edcc3933f5096a05b589c3d1c4af1b1b8172c201d3021dae", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0374, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6368, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.66, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.66, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001566171646118164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 3, "run": 2}} {"ts": 1793143111.73857, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ad399c32678bcbb3edcc3933f5096a05b589c3d1c4af1b1b8172c201d3021dae", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0374, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6368, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.66, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.66, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015637874603271484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 7, "run": 2}} {"ts": 1793143111.740303, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ad399c32678bcbb3edcc3933f5096a05b589c3d1c4af1b1b8172c201d3021dae", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0374, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6368, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.66, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.66, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015752315521240234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 1, "run": 2}} {"ts": 1793143111.744574, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8b29b4f2600bc0189fbb069c20102fbff6fc1f87d96a2e0c01fa28cda12a15a1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0318, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6313, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6545, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6545, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003941059112548828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 0, "run": 2}} {"ts": 1793143111.747703, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8b29b4f2600bc0189fbb069c20102fbff6fc1f87d96a2e0c01fa28cda12a15a1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0318, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6313, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6545, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6545, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026679039001464844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 7, "run": 2}} {"ts": 1793143111.750229, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8b29b4f2600bc0189fbb069c20102fbff6fc1f87d96a2e0c01fa28cda12a15a1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0318, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6313, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6545, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6545, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002213716506958008, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 1, "run": 2}} {"ts": 1793143111.752794, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8b29b4f2600bc0189fbb069c20102fbff6fc1f87d96a2e0c01fa28cda12a15a1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0318, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6313, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6545, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6545, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022568702697753906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 6, "run": 2}} {"ts": 1793143111.7553291, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8b29b4f2600bc0189fbb069c20102fbff6fc1f87d96a2e0c01fa28cda12a15a1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0318, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6313, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6545, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6545, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002235889434814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 2, "run": 2}} {"ts": 1793143111.757888, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8b29b4f2600bc0189fbb069c20102fbff6fc1f87d96a2e0c01fa28cda12a15a1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0318, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6313, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6545, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6545, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022602081298828125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 4, "run": 2}} {"ts": 1793143111.760451, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8b29b4f2600bc0189fbb069c20102fbff6fc1f87d96a2e0c01fa28cda12a15a1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0318, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6313, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6545, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6545, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022499561309814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 5, "run": 2}} {"ts": 1793143111.7629418, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8b29b4f2600bc0189fbb069c20102fbff6fc1f87d96a2e0c01fa28cda12a15a1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0318, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6313, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6545, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6545, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021979808807373047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 3, "run": 2}} {"ts": 1793143111.765773, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e926d224557e7a1becf739dfba2773c12890eccdcceb8d7b609dc1e02d11f327", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6475, \"target_holdings\": 0.5114}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 0.49, \"order_type\": \"limit\", \"limit_price\": 4.6707, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.49, "order_type": "limit", "limit_price": 4.6707, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002309083938598633, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 7, "run": 2}} {"ts": 1793143111.7680051, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e926d224557e7a1becf739dfba2773c12890eccdcceb8d7b609dc1e02d11f327", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6475, \"target_holdings\": 0.5114}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.49, \"order_type\": \"limit\", \"limit_price\": 4.6707, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.49, "order_type": "limit", "limit_price": 4.6707, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001931905746459961, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 1, "run": 2}} {"ts": 1793143111.769872, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e926d224557e7a1becf739dfba2773c12890eccdcceb8d7b609dc1e02d11f327", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6475, \"target_holdings\": 0.5114}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.49, \"order_type\": \"limit\", \"limit_price\": 4.6707, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.49, "order_type": "limit", "limit_price": 4.6707, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016200542449951172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 0, "run": 2}} {"ts": 1793143111.7716649, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e926d224557e7a1becf739dfba2773c12890eccdcceb8d7b609dc1e02d11f327", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6475, \"target_holdings\": 0.5114}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.49, \"order_type\": \"limit\", \"limit_price\": 4.6707, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.49, "order_type": "limit", "limit_price": 4.6707, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016009807586669922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 4, "run": 2}} {"ts": 1793143111.773898, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e926d224557e7a1becf739dfba2773c12890eccdcceb8d7b609dc1e02d11f327", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6475, \"target_holdings\": 0.5114}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.49, \"order_type\": \"limit\", \"limit_price\": 4.6707, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.49, "order_type": "limit", "limit_price": 4.6707, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002038240432739258, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 2, "run": 2}} {"ts": 1793143111.776263, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e926d224557e7a1becf739dfba2773c12890eccdcceb8d7b609dc1e02d11f327", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6475, \"target_holdings\": 0.5114}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.49, \"order_type\": \"limit\", \"limit_price\": 4.6707, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.49, "order_type": "limit", "limit_price": 4.6707, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021512508392333984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 6, "run": 2}} {"ts": 1793143111.77826, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e926d224557e7a1becf739dfba2773c12890eccdcceb8d7b609dc1e02d11f327", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6475, \"target_holdings\": 0.5114}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.49, \"order_type\": \"limit\", \"limit_price\": 4.6707, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.49, "order_type": "limit", "limit_price": 4.6707, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017769336700439453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 3, "run": 2}} {"ts": 1793143111.7800782, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e926d224557e7a1becf739dfba2773c12890eccdcceb8d7b609dc1e02d11f327", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8547, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6475, \"target_holdings\": 0.5114}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.49, \"order_type\": \"limit\", \"limit_price\": 4.6707, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.49, "order_type": "limit", "limit_price": 4.6707, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001644134521484375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 5, "run": 2}} {"ts": 1793143111.7821372, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d1e8312b5c8eb4391142be9794db90915cae147b9732a780fa3544083f407cfe", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0594, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6585, \"target_holdings\": 3.6471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 2.65, \"order_type\": \"limit\", \"limit_price\": 4.6352, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.65, "order_type": "limit", "limit_price": 4.6352, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001711130142211914, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 5, "run": 2}} {"ts": 1793143111.7839649, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d1e8312b5c8eb4391142be9794db90915cae147b9732a780fa3544083f407cfe", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0594, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6585, \"target_holdings\": 3.6471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 2.65, \"order_type\": \"limit\", \"limit_price\": 4.6352, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.65, "order_type": "limit", "limit_price": 4.6352, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016522407531738281, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 0, "run": 2}} {"ts": 1793143111.785762, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d1e8312b5c8eb4391142be9794db90915cae147b9732a780fa3544083f407cfe", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0594, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6585, \"target_holdings\": 3.6471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 2.65, \"order_type\": \"limit\", \"limit_price\": 4.6352, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.65, "order_type": "limit", "limit_price": 4.6352, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016341209411621094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 6, "run": 2}} {"ts": 1793143111.792115, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d1e8312b5c8eb4391142be9794db90915cae147b9732a780fa3544083f407cfe", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0594, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6585, \"target_holdings\": 3.6471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 2.65, \"order_type\": \"limit\", \"limit_price\": 4.6352, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.65, "order_type": "limit", "limit_price": 4.6352, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00520014762878418, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 4, "run": 2}} {"ts": 1793143111.794045, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d1e8312b5c8eb4391142be9794db90915cae147b9732a780fa3544083f407cfe", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0594, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6585, \"target_holdings\": 3.6471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 2.65, \"order_type\": \"limit\", \"limit_price\": 4.6352, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.65, "order_type": "limit", "limit_price": 4.6352, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017023086547851562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 3, "run": 2}} {"ts": 1793143111.795906, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d1e8312b5c8eb4391142be9794db90915cae147b9732a780fa3544083f407cfe", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0594, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6585, \"target_holdings\": 3.6471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 2.65, \"order_type\": \"limit\", \"limit_price\": 4.6352, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.65, "order_type": "limit", "limit_price": 4.6352, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016698837280273438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 7, "run": 2}} {"ts": 1793143111.797746, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d1e8312b5c8eb4391142be9794db90915cae147b9732a780fa3544083f407cfe", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0594, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6585, \"target_holdings\": 3.6471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 2.65, \"order_type\": \"limit\", \"limit_price\": 4.6352, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.65, "order_type": "limit", "limit_price": 4.6352, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016622543334960938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 2, "run": 2}} {"ts": 1793143111.801546, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d1e8312b5c8eb4391142be9794db90915cae147b9732a780fa3544083f407cfe", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0594, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9216, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6585, \"target_holdings\": 3.6471}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 2.65, \"order_type\": \"limit\", \"limit_price\": 4.6352, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.65, "order_type": "limit", "limit_price": 4.6352, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003626108169555664, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 1, "run": 2}} {"ts": 1793143111.8044071, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fbafbd7bef6ce7283e11b3f48df286478dbf3097b3634dc089b34acf5f609647", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0656, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6647, \"target_holdings\": 5.3911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 4.39, \"order_type\": \"limit\", \"limit_price\": 4.6414, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.39, "order_type": "limit", "limit_price": 4.6414, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002274751663208008, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 0, "run": 2}} {"ts": 1793143111.8068779, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fbafbd7bef6ce7283e11b3f48df286478dbf3097b3634dc089b34acf5f609647", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0656, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6647, \"target_holdings\": 5.3911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 4.39, \"order_type\": \"limit\", \"limit_price\": 4.6414, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.39, "order_type": "limit", "limit_price": 4.6414, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021691322326660156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 2, "run": 2}} {"ts": 1793143111.809333, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fbafbd7bef6ce7283e11b3f48df286478dbf3097b3634dc089b34acf5f609647", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0656, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6647, \"target_holdings\": 5.3911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 4.39, \"order_type\": \"limit\", \"limit_price\": 4.6414, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.39, "order_type": "limit", "limit_price": 4.6414, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021560192108154297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 3, "run": 2}} {"ts": 1793143111.8118138, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fbafbd7bef6ce7283e11b3f48df286478dbf3097b3634dc089b34acf5f609647", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0656, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6647, \"target_holdings\": 5.3911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 4.39, \"order_type\": \"limit\", \"limit_price\": 4.6414, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.39, "order_type": "limit", "limit_price": 4.6414, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002172231674194336, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 4, "run": 2}} {"ts": 1793143111.816906, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fbafbd7bef6ce7283e11b3f48df286478dbf3097b3634dc089b34acf5f609647", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0656, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6647, \"target_holdings\": 5.3911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 4.39, \"order_type\": \"limit\", \"limit_price\": 4.6414, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.39, "order_type": "limit", "limit_price": 4.6414, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003785371780395508, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 7, "run": 2}} {"ts": 1793143111.819, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fbafbd7bef6ce7283e11b3f48df286478dbf3097b3634dc089b34acf5f609647", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0656, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6647, \"target_holdings\": 5.3911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 4.39, \"order_type\": \"limit\", \"limit_price\": 4.6414, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.39, "order_type": "limit", "limit_price": 4.6414, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017659664154052734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 1, "run": 2}} {"ts": 1793143111.8208818, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fbafbd7bef6ce7283e11b3f48df286478dbf3097b3634dc089b34acf5f609647", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0656, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6647, \"target_holdings\": 5.3911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 4.39, \"order_type\": \"limit\", \"limit_price\": 4.6414, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.39, "order_type": "limit", "limit_price": 4.6414, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016741752624511719, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 6, "run": 2}} {"ts": 1793143111.8227031, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fbafbd7bef6ce7283e11b3f48df286478dbf3097b3634dc089b34acf5f609647", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0656, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9985, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6647, \"target_holdings\": 5.3911}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 4.39, \"order_type\": \"limit\", \"limit_price\": 4.6414, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.39, "order_type": "limit", "limit_price": 4.6414, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016429424285888672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 5, "run": 2}} {"ts": 1793143111.830082, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4448759a599c923e83e5f6367d74092ae72978ca58bc49cb05cb3856a01b82cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0665, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6656, \"target_holdings\": 5.6474}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 4.65, \"order_type\": \"limit\", \"limit_price\": 4.6423, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.65, "order_type": "limit", "limit_price": 4.6423, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.007028818130493164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 0, "run": 2}} {"ts": 1793143111.8334029, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4448759a599c923e83e5f6367d74092ae72978ca58bc49cb05cb3856a01b82cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0665, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6656, \"target_holdings\": 5.6474}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 4.65, \"order_type\": \"limit\", \"limit_price\": 4.6423, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.65, "order_type": "limit", "limit_price": 4.6423, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002816915512084961, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 7, "run": 2}} {"ts": 1793143111.835978, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4448759a599c923e83e5f6367d74092ae72978ca58bc49cb05cb3856a01b82cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0665, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6656, \"target_holdings\": 5.6474}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 4.65, \"order_type\": \"limit\", \"limit_price\": 4.6423, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.65, "order_type": "limit", "limit_price": 4.6423, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022499561309814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 3, "run": 2}} {"ts": 1793143111.8384142, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4448759a599c923e83e5f6367d74092ae72978ca58bc49cb05cb3856a01b82cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0665, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6656, \"target_holdings\": 5.6474}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 4.65, \"order_type\": \"limit\", \"limit_price\": 4.6423, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.65, "order_type": "limit", "limit_price": 4.6423, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002149820327758789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 2, "run": 2}} {"ts": 1793143111.8408809, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4448759a599c923e83e5f6367d74092ae72978ca58bc49cb05cb3856a01b82cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0665, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6656, \"target_holdings\": 5.6474}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 4.65, \"order_type\": \"limit\", \"limit_price\": 4.6423, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.65, "order_type": "limit", "limit_price": 4.6423, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021822452545166016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 1, "run": 2}} {"ts": 1793143111.8433301, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4448759a599c923e83e5f6367d74092ae72978ca58bc49cb05cb3856a01b82cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0665, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6656, \"target_holdings\": 5.6474}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 4.65, \"order_type\": \"limit\", \"limit_price\": 4.6423, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.65, "order_type": "limit", "limit_price": 4.6423, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021638870239257812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 4, "run": 2}} {"ts": 1793143111.845828, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4448759a599c923e83e5f6367d74092ae72978ca58bc49cb05cb3856a01b82cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0665, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6656, \"target_holdings\": 5.6474}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 4.65, \"order_type\": \"limit\", \"limit_price\": 4.6423, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.65, "order_type": "limit", "limit_price": 4.6423, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002212047576904297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 5, "run": 2}} {"ts": 1793143111.848191, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4448759a599c923e83e5f6367d74092ae72978ca58bc49cb05cb3856a01b82cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0665, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0661, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6656, \"target_holdings\": 5.6474}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 4.65, \"order_type\": \"limit\", \"limit_price\": 4.6423, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.65, "order_type": "limit", "limit_price": 4.6423, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020618438720703125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 6, "run": 2}} {"ts": 1793143111.850372, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a09a4831167b2f63fdd3c1e88e87b978dbb010dccf3ef698bd27669299869925", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0608, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.66, \"target_holdings\": 4.0527}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 3.05, \"order_type\": \"limit\", \"limit_price\": 4.6367, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.05, "order_type": "limit", "limit_price": 4.6367, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017170906066894531, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 7, "run": 2}} {"ts": 1793143111.852224, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a09a4831167b2f63fdd3c1e88e87b978dbb010dccf3ef698bd27669299869925", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0608, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.66, \"target_holdings\": 4.0527}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 3.05, \"order_type\": \"limit\", \"limit_price\": 4.6367, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.05, "order_type": "limit", "limit_price": 4.6367, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016520023345947266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 1, "run": 2}} {"ts": 1793143111.8540769, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a09a4831167b2f63fdd3c1e88e87b978dbb010dccf3ef698bd27669299869925", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0608, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.66, \"target_holdings\": 4.0527}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 3.05, \"order_type\": \"limit\", \"limit_price\": 4.6367, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.05, "order_type": "limit", "limit_price": 4.6367, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016658306121826172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 3, "run": 2}} {"ts": 1793143111.8569238, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a09a4831167b2f63fdd3c1e88e87b978dbb010dccf3ef698bd27669299869925", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0608, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.66, \"target_holdings\": 4.0527}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 3.05, \"order_type\": \"limit\", \"limit_price\": 4.6367, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.05, "order_type": "limit", "limit_price": 4.6367, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026612281799316406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 0, "run": 2}} {"ts": 1793143111.859412, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a09a4831167b2f63fdd3c1e88e87b978dbb010dccf3ef698bd27669299869925", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0608, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.66, \"target_holdings\": 4.0527}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 3.05, \"order_type\": \"limit\", \"limit_price\": 4.6367, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.05, "order_type": "limit", "limit_price": 4.6367, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021712779998779297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 6, "run": 2}} {"ts": 1793143111.8622432, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a09a4831167b2f63fdd3c1e88e87b978dbb010dccf3ef698bd27669299869925", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0608, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.66, \"target_holdings\": 4.0527}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 3.05, \"order_type\": \"limit\", \"limit_price\": 4.6367, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.05, "order_type": "limit", "limit_price": 4.6367, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00255584716796875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 2, "run": 2}} {"ts": 1793143111.865115, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a09a4831167b2f63fdd3c1e88e87b978dbb010dccf3ef698bd27669299869925", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0608, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.66, \"target_holdings\": 4.0527}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 3.05, \"order_type\": \"limit\", \"limit_price\": 4.6367, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.05, "order_type": "limit", "limit_price": 4.6367, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002638101577758789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 4, "run": 2}} {"ts": 1793143111.8670652, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a09a4831167b2f63fdd3c1e88e87b978dbb010dccf3ef698bd27669299869925", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0608, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1404, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.66, \"target_holdings\": 4.0527}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 3.05, \"order_type\": \"limit\", \"limit_price\": 4.6367, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.05, "order_type": "limit", "limit_price": 4.6367, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017189979553222656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 5, "run": 2}} {"ts": 1793143111.869129, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f0df0891d5fbb80f3ae89c6de202e81867c404e5559df75446c156c2e84860cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6468, \"target_holdings\": 0.3023}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.7, \"order_type\": \"limit\", \"limit_price\": 4.67, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.7, "order_type": "limit", "limit_price": 4.67, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016791820526123047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 0, "run": 2}} {"ts": 1793143111.870906, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f0df0891d5fbb80f3ae89c6de202e81867c404e5559df75446c156c2e84860cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6468, \"target_holdings\": 0.3023}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.7, \"order_type\": \"limit\", \"limit_price\": 4.67, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.7, "order_type": "limit", "limit_price": 4.67, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00160980224609375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 5, "run": 2}} {"ts": 1793143111.872658, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f0df0891d5fbb80f3ae89c6de202e81867c404e5559df75446c156c2e84860cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6468, \"target_holdings\": 0.3023}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.7, \"order_type\": \"limit\", \"limit_price\": 4.67, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.7, "order_type": "limit", "limit_price": 4.67, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015842914581298828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 3, "run": 2}} {"ts": 1793143111.874401, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f0df0891d5fbb80f3ae89c6de202e81867c404e5559df75446c156c2e84860cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6468, \"target_holdings\": 0.3023}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.7, \"order_type\": \"limit\", \"limit_price\": 4.67, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.7, "order_type": "limit", "limit_price": 4.67, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015869140625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 4, "run": 2}} {"ts": 1793143111.876162, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f0df0891d5fbb80f3ae89c6de202e81867c404e5559df75446c156c2e84860cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6468, \"target_holdings\": 0.3023}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 0.7, \"order_type\": \"limit\", \"limit_price\": 4.67, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.7, "order_type": "limit", "limit_price": 4.67, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016047954559326172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 7, "run": 2}} {"ts": 1793143111.888492, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f0df0891d5fbb80f3ae89c6de202e81867c404e5559df75446c156c2e84860cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6468, \"target_holdings\": 0.3023}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.7, \"order_type\": \"limit\", \"limit_price\": 4.67, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.7, "order_type": "limit", "limit_price": 4.67, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026209354400634766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 1, "run": 2}} {"ts": 1793143111.8910809, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f0df0891d5fbb80f3ae89c6de202e81867c404e5559df75446c156c2e84860cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6468, \"target_holdings\": 0.3023}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.7, \"order_type\": \"limit\", \"limit_price\": 4.67, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.7, "order_type": "limit", "limit_price": 4.67, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022382736206054688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 6, "run": 2}} {"ts": 1793143111.893627, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f0df0891d5fbb80f3ae89c6de202e81867c404e5559df75446c156c2e84860cc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2135, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6468, \"target_holdings\": 0.3023}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.7, \"order_type\": \"limit\", \"limit_price\": 4.67, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.7, "order_type": "limit", "limit_price": 4.67, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002235889434814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 2, "run": 2}} {"ts": 1793143111.896505, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "983f9b46bc0b8391350e4f6ec64c8a9668cbaf0e323bc1b0035b7e705bcaea40", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0595, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.6929}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 2.69, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.69, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023660659790039062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 1, "run": 2}} {"ts": 1793143111.8989189, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "983f9b46bc0b8391350e4f6ec64c8a9668cbaf0e323bc1b0035b7e705bcaea40", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0595, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.6929}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 2.69, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.69, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019309520721435547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 7, "run": 2}} {"ts": 1793143111.900803, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "983f9b46bc0b8391350e4f6ec64c8a9668cbaf0e323bc1b0035b7e705bcaea40", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0595, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.6929}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 2.69, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.69, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016398429870605469, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 2, "run": 2}} {"ts": 1793143111.902616, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "983f9b46bc0b8391350e4f6ec64c8a9668cbaf0e323bc1b0035b7e705bcaea40", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0595, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.6929}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 2.69, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.69, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016188621520996094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 4, "run": 2}} {"ts": 1793143111.904447, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "983f9b46bc0b8391350e4f6ec64c8a9668cbaf0e323bc1b0035b7e705bcaea40", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0595, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.6929}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 2.69, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.69, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001631021499633789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 6, "run": 2}} {"ts": 1793143111.906223, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "983f9b46bc0b8391350e4f6ec64c8a9668cbaf0e323bc1b0035b7e705bcaea40", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0595, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.6929}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 2.69, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.69, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015957355499267578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 3, "run": 2}} {"ts": 1793143111.910283, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "983f9b46bc0b8391350e4f6ec64c8a9668cbaf0e323bc1b0035b7e705bcaea40", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0595, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.6929}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 2.69, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.69, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002395153045654297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 5, "run": 2}} {"ts": 1793143111.9128919, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "983f9b46bc0b8391350e4f6ec64c8a9668cbaf0e323bc1b0035b7e705bcaea40", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0595, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2779, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.6929}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 2.69, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.69, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022809505462646484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 0, "run": 2}} {"ts": 1793143111.9156952, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a545ba8809a94a06f11ff1351901a026c6d58918462cfccf1da59fa03ac5d1b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022859573364257812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 1, "run": 2}} {"ts": 1793143111.918211, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a545ba8809a94a06f11ff1351901a026c6d58918462cfccf1da59fa03ac5d1b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002222776412963867, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 7, "run": 2}} {"ts": 1793143111.920831, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a545ba8809a94a06f11ff1351901a026c6d58918462cfccf1da59fa03ac5d1b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023310184478759766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 4, "run": 2}} {"ts": 1793143111.923531, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a545ba8809a94a06f11ff1351901a026c6d58918462cfccf1da59fa03ac5d1b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00238800048828125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 5, "run": 2}} {"ts": 1793143111.9261289, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a545ba8809a94a06f11ff1351901a026c6d58918462cfccf1da59fa03ac5d1b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002298116683959961, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 2, "run": 2}} {"ts": 1793143111.9280589, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a545ba8809a94a06f11ff1351901a026c6d58918462cfccf1da59fa03ac5d1b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016391277313232422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 3, "run": 2}} {"ts": 1793143111.929822, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a545ba8809a94a06f11ff1351901a026c6d58918462cfccf1da59fa03ac5d1b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015871524810791016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 0, "run": 2}} {"ts": 1793143111.931586, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a545ba8809a94a06f11ff1351901a026c6d58918462cfccf1da59fa03ac5d1b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3537, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015900135040283203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 6, "run": 2}} {"ts": 1793143111.9335291, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "744a47921a508d25d62321ab30c192a22a6e05cf670dbf4747ddb8a0cc19bff8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5673}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016078948974609375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 1, "run": 2}} {"ts": 1793143111.935292, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "744a47921a508d25d62321ab30c192a22a6e05cf670dbf4747ddb8a0cc19bff8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5673}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015921592712402344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 6, "run": 2}} {"ts": 1793143111.941547, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "744a47921a508d25d62321ab30c192a22a6e05cf670dbf4747ddb8a0cc19bff8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5673}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.006090402603149414, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 5, "run": 2}} {"ts": 1793143111.944246, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "744a47921a508d25d62321ab30c192a22a6e05cf670dbf4747ddb8a0cc19bff8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5673}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022978782653808594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 4, "run": 2}} {"ts": 1793143111.9468641, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "744a47921a508d25d62321ab30c192a22a6e05cf670dbf4747ddb8a0cc19bff8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5673}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022673606872558594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 2, "run": 2}} {"ts": 1793143111.94943, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "744a47921a508d25d62321ab30c192a22a6e05cf670dbf4747ddb8a0cc19bff8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5673}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022459030151367188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 0, "run": 2}} {"ts": 1793143111.95195, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "744a47921a508d25d62321ab30c192a22a6e05cf670dbf4747ddb8a0cc19bff8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5673}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002223968505859375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 7, "run": 2}} {"ts": 1793143111.954468, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "744a47921a508d25d62321ab30c192a22a6e05cf670dbf4747ddb8a0cc19bff8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4227, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5673}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022249221801757812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 3, "run": 2}} {"ts": 1793143111.957294, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8c1ccf6b4de02fde7878e1100d310af1efd1b75ebc29684492095d17b524f0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0393, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6387, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6619, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6619, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002301931381225586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 2, "run": 2}} {"ts": 1793143111.970144, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8c1ccf6b4de02fde7878e1100d310af1efd1b75ebc29684492095d17b524f0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0393, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6387, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6619, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6619, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.012534141540527344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 6, "run": 2}} {"ts": 1793143111.973105, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8c1ccf6b4de02fde7878e1100d310af1efd1b75ebc29684492095d17b524f0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0393, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6387, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6619, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6619, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024709701538085938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 4, "run": 2}} {"ts": 1793143111.975796, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8c1ccf6b4de02fde7878e1100d310af1efd1b75ebc29684492095d17b524f0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0393, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6387, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6619, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6619, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023272037506103516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 7, "run": 2}} {"ts": 1793143111.978366, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8c1ccf6b4de02fde7878e1100d310af1efd1b75ebc29684492095d17b524f0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0393, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6387, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6619, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6619, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002244234085083008, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 0, "run": 2}} {"ts": 1793143111.980893, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8c1ccf6b4de02fde7878e1100d310af1efd1b75ebc29684492095d17b524f0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0393, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6387, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6619, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6619, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022161006927490234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 5, "run": 2}} {"ts": 1793143111.983417, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8c1ccf6b4de02fde7878e1100d310af1efd1b75ebc29684492095d17b524f0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0393, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6387, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6619, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6619, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002229928970336914, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 3, "run": 2}} {"ts": 1793143111.985609, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c8c1ccf6b4de02fde7878e1100d310af1efd1b75ebc29684492095d17b524f0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0393, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4883, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6387, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6619, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6619, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018930435180664062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 1, "run": 2}} {"ts": 1793143111.987565, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "86f56aa89eee8a1c850ff28b6919f4dc114fd1ec197980d7793f1fa1f2a61501", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0439, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6432, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001600027084350586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 2, "run": 2}} {"ts": 1793143111.989276, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "86f56aa89eee8a1c850ff28b6919f4dc114fd1ec197980d7793f1fa1f2a61501", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0439, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6432, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015311241149902344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 0, "run": 2}} {"ts": 1793143111.990943, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "86f56aa89eee8a1c850ff28b6919f4dc114fd1ec197980d7793f1fa1f2a61501", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0439, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6432, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015118122100830078, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 6, "run": 2}} {"ts": 1793143111.992626, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "86f56aa89eee8a1c850ff28b6919f4dc114fd1ec197980d7793f1fa1f2a61501", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0439, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6432, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015311241149902344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 7, "run": 2}} {"ts": 1793143111.994335, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "86f56aa89eee8a1c850ff28b6919f4dc114fd1ec197980d7793f1fa1f2a61501", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0439, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6432, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001531839370727539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 3, "run": 2}} {"ts": 1793143112.0028841, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "86f56aa89eee8a1c850ff28b6919f4dc114fd1ec197980d7793f1fa1f2a61501", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0439, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6432, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0029151439666748047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 1, "run": 2}} {"ts": 1793143112.011752, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "86f56aa89eee8a1c850ff28b6919f4dc114fd1ec197980d7793f1fa1f2a61501", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0439, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6432, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.008402109146118164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 5, "run": 2}} {"ts": 1793143112.0136058, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "86f56aa89eee8a1c850ff28b6919f4dc114fd1ec197980d7793f1fa1f2a61501", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0439, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5479, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6432, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015990734100341797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 4, "run": 2}} {"ts": 1793143112.015541, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "94b3afc09b76c23bcd2b35e974720b92198b9bc11dde10b80ec0f42e102e8f19", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015950202941894531, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 5, "run": 2}} {"ts": 1793143112.017269, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "94b3afc09b76c23bcd2b35e974720b92198b9bc11dde10b80ec0f42e102e8f19", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001558065414428711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 4, "run": 2}} {"ts": 1793143112.0198662, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "94b3afc09b76c23bcd2b35e974720b92198b9bc11dde10b80ec0f42e102e8f19", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024361610412597656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 1, "run": 2}} {"ts": 1793143112.022509, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "94b3afc09b76c23bcd2b35e974720b92198b9bc11dde10b80ec0f42e102e8f19", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023229122161865234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 6, "run": 2}} {"ts": 1793143112.025059, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "94b3afc09b76c23bcd2b35e974720b92198b9bc11dde10b80ec0f42e102e8f19", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022430419921875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 2, "run": 2}} {"ts": 1793143112.027651, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "94b3afc09b76c23bcd2b35e974720b92198b9bc11dde10b80ec0f42e102e8f19", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023038387298583984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 3, "run": 2}} {"ts": 1793143112.0303879, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "94b3afc09b76c23bcd2b35e974720b92198b9bc11dde10b80ec0f42e102e8f19", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002431154251098633, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 7, "run": 2}} {"ts": 1793143112.033011, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "94b3afc09b76c23bcd2b35e974720b92198b9bc11dde10b80ec0f42e102e8f19", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0428, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6173, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6422, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002311229705810547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 0, "run": 2}} {"ts": 1793143112.035824, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b9f81d3d3e86baba4818b265299d5d7efe3341d5f5708aad53f3408bfe7d40d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6552, \"target_holdings\": 2.6798}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 1.68, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.68, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022950172424316406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 4, "run": 2}} {"ts": 1793143112.03846, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b9f81d3d3e86baba4818b265299d5d7efe3341d5f5708aad53f3408bfe7d40d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6552, \"target_holdings\": 2.6798}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 1.68, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.68, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002335786819458008, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 7, "run": 2}} {"ts": 1793143112.0403242, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b9f81d3d3e86baba4818b265299d5d7efe3341d5f5708aad53f3408bfe7d40d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6552, \"target_holdings\": 2.6798}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 1.68, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.68, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016012191772460938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 5, "run": 2}} {"ts": 1793143112.042051, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b9f81d3d3e86baba4818b265299d5d7efe3341d5f5708aad53f3408bfe7d40d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6552, \"target_holdings\": 2.6798}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 1.68, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.68, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015578269958496094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 0, "run": 2}} {"ts": 1793143112.043733, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b9f81d3d3e86baba4818b265299d5d7efe3341d5f5708aad53f3408bfe7d40d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6552, \"target_holdings\": 2.6798}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 1.68, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.68, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015308856964111328, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 6, "run": 2}} {"ts": 1793143112.0453901, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b9f81d3d3e86baba4818b265299d5d7efe3341d5f5708aad53f3408bfe7d40d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6552, \"target_holdings\": 2.6798}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 1.68, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.68, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00150299072265625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 2, "run": 2}} {"ts": 1793143112.047034, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b9f81d3d3e86baba4818b265299d5d7efe3341d5f5708aad53f3408bfe7d40d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6552, \"target_holdings\": 2.6798}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 1.68, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.68, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001497030258178711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 3, "run": 2}} {"ts": 1793143112.050381, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b9f81d3d3e86baba4818b265299d5d7efe3341d5f5708aad53f3408bfe7d40d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6865, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6552, \"target_holdings\": 2.6798}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 1.68, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.68, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0031998157501220703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 1, "run": 2}} {"ts": 1793143112.054058, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "825c0331919481f86247d7a2eb9c88cf09368d6166830b089e80600e399d022b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.427}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.57, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.57, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002933025360107422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 3, "run": 2}} {"ts": 1793143112.057239, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "825c0331919481f86247d7a2eb9c88cf09368d6166830b089e80600e399d022b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.427}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.57, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.57, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002686023712158203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 6, "run": 2}} {"ts": 1793143112.059873, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "825c0331919481f86247d7a2eb9c88cf09368d6166830b089e80600e399d022b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.427}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 0.57, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.57, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002301931381225586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 7, "run": 2}} {"ts": 1793143112.062521, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "825c0331919481f86247d7a2eb9c88cf09368d6166830b089e80600e399d022b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.427}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.57, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.57, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002329111099243164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 2, "run": 2}} {"ts": 1793143112.06439, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "825c0331919481f86247d7a2eb9c88cf09368d6166830b089e80600e399d022b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.427}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.57, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.57, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001600027084350586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 4, "run": 2}} {"ts": 1793143112.0661042, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "825c0331919481f86247d7a2eb9c88cf09368d6166830b089e80600e399d022b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.427}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.57, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.57, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015411376953125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 1, "run": 2}} {"ts": 1793143112.0678148, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "825c0331919481f86247d7a2eb9c88cf09368d6166830b089e80600e399d022b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.427}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.57, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.57, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015490055084228516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 0, "run": 2}} {"ts": 1793143112.0694761, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "825c0331919481f86247d7a2eb9c88cf09368d6166830b089e80600e399d022b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7624, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.427}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.57, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.57, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014960765838623047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 5, "run": 2}} {"ts": 1793143112.0713432, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "436fd3bc03251c7b816d2ac439f36672941af04bf535a63bbef264a6972bb366", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9584}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015501976013183594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 1, "run": 2}} {"ts": 1793143112.076753, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "436fd3bc03251c7b816d2ac439f36672941af04bf535a63bbef264a6972bb366", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9584}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005260944366455078, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 5, "run": 2}} {"ts": 1793143112.0812008, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "436fd3bc03251c7b816d2ac439f36672941af04bf535a63bbef264a6972bb366", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9584}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003940105438232422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 0, "run": 2}} {"ts": 1793143112.0846112, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "436fd3bc03251c7b816d2ac439f36672941af04bf535a63bbef264a6972bb366", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9584}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017850399017333984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 7, "run": 2}} {"ts": 1793143112.086472, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "436fd3bc03251c7b816d2ac439f36672941af04bf535a63bbef264a6972bb366", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9584}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016460418701171875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 2, "run": 2}} {"ts": 1793143112.090411, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "436fd3bc03251c7b816d2ac439f36672941af04bf535a63bbef264a6972bb366", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9584}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0037238597869873047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 6, "run": 2}} {"ts": 1793143112.092237, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "436fd3bc03251c7b816d2ac439f36672941af04bf535a63bbef264a6972bb366", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9584}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015888214111328125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 4, "run": 2}} {"ts": 1793143112.093963, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "436fd3bc03251c7b816d2ac439f36672941af04bf535a63bbef264a6972bb366", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8304, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6491, \"target_holdings\": 0.9584}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6723, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6723, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015590190887451172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 3, "run": 2}} {"ts": 1793143112.09588, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f09a7acf55adfc2d9988cd429aa9ea8ba6641bcd7de9cef20c8659eed7c1f50c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015842914581298828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 3, "run": 2}} {"ts": 1793143112.097579, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f09a7acf55adfc2d9988cd429aa9ea8ba6641bcd7de9cef20c8659eed7c1f50c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001531839370727539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 6, "run": 2}} {"ts": 1793143112.106737, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f09a7acf55adfc2d9988cd429aa9ea8ba6641bcd7de9cef20c8659eed7c1f50c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.008997917175292969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 4, "run": 2}} {"ts": 1793143112.109344, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f09a7acf55adfc2d9988cd429aa9ea8ba6641bcd7de9cef20c8659eed7c1f50c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022308826446533203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 2, "run": 2}} {"ts": 1793143112.111915, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f09a7acf55adfc2d9988cd429aa9ea8ba6641bcd7de9cef20c8659eed7c1f50c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022459030151367188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 1, "run": 2}} {"ts": 1793143112.114433, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f09a7acf55adfc2d9988cd429aa9ea8ba6641bcd7de9cef20c8659eed7c1f50c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022068023681640625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 5, "run": 2}} {"ts": 1793143112.116954, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f09a7acf55adfc2d9988cd429aa9ea8ba6641bcd7de9cef20c8659eed7c1f50c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022270679473876953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 7, "run": 2}} {"ts": 1793143112.119478, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f09a7acf55adfc2d9988cd429aa9ea8ba6641bcd7de9cef20c8659eed7c1f50c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9023, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022280216217041016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 0, "run": 2}} {"ts": 1793143112.122297, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3abbd31461dba21227a20beebd6e10f40f279b0b206f35e82856a995c6843828", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0488, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.648, \"target_holdings\": 0.648}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.35, \"order_type\": \"limit\", \"limit_price\": 4.6712, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.35, "order_type": "limit", "limit_price": 4.6712, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022971630096435547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 3, "run": 2}} {"ts": 1793143112.1248682, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3abbd31461dba21227a20beebd6e10f40f279b0b206f35e82856a995c6843828", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0488, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.648, \"target_holdings\": 0.648}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.35, \"order_type\": \"limit\", \"limit_price\": 4.6712, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.35, "order_type": "limit", "limit_price": 4.6712, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022690296173095703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 0, "run": 2}} {"ts": 1793143112.1268039, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3abbd31461dba21227a20beebd6e10f40f279b0b206f35e82856a995c6843828", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0488, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.648, \"target_holdings\": 0.648}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.35, \"order_type\": \"limit\", \"limit_price\": 4.6712, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.35, "order_type": "limit", "limit_price": 4.6712, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016567707061767578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 4, "run": 2}} {"ts": 1793143112.128536, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3abbd31461dba21227a20beebd6e10f40f279b0b206f35e82856a995c6843828", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0488, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.648, \"target_holdings\": 0.648}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.35, \"order_type\": \"limit\", \"limit_price\": 4.6712, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.35, "order_type": "limit", "limit_price": 4.6712, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001544952392578125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 2, "run": 2}} {"ts": 1793143112.130684, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3abbd31461dba21227a20beebd6e10f40f279b0b206f35e82856a995c6843828", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0488, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.648, \"target_holdings\": 0.648}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 0.35, \"order_type\": \"limit\", \"limit_price\": 4.6712, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.35, "order_type": "limit", "limit_price": 4.6712, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001984119415283203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 7, "run": 2}} {"ts": 1793143112.13309, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3abbd31461dba21227a20beebd6e10f40f279b0b206f35e82856a995c6843828", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0488, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.648, \"target_holdings\": 0.648}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.35, \"order_type\": \"limit\", \"limit_price\": 4.6712, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.35, "order_type": "limit", "limit_price": 4.6712, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021588802337646484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 5, "run": 2}} {"ts": 1793143112.137074, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3abbd31461dba21227a20beebd6e10f40f279b0b206f35e82856a995c6843828", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0488, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.648, \"target_holdings\": 0.648}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.35, \"order_type\": \"limit\", \"limit_price\": 4.6712, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.35, "order_type": "limit", "limit_price": 4.6712, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0037050247192382812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 1, "run": 2}} {"ts": 1793143112.139675, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3abbd31461dba21227a20beebd6e10f40f279b0b206f35e82856a995c6843828", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0488, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.966, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.648, \"target_holdings\": 0.648}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.35, \"order_type\": \"limit\", \"limit_price\": 4.6712, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.35, "order_type": "limit", "limit_price": 4.6712, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022552013397216797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 6, "run": 2}} {"ts": 1793143112.1424582, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5b42aa09108d7d4b19c956aec3a63ffbc42b6b278d3c37de9f337143e1476142", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5687}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022640228271484375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 3, "run": 2}} {"ts": 1793143112.1449852, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5b42aa09108d7d4b19c956aec3a63ffbc42b6b278d3c37de9f337143e1476142", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5687}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002232074737548828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 1, "run": 2}} {"ts": 1793143112.147368, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5b42aa09108d7d4b19c956aec3a63ffbc42b6b278d3c37de9f337143e1476142", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5687}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020842552185058594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 5, "run": 2}} {"ts": 1793143112.1493492, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5b42aa09108d7d4b19c956aec3a63ffbc42b6b278d3c37de9f337143e1476142", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5687}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017230510711669922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 2, "run": 2}} {"ts": 1793143112.151927, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5b42aa09108d7d4b19c956aec3a63ffbc42b6b278d3c37de9f337143e1476142", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5687}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023910999298095703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 0, "run": 2}} {"ts": 1793143112.1545432, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5b42aa09108d7d4b19c956aec3a63ffbc42b6b278d3c37de9f337143e1476142", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5687}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002264261245727539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 6, "run": 2}} {"ts": 1793143112.1571012, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5b42aa09108d7d4b19c956aec3a63ffbc42b6b278d3c37de9f337143e1476142", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5687}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022499561309814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 4, "run": 2}} {"ts": 1793143112.159605, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5b42aa09108d7d4b19c956aec3a63ffbc42b6b278d3c37de9f337143e1476142", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0436, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5687}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021941661834716797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 7, "run": 2}} {"ts": 1793143112.162267, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cf987e132573492cd116e22bc09514b0534f81b9a93121087322e6832c0e153d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0474, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6467, \"target_holdings\": 0.2757}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.72, \"order_type\": \"limit\", \"limit_price\": 4.6699, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.72, "order_type": "limit", "limit_price": 4.6699, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002173900604248047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 2, "run": 2}} {"ts": 1793143112.164768, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cf987e132573492cd116e22bc09514b0534f81b9a93121087322e6832c0e153d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0474, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6467, \"target_holdings\": 0.2757}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.72, \"order_type\": \"limit\", \"limit_price\": 4.6699, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.72, "order_type": "limit", "limit_price": 4.6699, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002213001251220703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 5, "run": 2}} {"ts": 1793143112.1673238, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cf987e132573492cd116e22bc09514b0534f81b9a93121087322e6832c0e153d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0474, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6467, \"target_holdings\": 0.2757}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.72, \"order_type\": \"limit\", \"limit_price\": 4.6699, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.72, "order_type": "limit", "limit_price": 4.6699, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022590160369873047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 4, "run": 2}} {"ts": 1793143112.169913, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cf987e132573492cd116e22bc09514b0534f81b9a93121087322e6832c0e153d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0474, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6467, \"target_holdings\": 0.2757}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.72, \"order_type\": \"limit\", \"limit_price\": 4.6699, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.72, "order_type": "limit", "limit_price": 4.6699, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002287149429321289, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 3, "run": 2}} {"ts": 1793143112.17265, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cf987e132573492cd116e22bc09514b0534f81b9a93121087322e6832c0e153d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0474, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6467, \"target_holdings\": 0.2757}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 0.72, \"order_type\": \"limit\", \"limit_price\": 4.6699, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.72, "order_type": "limit", "limit_price": 4.6699, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002445220947265625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 7, "run": 2}} {"ts": 1793143112.177353, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cf987e132573492cd116e22bc09514b0534f81b9a93121087322e6832c0e153d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0474, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6467, \"target_holdings\": 0.2757}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.72, \"order_type\": \"limit\", \"limit_price\": 4.6699, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.72, "order_type": "limit", "limit_price": 4.6699, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004221200942993164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 1, "run": 2}} {"ts": 1793143112.181767, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cf987e132573492cd116e22bc09514b0534f81b9a93121087322e6832c0e153d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0474, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6467, \"target_holdings\": 0.2757}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.72, \"order_type\": \"limit\", \"limit_price\": 4.6699, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.72, "order_type": "limit", "limit_price": 4.6699, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018489360809326172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 0, "run": 2}} {"ts": 1793143112.186462, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cf987e132573492cd116e22bc09514b0534f81b9a93121087322e6832c0e153d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0474, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1219, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6467, \"target_holdings\": 0.2757}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.72, \"order_type\": \"limit\", \"limit_price\": 4.6699, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.72, "order_type": "limit", "limit_price": 4.6699, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0044820308685302734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 6, "run": 2}} {"ts": 1793143112.193683, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ce278ef82c7e8769948fc6d72deedb523328fb291b6cb21470ac216c27258595", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0545, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6538, \"target_holdings\": 2.2826}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 1.28, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.28, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.006463289260864258, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 5, "run": 2}} {"ts": 1793143112.195628, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ce278ef82c7e8769948fc6d72deedb523328fb291b6cb21470ac216c27258595", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0545, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6538, \"target_holdings\": 2.2826}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 1.28, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.28, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016751289367675781, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 1, "run": 2}} {"ts": 1793143112.1974242, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ce278ef82c7e8769948fc6d72deedb523328fb291b6cb21470ac216c27258595", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0545, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6538, \"target_holdings\": 2.2826}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 1.28, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.28, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016040802001953125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 0, "run": 2}} {"ts": 1793143112.1991801, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ce278ef82c7e8769948fc6d72deedb523328fb291b6cb21470ac216c27258595", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0545, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6538, \"target_holdings\": 2.2826}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 1.28, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.28, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015921592712402344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 3, "run": 2}} {"ts": 1793143112.205788, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ce278ef82c7e8769948fc6d72deedb523328fb291b6cb21470ac216c27258595", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0545, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6538, \"target_holdings\": 2.2826}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 1.28, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.28, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.006442070007324219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 4, "run": 2}} {"ts": 1793143112.207689, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ce278ef82c7e8769948fc6d72deedb523328fb291b6cb21470ac216c27258595", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0545, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6538, \"target_holdings\": 2.2826}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 1.28, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.28, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016329288482666016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 6, "run": 2}} {"ts": 1793143112.209499, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ce278ef82c7e8769948fc6d72deedb523328fb291b6cb21470ac216c27258595", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0545, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6538, \"target_holdings\": 2.2826}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 1.28, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.28, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00162506103515625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 2, "run": 2}} {"ts": 1793143112.211262, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ce278ef82c7e8769948fc6d72deedb523328fb291b6cb21470ac216c27258595", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0545, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2024, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6538, \"target_holdings\": 2.2826}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 1.28, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.28, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015838146209716797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 7, "run": 2}} {"ts": 1793143112.2132108, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2a7dc0e00f21690280b06c236dbc1ce3ef563f8e990ae2c06108ab63af127374", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5222}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016160011291503906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 7, "run": 2}} {"ts": 1793143112.21581, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2a7dc0e00f21690280b06c236dbc1ce3ef563f8e990ae2c06108ab63af127374", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5222}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024268627166748047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 0, "run": 2}} {"ts": 1793143112.218818, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2a7dc0e00f21690280b06c236dbc1ce3ef563f8e990ae2c06108ab63af127374", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5222}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025527477264404297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 6, "run": 2}} {"ts": 1793143112.221975, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2a7dc0e00f21690280b06c236dbc1ce3ef563f8e990ae2c06108ab63af127374", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5222}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026929378509521484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 5, "run": 2}} {"ts": 1793143112.22463, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2a7dc0e00f21690280b06c236dbc1ce3ef563f8e990ae2c06108ab63af127374", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5222}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022957324981689453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 1, "run": 2}} {"ts": 1793143112.2274811, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2a7dc0e00f21690280b06c236dbc1ce3ef563f8e990ae2c06108ab63af127374", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5222}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002522706985473633, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 2, "run": 2}} {"ts": 1793143112.2303739, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2a7dc0e00f21690280b06c236dbc1ce3ef563f8e990ae2c06108ab63af127374", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5222}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024030208587646484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 3, "run": 2}} {"ts": 1793143112.233568, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2a7dc0e00f21690280b06c236dbc1ce3ef563f8e990ae2c06108ab63af127374", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2853, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5222}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002843141555786133, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 4, "run": 2}} {"ts": 1793143112.239485, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "34ac27e905525d775fbd6d6776b7ddf7484536cb3fdc2412b4d2d3b9479b1618", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0403, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6397, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022749900817871094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 0, "run": 3}} {"ts": 1793143112.2425852, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "34ac27e905525d775fbd6d6776b7ddf7484536cb3fdc2412b4d2d3b9479b1618", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0403, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6397, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002563953399658203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 4, "run": 3}} {"ts": 1793143112.245537, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "34ac27e905525d775fbd6d6776b7ddf7484536cb3fdc2412b4d2d3b9479b1618", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0403, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6397, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025348663330078125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 6, "run": 3}} {"ts": 1793143112.248152, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "34ac27e905525d775fbd6d6776b7ddf7484536cb3fdc2412b4d2d3b9479b1618", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0403, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6397, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022439956665039062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 5, "run": 3}} {"ts": 1793143112.2521431, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "34ac27e905525d775fbd6d6776b7ddf7484536cb3fdc2412b4d2d3b9479b1618", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0403, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6397, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003690004348754883, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 2, "run": 3}} {"ts": 1793143112.254881, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "34ac27e905525d775fbd6d6776b7ddf7484536cb3fdc2412b4d2d3b9479b1618", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0403, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6397, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023050308227539062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 3, "run": 3}} {"ts": 1793143112.257478, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "34ac27e905525d775fbd6d6776b7ddf7484536cb3fdc2412b4d2d3b9479b1618", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0403, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6397, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022568702697753906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 1, "run": 3}} {"ts": 1793143112.26406, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "34ac27e905525d775fbd6d6776b7ddf7484536cb3fdc2412b4d2d3b9479b1618", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0403, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6397, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.006274223327636719, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 7, "run": 3}} {"ts": 1793143112.2676969, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "20b11c0d7f959f14dd18d6c2e125d77270f87048883ecef74f643a0ae4144e6f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025119781494140625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 3, "run": 3}} {"ts": 1793143112.270408, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "20b11c0d7f959f14dd18d6c2e125d77270f87048883ecef74f643a0ae4144e6f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002275228500366211, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 7, "run": 3}} {"ts": 1793143112.27299, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "20b11c0d7f959f14dd18d6c2e125d77270f87048883ecef74f643a0ae4144e6f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002240896224975586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 6, "run": 3}} {"ts": 1793143112.277537, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "20b11c0d7f959f14dd18d6c2e125d77270f87048883ecef74f643a0ae4144e6f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004248142242431641, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 4, "run": 3}} {"ts": 1793143112.280083, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "20b11c0d7f959f14dd18d6c2e125d77270f87048883ecef74f643a0ae4144e6f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018079280853271484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 2, "run": 3}} {"ts": 1793143112.281933, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "20b11c0d7f959f14dd18d6c2e125d77270f87048883ecef74f643a0ae4144e6f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016360282897949219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 0, "run": 3}} {"ts": 1793143112.283707, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "20b11c0d7f959f14dd18d6c2e125d77270f87048883ecef74f643a0ae4144e6f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015909671783447266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 1, "run": 3}} {"ts": 1793143112.285433, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "20b11c0d7f959f14dd18d6c2e125d77270f87048883ecef74f643a0ae4144e6f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015649795532226562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 5, "run": 3}} {"ts": 1793143112.287364, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "edc363ae51a0fe7a35a59a6069da79112ddada83e105c103527f8b1a5fbb63c3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001611948013305664, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 1, "run": 3}} {"ts": 1793143112.289106, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "edc363ae51a0fe7a35a59a6069da79112ddada83e105c103527f8b1a5fbb63c3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015790462493896484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 3, "run": 3}} {"ts": 1793143112.290844, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "edc363ae51a0fe7a35a59a6069da79112ddada83e105c103527f8b1a5fbb63c3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015861988067626953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 6, "run": 3}} {"ts": 1793143112.292599, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "edc363ae51a0fe7a35a59a6069da79112ddada83e105c103527f8b1a5fbb63c3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015938282012939453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 4, "run": 3}} {"ts": 1793143112.294253, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "edc363ae51a0fe7a35a59a6069da79112ddada83e105c103527f8b1a5fbb63c3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001497030258178711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 5, "run": 3}} {"ts": 1793143112.295888, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "edc363ae51a0fe7a35a59a6069da79112ddada83e105c103527f8b1a5fbb63c3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014929771423339844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 0, "run": 3}} {"ts": 1793143112.2975638, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "edc363ae51a0fe7a35a59a6069da79112ddada83e105c103527f8b1a5fbb63c3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015223026275634766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 2, "run": 3}} {"ts": 1793143112.299243, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "edc363ae51a0fe7a35a59a6069da79112ddada83e105c103527f8b1a5fbb63c3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015249252319335938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 7, "run": 3}} {"ts": 1793143112.301111, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8273ff61ef6cdb03473e37cf661703ecd992c42573bdcc4ddd3018e2af0f14a7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0448, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015537738800048828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 3, "run": 3}} {"ts": 1793143112.302801, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8273ff61ef6cdb03473e37cf661703ecd992c42573bdcc4ddd3018e2af0f14a7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0448, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015311241149902344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 1, "run": 3}} {"ts": 1793143112.30446, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8273ff61ef6cdb03473e37cf661703ecd992c42573bdcc4ddd3018e2af0f14a7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0448, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015060901641845703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 7, "run": 3}} {"ts": 1793143112.306103, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8273ff61ef6cdb03473e37cf661703ecd992c42573bdcc4ddd3018e2af0f14a7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0448, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014998912811279297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 2, "run": 3}} {"ts": 1793143112.307741, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8273ff61ef6cdb03473e37cf661703ecd992c42573bdcc4ddd3018e2af0f14a7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0448, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014917850494384766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 5, "run": 3}} {"ts": 1793143112.311069, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8273ff61ef6cdb03473e37cf661703ecd992c42573bdcc4ddd3018e2af0f14a7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0448, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0031769275665283203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 6, "run": 3}} {"ts": 1793143112.314002, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8273ff61ef6cdb03473e37cf661703ecd992c42573bdcc4ddd3018e2af0f14a7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0448, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024080276489257812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 4, "run": 3}} {"ts": 1793143112.316606, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8273ff61ef6cdb03473e37cf661703ecd992c42573bdcc4ddd3018e2af0f14a7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0448, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022499561309814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 0, "run": 3}} {"ts": 1793143112.319395, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "be369088aa11d8782c225f227e5719341023d632d1d517e12ae424fdab4f77b6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0423, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6416, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6648, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6648, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002238035202026367, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 6, "run": 3}} {"ts": 1793143112.322759, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "be369088aa11d8782c225f227e5719341023d632d1d517e12ae424fdab4f77b6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0423, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6416, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6648, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6648, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003058910369873047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 1, "run": 3}} {"ts": 1793143112.325726, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "be369088aa11d8782c225f227e5719341023d632d1d517e12ae424fdab4f77b6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0423, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6416, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6648, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6648, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024793148040771484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 3, "run": 3}} {"ts": 1793143112.3276858, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "be369088aa11d8782c225f227e5719341023d632d1d517e12ae424fdab4f77b6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0423, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6416, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6648, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6648, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016660690307617188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 0, "run": 3}} {"ts": 1793143112.329453, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "be369088aa11d8782c225f227e5719341023d632d1d517e12ae424fdab4f77b6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0423, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6416, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6648, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6648, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015790462493896484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 4, "run": 3}} {"ts": 1793143112.331326, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "be369088aa11d8782c225f227e5719341023d632d1d517e12ae424fdab4f77b6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0423, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6416, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6648, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6648, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016970634460449219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 2, "run": 3}} {"ts": 1793143112.341366, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "be369088aa11d8782c225f227e5719341023d632d1d517e12ae424fdab4f77b6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0423, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6416, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6648, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6648, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017118453979492188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 7, "run": 3}} {"ts": 1793143112.343155, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "be369088aa11d8782c225f227e5719341023d632d1d517e12ae424fdab4f77b6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0423, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6416, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6648, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6648, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015850067138671875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 5, "run": 3}} {"ts": 1793143112.345068, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8307f44f7934cb0d687023b644d078bb8c7de37e965625a7d2fee085d06aa88f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0236, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6232, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6463, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6463, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015778541564941406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 4, "run": 3}} {"ts": 1793143112.346771, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8307f44f7934cb0d687023b644d078bb8c7de37e965625a7d2fee085d06aa88f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0236, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6232, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6463, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6463, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015330314636230469, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 3, "run": 3}} {"ts": 1793143112.3484402, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8307f44f7934cb0d687023b644d078bb8c7de37e965625a7d2fee085d06aa88f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0236, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6232, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6463, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6463, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00151824951171875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 6, "run": 3}} {"ts": 1793143112.352046, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8307f44f7934cb0d687023b644d078bb8c7de37e965625a7d2fee085d06aa88f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0236, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6232, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6463, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6463, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003451108932495117, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 5, "run": 3}} {"ts": 1793143112.35474, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8307f44f7934cb0d687023b644d078bb8c7de37e965625a7d2fee085d06aa88f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0236, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6232, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6463, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6463, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002274036407470703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 2, "run": 3}} {"ts": 1793143112.3572521, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8307f44f7934cb0d687023b644d078bb8c7de37e965625a7d2fee085d06aa88f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0236, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6232, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6463, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6463, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022001266479492188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 1, "run": 3}} {"ts": 1793143112.3597162, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8307f44f7934cb0d687023b644d078bb8c7de37e965625a7d2fee085d06aa88f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0236, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6232, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6463, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6463, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021648406982421875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 7, "run": 3}} {"ts": 1793143112.363067, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8307f44f7934cb0d687023b644d078bb8c7de37e965625a7d2fee085d06aa88f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0236, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6232, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6463, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6463, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0029959678649902344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 0, "run": 3}} {"ts": 1793143112.365087, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9679502e23d1d5ea1d1ef1e86759aeeae4e1a560be8e7ef4ef84af530c162e2d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001619100570678711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 6, "run": 3}} {"ts": 1793143112.366822, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9679502e23d1d5ea1d1ef1e86759aeeae4e1a560be8e7ef4ef84af530c162e2d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015442371368408203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 3, "run": 3}} {"ts": 1793143112.368526, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9679502e23d1d5ea1d1ef1e86759aeeae4e1a560be8e7ef4ef84af530c162e2d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015370845794677734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 7, "run": 3}} {"ts": 1793143112.370311, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9679502e23d1d5ea1d1ef1e86759aeeae4e1a560be8e7ef4ef84af530c162e2d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016181468963623047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 5, "run": 3}} {"ts": 1793143112.3730612, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9679502e23d1d5ea1d1ef1e86759aeeae4e1a560be8e7ef4ef84af530c162e2d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002552032470703125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 0, "run": 3}} {"ts": 1793143112.375726, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9679502e23d1d5ea1d1ef1e86759aeeae4e1a560be8e7ef4ef84af530c162e2d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002279043197631836, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 2, "run": 3}} {"ts": 1793143112.3777459, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9679502e23d1d5ea1d1ef1e86759aeeae4e1a560be8e7ef4ef84af530c162e2d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016739368438720703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 1, "run": 3}} {"ts": 1793143112.3794801, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9679502e23d1d5ea1d1ef1e86759aeeae4e1a560be8e7ef4ef84af530c162e2d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015361309051513672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 4, "run": 3}} {"ts": 1793143112.381668, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6d942f933354b43198315a37e5ad2ae3660f5d1378ac217fc02d52daf8498418", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0355, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6349, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6581, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6581, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018391609191894531, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 4, "run": 3}} {"ts": 1793143112.3848782, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6d942f933354b43198315a37e5ad2ae3660f5d1378ac217fc02d52daf8498418", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0355, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6349, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6581, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6581, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0029997825622558594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 5, "run": 3}} {"ts": 1793143112.3879821, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6d942f933354b43198315a37e5ad2ae3660f5d1378ac217fc02d52daf8498418", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0355, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6349, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6581, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6581, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002686023712158203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 6, "run": 3}} {"ts": 1793143112.3910139, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6d942f933354b43198315a37e5ad2ae3660f5d1378ac217fc02d52daf8498418", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0355, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6349, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6581, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6581, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002585172653198242, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 7, "run": 3}} {"ts": 1793143112.396288, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6d942f933354b43198315a37e5ad2ae3660f5d1378ac217fc02d52daf8498418", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0355, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6349, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6581, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6581, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004870176315307617, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 0, "run": 3}} {"ts": 1793143112.3996758, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6d942f933354b43198315a37e5ad2ae3660f5d1378ac217fc02d52daf8498418", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0355, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6349, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6581, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6581, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0029959678649902344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 1, "run": 3}} {"ts": 1793143112.401536, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6d942f933354b43198315a37e5ad2ae3660f5d1378ac217fc02d52daf8498418", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0355, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6349, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6581, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6581, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015957355499267578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 2, "run": 3}} {"ts": 1793143112.403306, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6d942f933354b43198315a37e5ad2ae3660f5d1378ac217fc02d52daf8498418", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0355, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6349, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6581, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6581, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015790462493896484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 3, "run": 3}} {"ts": 1793143112.405256, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90f89389b3aed50d8ab8ee0d1ae22d8414bca5398cbf8f5b9a875b4f9ba37b9f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0692, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6683, \"target_holdings\": 6.4161}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 5.42, \"order_type\": \"limit\", \"limit_price\": 4.645, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.42, "order_type": "limit", "limit_price": 4.645, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015938282012939453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 2, "run": 3}} {"ts": 1793143112.406951, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90f89389b3aed50d8ab8ee0d1ae22d8414bca5398cbf8f5b9a875b4f9ba37b9f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0692, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6683, \"target_holdings\": 6.4161}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 5.42, \"order_type\": \"limit\", \"limit_price\": 4.645, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.42, "order_type": "limit", "limit_price": 4.645, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015239715576171875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 3, "run": 3}} {"ts": 1793143112.408619, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90f89389b3aed50d8ab8ee0d1ae22d8414bca5398cbf8f5b9a875b4f9ba37b9f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0692, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6683, \"target_holdings\": 6.4161}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 5.42, \"order_type\": \"limit\", \"limit_price\": 4.645, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.42, "order_type": "limit", "limit_price": 4.645, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001519918441772461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 6, "run": 3}} {"ts": 1793143112.410296, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90f89389b3aed50d8ab8ee0d1ae22d8414bca5398cbf8f5b9a875b4f9ba37b9f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0692, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6683, \"target_holdings\": 6.4161}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 5.42, \"order_type\": \"limit\", \"limit_price\": 4.645, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.42, "order_type": "limit", "limit_price": 4.645, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015261173248291016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 1, "run": 3}} {"ts": 1793143112.413256, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90f89389b3aed50d8ab8ee0d1ae22d8414bca5398cbf8f5b9a875b4f9ba37b9f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0692, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6683, \"target_holdings\": 6.4161}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 5.42, \"order_type\": \"limit\", \"limit_price\": 4.645, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.42, "order_type": "limit", "limit_price": 4.645, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002490997314453125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 4, "run": 3}} {"ts": 1793143112.415925, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90f89389b3aed50d8ab8ee0d1ae22d8414bca5398cbf8f5b9a875b4f9ba37b9f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0692, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6683, \"target_holdings\": 6.4161}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 5.42, \"order_type\": \"limit\", \"limit_price\": 4.645, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.42, "order_type": "limit", "limit_price": 4.645, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022802352905273438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 5, "run": 3}} {"ts": 1793143112.418488, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90f89389b3aed50d8ab8ee0d1ae22d8414bca5398cbf8f5b9a875b4f9ba37b9f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0692, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6683, \"target_holdings\": 6.4161}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 5.42, \"order_type\": \"limit\", \"limit_price\": 4.645, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.42, "order_type": "limit", "limit_price": 4.645, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022389888763427734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 0, "run": 3}} {"ts": 1793143112.4209971, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90f89389b3aed50d8ab8ee0d1ae22d8414bca5398cbf8f5b9a875b4f9ba37b9f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0692, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6683, \"target_holdings\": 6.4161}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 5.42, \"order_type\": \"limit\", \"limit_price\": 4.645, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.42, "order_type": "limit", "limit_price": 4.645, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002209901809692383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 7, "run": 3}} {"ts": 1793143112.42484, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b3e30ff5cdf779181726014ff37a02b62d15bc3f66f0fdec6c6beb1a31b8fdf7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0596, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.7057}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 2.71, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.71, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003325939178466797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 0, "run": 3}} {"ts": 1793143112.427752, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b3e30ff5cdf779181726014ff37a02b62d15bc3f66f0fdec6c6beb1a31b8fdf7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0596, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.7057}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 2.71, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.71, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024271011352539062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 4, "run": 3}} {"ts": 1793143112.429939, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b3e30ff5cdf779181726014ff37a02b62d15bc3f66f0fdec6c6beb1a31b8fdf7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0596, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.7057}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 2.71, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.71, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017709732055664062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 5, "run": 3}} {"ts": 1793143112.4317281, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b3e30ff5cdf779181726014ff37a02b62d15bc3f66f0fdec6c6beb1a31b8fdf7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0596, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.7057}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 2.71, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.71, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015769004821777344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 3, "run": 3}} {"ts": 1793143112.438914, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b3e30ff5cdf779181726014ff37a02b62d15bc3f66f0fdec6c6beb1a31b8fdf7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0596, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.7057}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 2.71, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.71, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.007009029388427734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 1, "run": 3}} {"ts": 1793143112.441637, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b3e30ff5cdf779181726014ff37a02b62d15bc3f66f0fdec6c6beb1a31b8fdf7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0596, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.7057}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 2.71, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.71, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023169517517089844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 6, "run": 3}} {"ts": 1793143112.4434078, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b3e30ff5cdf779181726014ff37a02b62d15bc3f66f0fdec6c6beb1a31b8fdf7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0596, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.7057}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 2.71, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.71, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015590190887451172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 7, "run": 3}} {"ts": 1793143112.445088, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b3e30ff5cdf779181726014ff37a02b62d15bc3f66f0fdec6c6beb1a31b8fdf7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0596, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2284, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6587, \"target_holdings\": 3.7057}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 2.71, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.71, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015187263488769531, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 2, "run": 3}} {"ts": 1793143112.446986, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4d8bf1b64fca8547902bfd97cab3328dc88b50f1381b414d609d047600f27931", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3098, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0105}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015869140625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 2, "run": 3}} {"ts": 1793143112.4519591, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4d8bf1b64fca8547902bfd97cab3328dc88b50f1381b414d609d047600f27931", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3098, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0105}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004789829254150391, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 5, "run": 3}} {"ts": 1793143112.454779, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4d8bf1b64fca8547902bfd97cab3328dc88b50f1381b414d609d047600f27931", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3098, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0105}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002382040023803711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 6, "run": 3}} {"ts": 1793143112.457412, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4d8bf1b64fca8547902bfd97cab3328dc88b50f1381b414d609d047600f27931", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3098, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0105}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022809505462646484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 4, "run": 3}} {"ts": 1793143112.4599109, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4d8bf1b64fca8547902bfd97cab3328dc88b50f1381b414d609d047600f27931", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3098, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0105}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021800994873046875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 7, "run": 3}} {"ts": 1793143112.461801, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4d8bf1b64fca8547902bfd97cab3328dc88b50f1381b414d609d047600f27931", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3098, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0105}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016281604766845703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 3, "run": 3}} {"ts": 1793143112.463542, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4d8bf1b64fca8547902bfd97cab3328dc88b50f1381b414d609d047600f27931", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3098, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0105}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015537738800048828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 1, "run": 3}} {"ts": 1793143112.465788, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4d8bf1b64fca8547902bfd97cab3328dc88b50f1381b414d609d047600f27931", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3098, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0105}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020558834075927734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 0, "run": 3}} {"ts": 1793143112.469146, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ba03ec2ca38c8967bbbff71ec48ff97dd5c582ceec77a0a00126a81dcf437dd6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0527, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.381, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6519, \"target_holdings\": 1.7533}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 0.75, \"order_type\": \"limit\", \"limit_price\": 4.6286, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.75, "order_type": "limit", "limit_price": 4.6286, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002732992172241211, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 0, "run": 3}} {"ts": 1793143112.473248, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ba03ec2ca38c8967bbbff71ec48ff97dd5c582ceec77a0a00126a81dcf437dd6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0527, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.381, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6519, \"target_holdings\": 1.7533}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 0.75, \"order_type\": \"limit\", \"limit_price\": 4.6286, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.75, "order_type": "limit", "limit_price": 4.6286, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003702878952026367, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 7, "run": 3}} {"ts": 1793143112.475878, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ba03ec2ca38c8967bbbff71ec48ff97dd5c582ceec77a0a00126a81dcf437dd6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0527, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.381, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6519, \"target_holdings\": 1.7533}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 0.75, \"order_type\": \"limit\", \"limit_price\": 4.6286, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.75, "order_type": "limit", "limit_price": 4.6286, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022788047790527344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 2, "run": 3}} {"ts": 1793143112.47844, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ba03ec2ca38c8967bbbff71ec48ff97dd5c582ceec77a0a00126a81dcf437dd6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0527, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.381, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6519, \"target_holdings\": 1.7533}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 0.75, \"order_type\": \"limit\", \"limit_price\": 4.6286, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.75, "order_type": "limit", "limit_price": 4.6286, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002249002456665039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 6, "run": 3}} {"ts": 1793143112.4810061, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ba03ec2ca38c8967bbbff71ec48ff97dd5c582ceec77a0a00126a81dcf437dd6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0527, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.381, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6519, \"target_holdings\": 1.7533}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 0.75, \"order_type\": \"limit\", \"limit_price\": 4.6286, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.75, "order_type": "limit", "limit_price": 4.6286, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002262115478515625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 4, "run": 3}} {"ts": 1793143112.4836, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ba03ec2ca38c8967bbbff71ec48ff97dd5c582ceec77a0a00126a81dcf437dd6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0527, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.381, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6519, \"target_holdings\": 1.7533}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 0.75, \"order_type\": \"limit\", \"limit_price\": 4.6286, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.75, "order_type": "limit", "limit_price": 4.6286, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002293825149536133, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 5, "run": 3}} {"ts": 1793143112.485793, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ba03ec2ca38c8967bbbff71ec48ff97dd5c582ceec77a0a00126a81dcf437dd6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0527, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.381, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6519, \"target_holdings\": 1.7533}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 0.75, \"order_type\": \"limit\", \"limit_price\": 4.6286, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.75, "order_type": "limit", "limit_price": 4.6286, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018930435180664062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 3, "run": 3}} {"ts": 1793143112.487562, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ba03ec2ca38c8967bbbff71ec48ff97dd5c582ceec77a0a00126a81dcf437dd6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0527, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.381, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6519, \"target_holdings\": 1.7533}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 0.75, \"order_type\": \"limit\", \"limit_price\": 4.6286, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.75, "order_type": "limit", "limit_price": 4.6286, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015518665313720703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 1, "run": 3}} {"ts": 1793143112.489439, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "419865526f5727c62601fc2c214988eac1f26ad0c8484508a06a121aca0d0f2b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0397, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.448, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.639, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6622, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6622, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015480518341064453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 4, "run": 3}} {"ts": 1793143112.491107, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "419865526f5727c62601fc2c214988eac1f26ad0c8484508a06a121aca0d0f2b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0397, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.448, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.639, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6622, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6622, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015170574188232422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 1, "run": 3}} {"ts": 1793143112.492785, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "419865526f5727c62601fc2c214988eac1f26ad0c8484508a06a121aca0d0f2b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0397, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.448, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.639, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6622, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6622, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015249252319335938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 6, "run": 3}} {"ts": 1793143112.4944482, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "419865526f5727c62601fc2c214988eac1f26ad0c8484508a06a121aca0d0f2b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0397, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.448, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.639, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6622, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6622, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015110969543457031, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 7, "run": 3}} {"ts": 1793143112.499017, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "419865526f5727c62601fc2c214988eac1f26ad0c8484508a06a121aca0d0f2b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0397, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.448, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.639, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6622, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6622, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004407167434692383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 3, "run": 3}} {"ts": 1793143112.502048, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "419865526f5727c62601fc2c214988eac1f26ad0c8484508a06a121aca0d0f2b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0397, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.448, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.639, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6622, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6622, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025908946990966797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 2, "run": 3}} {"ts": 1793143112.504652, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "419865526f5727c62601fc2c214988eac1f26ad0c8484508a06a121aca0d0f2b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0397, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.448, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.639, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6622, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6622, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022459030151367188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 5, "run": 3}} {"ts": 1793143112.511382, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "419865526f5727c62601fc2c214988eac1f26ad0c8484508a06a121aca0d0f2b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0397, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.448, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.639, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6622, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6622, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.006398200988769531, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 0, "run": 3}} {"ts": 1793143112.5165272, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "80821e7b0ce138d8d2596ab23031481a852ccad935ea0c105ccbe4c165622d5a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5093, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0043792724609375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 5, "run": 3}} {"ts": 1793143112.518386, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "80821e7b0ce138d8d2596ab23031481a852ccad935ea0c105ccbe4c165622d5a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5093, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016150474548339844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 2, "run": 3}} {"ts": 1793143112.5202181, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "80821e7b0ce138d8d2596ab23031481a852ccad935ea0c105ccbe4c165622d5a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5093, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016620159149169922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 1, "run": 3}} {"ts": 1793143112.5261881, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "80821e7b0ce138d8d2596ab23031481a852ccad935ea0c105ccbe4c165622d5a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5093, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005759239196777344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 0, "run": 3}} {"ts": 1793143112.529, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "80821e7b0ce138d8d2596ab23031481a852ccad935ea0c105ccbe4c165622d5a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5093, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023190975189208984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 7, "run": 3}} {"ts": 1793143112.5317068, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "80821e7b0ce138d8d2596ab23031481a852ccad935ea0c105ccbe4c165622d5a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5093, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023720264434814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 3, "run": 3}} {"ts": 1793143112.534262, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "80821e7b0ce138d8d2596ab23031481a852ccad935ea0c105ccbe4c165622d5a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5093, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022432804107666016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 6, "run": 3}} {"ts": 1793143112.5387971, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "80821e7b0ce138d8d2596ab23031481a852ccad935ea0c105ccbe4c165622d5a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0354, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5093, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6348, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.658, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.658, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004217863082885742, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 4, "run": 3}} {"ts": 1793143112.540983, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1c9e90205819992e2fe5321798dd8492266044ef4c0b99c78470c88cbf0b8d3d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5642, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017337799072265625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 7, "run": 3}} {"ts": 1793143112.5428128, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1c9e90205819992e2fe5321798dd8492266044ef4c0b99c78470c88cbf0b8d3d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5642, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016293525695800781, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 3, "run": 3}} {"ts": 1793143112.544608, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1c9e90205819992e2fe5321798dd8492266044ef4c0b99c78470c88cbf0b8d3d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5642, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016160011291503906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 6, "run": 3}} {"ts": 1793143112.5463629, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1c9e90205819992e2fe5321798dd8492266044ef4c0b99c78470c88cbf0b8d3d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5642, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015988349914550781, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 2, "run": 3}} {"ts": 1793143112.5548851, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1c9e90205819992e2fe5321798dd8492266044ef4c0b99c78470c88cbf0b8d3d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5642, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.008355855941772461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 0, "run": 3}} {"ts": 1793143112.558862, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1c9e90205819992e2fe5321798dd8492266044ef4c0b99c78470c88cbf0b8d3d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5642, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0035011768341064453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 4, "run": 3}} {"ts": 1793143112.560852, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1c9e90205819992e2fe5321798dd8492266044ef4c0b99c78470c88cbf0b8d3d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5642, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016939640045166016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 5, "run": 3}} {"ts": 1793143112.562664, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1c9e90205819992e2fe5321798dd8492266044ef4c0b99c78470c88cbf0b8d3d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0395, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5642, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6389, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016200542449951172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 1, "run": 3}} {"ts": 1793143112.564662, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5f78590cca3fc97d2c3f7d40515ae3e076b80fb376d0fe5950211f32afaa7576", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6228, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001644134521484375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 1, "run": 3}} {"ts": 1793143112.5676851, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5f78590cca3fc97d2c3f7d40515ae3e076b80fb376d0fe5950211f32afaa7576", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6228, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002846956253051758, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 0, "run": 3}} {"ts": 1793143112.570496, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5f78590cca3fc97d2c3f7d40515ae3e076b80fb376d0fe5950211f32afaa7576", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6228, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002341032028198242, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 7, "run": 3}} {"ts": 1793143112.573192, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5f78590cca3fc97d2c3f7d40515ae3e076b80fb376d0fe5950211f32afaa7576", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6228, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022881031036376953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 2, "run": 3}} {"ts": 1793143112.575706, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5f78590cca3fc97d2c3f7d40515ae3e076b80fb376d0fe5950211f32afaa7576", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6228, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021719932556152344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 6, "run": 3}} {"ts": 1793143112.58137, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5f78590cca3fc97d2c3f7d40515ae3e076b80fb376d0fe5950211f32afaa7576", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6228, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005360841751098633, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 4, "run": 3}} {"ts": 1793143112.583273, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5f78590cca3fc97d2c3f7d40515ae3e076b80fb376d0fe5950211f32afaa7576", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6228, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001641988754272461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 5, "run": 3}} {"ts": 1793143112.5850182, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5f78590cca3fc97d2c3f7d40515ae3e076b80fb376d0fe5950211f32afaa7576", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6228, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015490055084228516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 3, "run": 3}} {"ts": 1793143112.586934, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2d8f6c64d5bf1d95550880cb528e7aabb2a0ed57d4ba634c236f32d60b965a0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0547, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6924, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6539, \"target_holdings\": 2.3371}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 1.34, \"order_type\": \"limit\", \"limit_price\": 4.6306, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.34, "order_type": "limit", "limit_price": 4.6306, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015780925750732422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 5, "run": 3}} {"ts": 1793143112.588655, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2d8f6c64d5bf1d95550880cb528e7aabb2a0ed57d4ba634c236f32d60b965a0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0547, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6924, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6539, \"target_holdings\": 2.3371}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 1.34, \"order_type\": \"limit\", \"limit_price\": 4.6306, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.34, "order_type": "limit", "limit_price": 4.6306, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015461444854736328, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 7, "run": 3}} {"ts": 1793143112.590729, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2d8f6c64d5bf1d95550880cb528e7aabb2a0ed57d4ba634c236f32d60b965a0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0547, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6924, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6539, \"target_holdings\": 2.3371}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 1.34, \"order_type\": \"limit\", \"limit_price\": 4.6306, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.34, "order_type": "limit", "limit_price": 4.6306, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001909017562866211, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 2, "run": 3}} {"ts": 1793143112.5936599, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2d8f6c64d5bf1d95550880cb528e7aabb2a0ed57d4ba634c236f32d60b965a0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0547, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6924, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6539, \"target_holdings\": 2.3371}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 1.34, \"order_type\": \"limit\", \"limit_price\": 4.6306, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.34, "order_type": "limit", "limit_price": 4.6306, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002518892288208008, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 4, "run": 3}} {"ts": 1793143112.596388, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2d8f6c64d5bf1d95550880cb528e7aabb2a0ed57d4ba634c236f32d60b965a0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0547, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6924, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6539, \"target_holdings\": 2.3371}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 1.34, \"order_type\": \"limit\", \"limit_price\": 4.6306, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.34, "order_type": "limit", "limit_price": 4.6306, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002315044403076172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 0, "run": 3}} {"ts": 1793143112.599031, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2d8f6c64d5bf1d95550880cb528e7aabb2a0ed57d4ba634c236f32d60b965a0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0547, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6924, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6539, \"target_holdings\": 2.3371}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 1.34, \"order_type\": \"limit\", \"limit_price\": 4.6306, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.34, "order_type": "limit", "limit_price": 4.6306, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002307891845703125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 3, "run": 3}} {"ts": 1793143112.6016371, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2d8f6c64d5bf1d95550880cb528e7aabb2a0ed57d4ba634c236f32d60b965a0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0547, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6924, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6539, \"target_holdings\": 2.3371}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 1.34, \"order_type\": \"limit\", \"limit_price\": 4.6306, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.34, "order_type": "limit", "limit_price": 4.6306, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002279043197631836, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 6, "run": 3}} {"ts": 1793143112.603519, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2d8f6c64d5bf1d95550880cb528e7aabb2a0ed57d4ba634c236f32d60b965a0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0547, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6924, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6539, \"target_holdings\": 2.3371}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 1.34, \"order_type\": \"limit\", \"limit_price\": 4.6306, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.34, "order_type": "limit", "limit_price": 4.6306, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016019344329833984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 1, "run": 3}} {"ts": 1793143112.6054668, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c6c0fdc9543986d7aa1ea7ddc343f26fe27570b3ca3dc62f3b4e3f6e16edb1c9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7607, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0149}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001600027084350586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 7, "run": 3}} {"ts": 1793143112.607381, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c6c0fdc9543986d7aa1ea7ddc343f26fe27570b3ca3dc62f3b4e3f6e16edb1c9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7607, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0149}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017290115356445312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 6, "run": 3}} {"ts": 1793143112.609571, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c6c0fdc9543986d7aa1ea7ddc343f26fe27570b3ca3dc62f3b4e3f6e16edb1c9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7607, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0149}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019791126251220703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 4, "run": 3}} {"ts": 1793143112.613187, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c6c0fdc9543986d7aa1ea7ddc343f26fe27570b3ca3dc62f3b4e3f6e16edb1c9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7607, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0149}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003432035446166992, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 3, "run": 3}} {"ts": 1793143112.61888, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c6c0fdc9543986d7aa1ea7ddc343f26fe27570b3ca3dc62f3b4e3f6e16edb1c9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7607, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0149}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0052411556243896484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 0, "run": 3}} {"ts": 1793143112.620883, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c6c0fdc9543986d7aa1ea7ddc343f26fe27570b3ca3dc62f3b4e3f6e16edb1c9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7607, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0149}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016851425170898438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 2, "run": 3}} {"ts": 1793143112.622735, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c6c0fdc9543986d7aa1ea7ddc343f26fe27570b3ca3dc62f3b4e3f6e16edb1c9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7607, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0149}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016388893127441406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 1, "run": 3}} {"ts": 1793143112.624597, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c6c0fdc9543986d7aa1ea7ddc343f26fe27570b3ca3dc62f3b4e3f6e16edb1c9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7607, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6563, \"target_holdings\": 3.0149}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001653909683227539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 5, "run": 3}} {"ts": 1793143112.626988, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecb80253fc7d56c3663f688e852fb17fe2fb13db0f0edc9cdbea0cb93fdb1359", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8406, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5679}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019469261169433594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 3, "run": 3}} {"ts": 1793143112.629338, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecb80253fc7d56c3663f688e852fb17fe2fb13db0f0edc9cdbea0cb93fdb1359", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8406, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5679}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021219253540039062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 2, "run": 3}} {"ts": 1793143112.631423, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecb80253fc7d56c3663f688e852fb17fe2fb13db0f0edc9cdbea0cb93fdb1359", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8406, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5679}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018639564514160156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 5, "run": 3}} {"ts": 1793143112.6332989, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecb80253fc7d56c3663f688e852fb17fe2fb13db0f0edc9cdbea0cb93fdb1359", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8406, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5679}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016965866088867188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 7, "run": 3}} {"ts": 1793143112.6368241, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecb80253fc7d56c3663f688e852fb17fe2fb13db0f0edc9cdbea0cb93fdb1359", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8406, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5679}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0033349990844726562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 6, "run": 3}} {"ts": 1793143112.639648, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecb80253fc7d56c3663f688e852fb17fe2fb13db0f0edc9cdbea0cb93fdb1359", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8406, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5679}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023908615112304688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 0, "run": 3}} {"ts": 1793143112.64237, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecb80253fc7d56c3663f688e852fb17fe2fb13db0f0edc9cdbea0cb93fdb1359", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8406, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5679}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023889541625976562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 4, "run": 3}} {"ts": 1793143112.644947, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecb80253fc7d56c3663f688e852fb17fe2fb13db0f0edc9cdbea0cb93fdb1359", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8406, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6477, \"target_holdings\": 0.5679}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 0.43, \"order_type\": \"limit\", \"limit_price\": 4.6709, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.43, "order_type": "limit", "limit_price": 4.6709, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022590160369873047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 1, "run": 3}} {"ts": 1793143112.647788, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "59d2b6f0fd99df05722a45bf605a0f670e899d8673cb45303d160262fba59891", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0481, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9152, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6474, \"target_holdings\": 0.463}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 0.54, \"order_type\": \"limit\", \"limit_price\": 4.6706, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.54, "order_type": "limit", "limit_price": 4.6706, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002315998077392578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 2, "run": 3}} {"ts": 1793143112.650336, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "59d2b6f0fd99df05722a45bf605a0f670e899d8673cb45303d160262fba59891", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0481, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9152, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6474, \"target_holdings\": 0.463}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 0.54, \"order_type\": \"limit\", \"limit_price\": 4.6706, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.54, "order_type": "limit", "limit_price": 4.6706, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022470951080322266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 7, "run": 3}} {"ts": 1793143112.6529028, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "59d2b6f0fd99df05722a45bf605a0f670e899d8673cb45303d160262fba59891", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0481, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9152, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6474, \"target_holdings\": 0.463}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 0.54, \"order_type\": \"limit\", \"limit_price\": 4.6706, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.54, "order_type": "limit", "limit_price": 4.6706, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002267122268676758, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 3, "run": 3}} {"ts": 1793143112.655814, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "59d2b6f0fd99df05722a45bf605a0f670e899d8673cb45303d160262fba59891", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0481, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9152, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6474, \"target_holdings\": 0.463}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 0.54, \"order_type\": \"limit\", \"limit_price\": 4.6706, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.54, "order_type": "limit", "limit_price": 4.6706, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026161670684814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 6, "run": 3}} {"ts": 1793143112.6576908, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "59d2b6f0fd99df05722a45bf605a0f670e899d8673cb45303d160262fba59891", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0481, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9152, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6474, \"target_holdings\": 0.463}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 0.54, \"order_type\": \"limit\", \"limit_price\": 4.6706, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.54, "order_type": "limit", "limit_price": 4.6706, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001657247543334961, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 0, "run": 3}} {"ts": 1793143112.659522, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "59d2b6f0fd99df05722a45bf605a0f670e899d8673cb45303d160262fba59891", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0481, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9152, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6474, \"target_holdings\": 0.463}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 0.54, \"order_type\": \"limit\", \"limit_price\": 4.6706, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.54, "order_type": "limit", "limit_price": 4.6706, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016376972198486328, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 1, "run": 3}} {"ts": 1793143112.661325, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "59d2b6f0fd99df05722a45bf605a0f670e899d8673cb45303d160262fba59891", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0481, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9152, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6474, \"target_holdings\": 0.463}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 0.54, \"order_type\": \"limit\", \"limit_price\": 4.6706, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.54, "order_type": "limit", "limit_price": 4.6706, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016319751739501953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 5, "run": 3}} {"ts": 1793143112.663156, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "59d2b6f0fd99df05722a45bf605a0f670e899d8673cb45303d160262fba59891", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0481, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9152, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6474, \"target_holdings\": 0.463}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 0.54, \"order_type\": \"limit\", \"limit_price\": 4.6706, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.54, "order_type": "limit", "limit_price": 4.6706, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016429424285888672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 4, "run": 3}} {"ts": 1793143112.672184, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "241e5760da6acbe9cefad5e5f0cd957fd6aa9d6f4dc16a42f4e304d4db0ae233", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0628, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9897, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6619, \"target_holdings\": 4.6093}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 3.61, \"order_type\": \"limit\", \"limit_price\": 4.6386, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.61, "order_type": "limit", "limit_price": 4.6386, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.008685827255249023, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 5, "run": 3}} {"ts": 1793143112.674847, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "241e5760da6acbe9cefad5e5f0cd957fd6aa9d6f4dc16a42f4e304d4db0ae233", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0628, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9897, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6619, \"target_holdings\": 4.6093}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 3.61, \"order_type\": \"limit\", \"limit_price\": 4.6386, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.61, "order_type": "limit", "limit_price": 4.6386, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002273082733154297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 3, "run": 3}} {"ts": 1793143112.6774468, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "241e5760da6acbe9cefad5e5f0cd957fd6aa9d6f4dc16a42f4e304d4db0ae233", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0628, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9897, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6619, \"target_holdings\": 4.6093}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 3.61, \"order_type\": \"limit\", \"limit_price\": 4.6386, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.61, "order_type": "limit", "limit_price": 4.6386, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022699832916259766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 0, "run": 3}} {"ts": 1793143112.6799612, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "241e5760da6acbe9cefad5e5f0cd957fd6aa9d6f4dc16a42f4e304d4db0ae233", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0628, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9897, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6619, \"target_holdings\": 4.6093}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 3.61, \"order_type\": \"limit\", \"limit_price\": 4.6386, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.61, "order_type": "limit", "limit_price": 4.6386, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022039413452148438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 2, "run": 3}} {"ts": 1793143112.6824791, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "241e5760da6acbe9cefad5e5f0cd957fd6aa9d6f4dc16a42f4e304d4db0ae233", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0628, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9897, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6619, \"target_holdings\": 4.6093}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 3.61, \"order_type\": \"limit\", \"limit_price\": 4.6386, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.61, "order_type": "limit", "limit_price": 4.6386, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022199153900146484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 7, "run": 3}} {"ts": 1793143112.6867242, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "241e5760da6acbe9cefad5e5f0cd957fd6aa9d6f4dc16a42f4e304d4db0ae233", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0628, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9897, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6619, \"target_holdings\": 4.6093}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 3.61, \"order_type\": \"limit\", \"limit_price\": 4.6386, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.61, "order_type": "limit", "limit_price": 4.6386, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023658275604248047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 6, "run": 3}} {"ts": 1793143112.68869, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "241e5760da6acbe9cefad5e5f0cd957fd6aa9d6f4dc16a42f4e304d4db0ae233", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0628, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9897, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6619, \"target_holdings\": 4.6093}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 3.61, \"order_type\": \"limit\", \"limit_price\": 4.6386, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.61, "order_type": "limit", "limit_price": 4.6386, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017058849334716797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 1, "run": 3}} {"ts": 1793143112.690548, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "241e5760da6acbe9cefad5e5f0cd957fd6aa9d6f4dc16a42f4e304d4db0ae233", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0628, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9897, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6619, \"target_holdings\": 4.6093}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 3.61, \"order_type\": \"limit\", \"limit_price\": 4.6386, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.61, "order_type": "limit", "limit_price": 4.6386, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016677379608154297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 4, "run": 3}} {"ts": 1793143112.692599, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "786d4b79d8ba4e254bf77336a0227609d41484feb61e335d740c9af8e61bf1f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0716, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0799, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6706, \"target_holdings\": 7.0968}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 6.1, \"order_type\": \"limit\", \"limit_price\": 4.6472, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.1, "order_type": "limit", "limit_price": 4.6472, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017101764678955078, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 2, "run": 3}} {"ts": 1793143112.69447, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "786d4b79d8ba4e254bf77336a0227609d41484feb61e335d740c9af8e61bf1f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0716, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0799, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6706, \"target_holdings\": 7.0968}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 6.1, \"order_type\": \"limit\", \"limit_price\": 4.6472, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.1, "order_type": "limit", "limit_price": 4.6472, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00168609619140625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 7, "run": 3}} {"ts": 1793143112.6992588, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "786d4b79d8ba4e254bf77336a0227609d41484feb61e335d740c9af8e61bf1f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0716, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0799, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6706, \"target_holdings\": 7.0968}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 6.1, \"order_type\": \"limit\", \"limit_price\": 4.6472, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.1, "order_type": "limit", "limit_price": 4.6472, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004602909088134766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 6, "run": 3}} {"ts": 1793143112.702137, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "786d4b79d8ba4e254bf77336a0227609d41484feb61e335d740c9af8e61bf1f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0716, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0799, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6706, \"target_holdings\": 7.0968}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 6.1, \"order_type\": \"limit\", \"limit_price\": 4.6472, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.1, "order_type": "limit", "limit_price": 4.6472, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002404928207397461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 4, "run": 3}} {"ts": 1793143112.704749, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "786d4b79d8ba4e254bf77336a0227609d41484feb61e335d740c9af8e61bf1f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0716, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0799, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6706, \"target_holdings\": 7.0968}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 6.1, \"order_type\": \"limit\", \"limit_price\": 4.6472, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.1, "order_type": "limit", "limit_price": 4.6472, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002285003662109375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 0, "run": 3}} {"ts": 1793143112.707329, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "786d4b79d8ba4e254bf77336a0227609d41484feb61e335d740c9af8e61bf1f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0716, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0799, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6706, \"target_holdings\": 7.0968}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 6.1, \"order_type\": \"limit\", \"limit_price\": 4.6472, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.1, "order_type": "limit", "limit_price": 4.6472, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002262592315673828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 3, "run": 3}} {"ts": 1793143112.71061, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "786d4b79d8ba4e254bf77336a0227609d41484feb61e335d740c9af8e61bf1f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0716, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0799, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6706, \"target_holdings\": 7.0968}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 6.1, \"order_type\": \"limit\", \"limit_price\": 4.6472, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.1, "order_type": "limit", "limit_price": 4.6472, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0029790401458740234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 1, "run": 3}} {"ts": 1793143112.712935, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "786d4b79d8ba4e254bf77336a0227609d41484feb61e335d740c9af8e61bf1f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0716, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0799, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6706, \"target_holdings\": 7.0968}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 6.1, \"order_type\": \"limit\", \"limit_price\": 4.6472, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.1, "order_type": "limit", "limit_price": 4.6472, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019042491912841797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 5, "run": 3}} {"ts": 1793143112.715491, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d396c95ea0a328f34a4d60f435c9d8b3dedb7667c15c658f58cd87cc65a3d509", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1684, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 0.56, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.56, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002165079116821289, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 4, "run": 3}} {"ts": 1793143112.718282, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d396c95ea0a328f34a4d60f435c9d8b3dedb7667c15c658f58cd87cc65a3d509", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1684, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 0.56, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.56, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023202896118164062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 2, "run": 3}} {"ts": 1793143112.728061, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d396c95ea0a328f34a4d60f435c9d8b3dedb7667c15c658f58cd87cc65a3d509", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1684, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 0.56, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.56, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.009432077407836914, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 1, "run": 3}} {"ts": 1793143112.730098, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d396c95ea0a328f34a4d60f435c9d8b3dedb7667c15c658f58cd87cc65a3d509", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1684, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 0.56, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.56, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017430782318115234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 5, "run": 3}} {"ts": 1793143112.7319622, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d396c95ea0a328f34a4d60f435c9d8b3dedb7667c15c658f58cd87cc65a3d509", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1684, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 0.56, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.56, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016701221466064453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 0, "run": 3}} {"ts": 1793143112.7337852, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d396c95ea0a328f34a4d60f435c9d8b3dedb7667c15c658f58cd87cc65a3d509", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1684, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 0.56, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.56, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016460418701171875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 7, "run": 3}} {"ts": 1793143112.735633, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d396c95ea0a328f34a4d60f435c9d8b3dedb7667c15c658f58cd87cc65a3d509", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1684, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 0.56, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.56, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016720294952392578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 3, "run": 3}} {"ts": 1793143112.738303, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d396c95ea0a328f34a4d60f435c9d8b3dedb7667c15c658f58cd87cc65a3d509", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1684, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5639}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 0.56, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.56, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024869441986083984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 6, "run": 3}} {"ts": 1793143112.741246, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0bced9e22daa906d722d76052718c0c1c6b547c09766d2b212cda156f1798906", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2458, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6492, \"target_holdings\": 0.971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 0.03, \"order_type\": \"limit\", \"limit_price\": 4.6724, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.03, "order_type": "limit", "limit_price": 4.6724, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002324819564819336, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 2, "run": 3}} {"ts": 1793143112.7438369, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0bced9e22daa906d722d76052718c0c1c6b547c09766d2b212cda156f1798906", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2458, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6492, \"target_holdings\": 0.971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 0.03, \"order_type\": \"limit\", \"limit_price\": 4.6724, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.03, "order_type": "limit", "limit_price": 4.6724, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022461414337158203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 5, "run": 3}} {"ts": 1793143112.7463932, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0bced9e22daa906d722d76052718c0c1c6b547c09766d2b212cda156f1798906", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2458, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6492, \"target_holdings\": 0.971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 0.03, \"order_type\": \"limit\", \"limit_price\": 4.6724, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.03, "order_type": "limit", "limit_price": 4.6724, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002235889434814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 6, "run": 3}} {"ts": 1793143112.7489102, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0bced9e22daa906d722d76052718c0c1c6b547c09766d2b212cda156f1798906", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2458, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6492, \"target_holdings\": 0.971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 0.03, \"order_type\": \"limit\", \"limit_price\": 4.6724, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.03, "order_type": "limit", "limit_price": 4.6724, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022170543670654297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 3, "run": 3}} {"ts": 1793143112.751408, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0bced9e22daa906d722d76052718c0c1c6b547c09766d2b212cda156f1798906", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2458, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6492, \"target_holdings\": 0.971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 0.03, \"order_type\": \"limit\", \"limit_price\": 4.6724, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.03, "order_type": "limit", "limit_price": 4.6724, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022041797637939453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 1, "run": 3}} {"ts": 1793143112.75366, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0bced9e22daa906d722d76052718c0c1c6b547c09766d2b212cda156f1798906", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2458, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6492, \"target_holdings\": 0.971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 0.03, \"order_type\": \"limit\", \"limit_price\": 4.6724, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.03, "order_type": "limit", "limit_price": 4.6724, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019702911376953125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 0, "run": 3}} {"ts": 1793143112.755511, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0bced9e22daa906d722d76052718c0c1c6b547c09766d2b212cda156f1798906", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2458, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6492, \"target_holdings\": 0.971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 0.03, \"order_type\": \"limit\", \"limit_price\": 4.6724, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.03, "order_type": "limit", "limit_price": 4.6724, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016319751739501953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 4, "run": 3}} {"ts": 1793143112.757271, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0bced9e22daa906d722d76052718c0c1c6b547c09766d2b212cda156f1798906", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0499, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2458, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6492, \"target_holdings\": 0.971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 0.03, \"order_type\": \"limit\", \"limit_price\": 4.6724, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.03, "order_type": "limit", "limit_price": 4.6724, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015838146209716797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 7, "run": 3}} {"ts": 1793143112.7611609, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "925fecaa9fd3f44528a75246f9729c1076907f63796011cf2673ef05fd7d04d7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0597, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6589, \"target_holdings\": 3.7489}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 2.75, \"order_type\": \"limit\", \"limit_price\": 4.6356, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.75, "order_type": "limit", "limit_price": 4.6356, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017139911651611328, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 2, "run": 1}} {"ts": 1793143112.7629828, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "925fecaa9fd3f44528a75246f9729c1076907f63796011cf2673ef05fd7d04d7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0597, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6589, \"target_holdings\": 3.7489}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 2.75, \"order_type\": \"limit\", \"limit_price\": 4.6356, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.75, "order_type": "limit", "limit_price": 4.6356, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016369819641113281, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 5, "run": 1}} {"ts": 1793143112.764768, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d5cde134861d68c9405100be5fd062e7d928fa732b39bab46b41ec3f1be19342", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0537, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.653, \"target_holdings\": 2.0532}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 1.05, \"order_type\": \"limit\", \"limit_price\": 4.6297, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.05, "order_type": "limit", "limit_price": 4.6297, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016121864318847656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 0, "run": 1}} {"ts": 1793143112.7665331, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d5cde134861d68c9405100be5fd062e7d928fa732b39bab46b41ec3f1be19342", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0537, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.653, \"target_holdings\": 2.0532}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 1.05, \"order_type\": \"limit\", \"limit_price\": 4.6297, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.05, "order_type": "limit", "limit_price": 4.6297, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015909671783447266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 6, "run": 1}} {"ts": 1793143112.768288, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c4c05d4dae8e099d360b6ca5005204bb79e48bb95ec757dbd27494f289a15470", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0553, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6545, \"target_holdings\": 2.501}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.5, \"order_type\": \"limit\", \"limit_price\": 4.6312, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.5, "order_type": "limit", "limit_price": 4.6312, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015940666198730469, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 4, "run": 1}} {"ts": 1793143112.770036, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c4c05d4dae8e099d360b6ca5005204bb79e48bb95ec757dbd27494f289a15470", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0553, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6545, \"target_holdings\": 2.501}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 1.5, \"order_type\": \"limit\", \"limit_price\": 4.6312, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.5, "order_type": "limit", "limit_price": 4.6312, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001584768295288086, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 7, "run": 1}} {"ts": 1793143112.771777, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d5cde134861d68c9405100be5fd062e7d928fa732b39bab46b41ec3f1be19342", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0537, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.653, \"target_holdings\": 2.0532}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 1.05, \"order_type\": \"limit\", \"limit_price\": 4.6297, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.05, "order_type": "limit", "limit_price": 4.6297, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015811920166015625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 3, "run": 1}} {"ts": 1793143112.778204, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c4c05d4dae8e099d360b6ca5005204bb79e48bb95ec757dbd27494f289a15470", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0553, \"cash\": 1.064, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7097, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6545, \"target_holdings\": 2.501}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 1.5, \"order_type\": \"limit\", \"limit_price\": 4.6312, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.5, "order_type": "limit", "limit_price": 4.6312, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.006259918212890625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 1, "run": 1}} {"ts": 1793143112.7812219, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d0ed5a4d981a10ea18f5d59cae202286db5764dc629330abe160a36c83995b8e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0495, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6488, \"target_holdings\": 0.8697}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 0.13, \"order_type\": \"limit\", \"limit_price\": 4.672, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.13, "order_type": "limit", "limit_price": 4.672, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023622512817382812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 2, "run": 1}} {"ts": 1793143112.783873, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bc56584849bffc7c33522eca51026a3eadca5cd9a3863386671d2f5d6cce0bb1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6552, \"target_holdings\": 2.698}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 1.7, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.7, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002290964126586914, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 7, "run": 1}} {"ts": 1793143112.7865012, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bc56584849bffc7c33522eca51026a3eadca5cd9a3863386671d2f5d6cce0bb1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6552, \"target_holdings\": 2.698}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.7, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.7, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023038387298583984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 4, "run": 1}} {"ts": 1793143112.789164, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d0ed5a4d981a10ea18f5d59cae202286db5764dc629330abe160a36c83995b8e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0495, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6488, \"target_holdings\": 0.8697}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 0.13, \"order_type\": \"limit\", \"limit_price\": 4.672, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.13, "order_type": "limit", "limit_price": 4.672, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002337217330932617, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 5, "run": 1}} {"ts": 1793143112.791084, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bc56584849bffc7c33522eca51026a3eadca5cd9a3863386671d2f5d6cce0bb1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.056, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6552, \"target_holdings\": 2.698}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 1.7, \"order_type\": \"limit\", \"limit_price\": 4.6319, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.7, "order_type": "limit", "limit_price": 4.6319, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001653909683227539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 1, "run": 1}} {"ts": 1793143112.7928488, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1f8890548dc655b2d2b02e890679cf95e71667b4ec77e4e93b98909c75071685", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0592, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6584, \"target_holdings\": 3.6043}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 2.6, \"order_type\": \"limit\", \"limit_price\": 4.6351, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.6, "order_type": "limit", "limit_price": 4.6351, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001583099365234375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 3, "run": 1}} {"ts": 1793143112.7945821, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1f8890548dc655b2d2b02e890679cf95e71667b4ec77e4e93b98909c75071685", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0592, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6584, \"target_holdings\": 3.6043}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 2.6, \"order_type\": \"limit\", \"limit_price\": 4.6351, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.6, "order_type": "limit", "limit_price": 4.6351, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015659332275390625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 6, "run": 1}} {"ts": 1793143112.796293, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1f8890548dc655b2d2b02e890679cf95e71667b4ec77e4e93b98909c75071685", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0599, \"rf\": 0.01, \"expected_dividend\": 0.0592, \"cash\": 1.1352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7809, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6584, \"target_holdings\": 3.6043}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 2.6, \"order_type\": \"limit\", \"limit_price\": 4.6351, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.6, "order_type": "limit", "limit_price": 4.6351, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015559196472167969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 0, "run": 1}} {"ts": 1793143112.798246, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "da6eb08eb55cc2ae36bba493751579653c69855795ce5a5932d5c115d242904b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0454, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6447, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6679, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6679, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016219615936279297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 3, "run": 1}} {"ts": 1793143112.803356, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "da6eb08eb55cc2ae36bba493751579653c69855795ce5a5932d5c115d242904b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0454, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6447, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6679, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6679, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004940032958984375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 0, "run": 1}} {"ts": 1793143112.806015, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e27729e5e9349d8801824833994280144a2a37360b4c80a8ce0d26dd03153b8b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0448, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002257108688354492, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 4, "run": 1}} {"ts": 1793143112.808563, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e27729e5e9349d8801824833994280144a2a37360b4c80a8ce0d26dd03153b8b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0448, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022220611572265625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 7, "run": 1}} {"ts": 1793143112.8110569, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "da6eb08eb55cc2ae36bba493751579653c69855795ce5a5932d5c115d242904b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0454, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6447, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6679, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6679, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002173900604248047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 6, "run": 1}} {"ts": 1793143112.8135989, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "160412daf81375661bc30a0fee35c7a7ff84b020d2880ccdd15630b1cbc96582", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0381, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6374, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6606, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6606, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002249002456665039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 2, "run": 1}} {"ts": 1793143112.816143, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e27729e5e9349d8801824833994280144a2a37360b4c80a8ce0d26dd03153b8b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0448, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6441, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6673, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6673, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022530555725097656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 1, "run": 1}} {"ts": 1793143112.818708, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "160412daf81375661bc30a0fee35c7a7ff84b020d2880ccdd15630b1cbc96582", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0583, \"rf\": 0.01, \"expected_dividend\": 0.0381, \"cash\": 1.2054, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8511, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6374, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6606, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6606, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022482872009277344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 5, "run": 1}} {"ts": 1793143112.821007, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "abdbc6440f8440a9ad38c08ee97b70190c8637d531c9cee4887ad946f721bfc2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.05, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6493, \"target_holdings\": 0.9977}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.0, \"order_type\": \"limit\", \"limit_price\": 4.6725, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.0, "order_type": "limit", "limit_price": 4.6725, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017540454864501953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 1, "run": 1}} {"ts": 1793143112.82283, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "abdbc6440f8440a9ad38c08ee97b70190c8637d531c9cee4887ad946f721bfc2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.05, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6493, \"target_holdings\": 0.9977}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.0, \"order_type\": \"limit\", \"limit_price\": 4.6725, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.0, "order_type": "limit", "limit_price": 4.6725, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016167163848876953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 7, "run": 1}} {"ts": 1793143112.82459, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "82bf451901a03180ab9c9fad5e53cdcf263c3098b530cd969f5ef042f9780173", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0559, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6551, \"target_holdings\": 2.6591}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 1.66, \"order_type\": \"limit\", \"limit_price\": 4.6318, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.66, "order_type": "limit", "limit_price": 4.6318, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015842914581298828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 3, "run": 1}} {"ts": 1793143112.826321, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "82bf451901a03180ab9c9fad5e53cdcf263c3098b530cd969f5ef042f9780173", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0559, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6551, \"target_holdings\": 2.6591}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 1.66, \"order_type\": \"limit\", \"limit_price\": 4.6318, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.66, "order_type": "limit", "limit_price": 4.6318, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015652179718017578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 0, "run": 1}} {"ts": 1793143112.828056, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "82bf451901a03180ab9c9fad5e53cdcf263c3098b530cd969f5ef042f9780173", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0559, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6551, \"target_holdings\": 2.6591}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 1.66, \"order_type\": \"limit\", \"limit_price\": 4.6318, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.66, "order_type": "limit", "limit_price": 4.6318, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015759468078613281, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 6, "run": 1}} {"ts": 1793143112.834815, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "31697a1219d056c3305f0cd288d77976a800dde804441ba87bdc1efdfdf6b1e1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5177}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.006601095199584961, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 2, "run": 1}} {"ts": 1793143112.837764, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "abdbc6440f8440a9ad38c08ee97b70190c8637d531c9cee4887ad946f721bfc2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.05, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6493, \"target_holdings\": 0.9977}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.0, \"order_type\": \"limit\", \"limit_price\": 4.6725, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.0, "order_type": "limit", "limit_price": 4.6725, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024411678314208984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 4, "run": 1}} {"ts": 1793143112.840502, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "31697a1219d056c3305f0cd288d77976a800dde804441ba87bdc1efdfdf6b1e1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0411, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.259, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9047, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5177}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 0.48, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.48, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023560523986816406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 5, "run": 1}} {"ts": 1793143112.844291, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6ea46e85a4c8ff88666e2a964a3c3fa30f087f9b00a99f85b6d888b5ae629085", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0552, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6544, \"target_holdings\": 2.4568}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 1.46, \"order_type\": \"limit\", \"limit_price\": 4.6311, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.46, "order_type": "limit", "limit_price": 4.6311, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0030930042266845703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 7, "run": 1}} {"ts": 1793143112.847252, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6ea46e85a4c8ff88666e2a964a3c3fa30f087f9b00a99f85b6d888b5ae629085", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0552, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6544, \"target_holdings\": 2.4568}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.46, \"order_type\": \"limit\", \"limit_price\": 4.6311, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.46, "order_type": "limit", "limit_price": 4.6311, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002543210983276367, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 4, "run": 1}} {"ts": 1793143112.850088, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fbed6e196b06d5036b390b64c33f3e7e85a437ca3fcece607bde46b75928c946", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0563, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6555, \"target_holdings\": 2.7664}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 1.77, \"order_type\": \"limit\", \"limit_price\": 4.6322, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.77, "order_type": "limit", "limit_price": 4.6322, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024831295013427734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 0, "run": 1}} {"ts": 1793143112.853046, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "088066921c333f423386dbc160c0c16cc84a991437b15b41813fec13422d3b5d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0567, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6559, \"target_holdings\": 2.8871}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 1.89, \"order_type\": \"limit\", \"limit_price\": 4.6326, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.89, "order_type": "limit", "limit_price": 4.6326, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002534151077270508, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 5, "run": 1}} {"ts": 1793143112.85618, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6ea46e85a4c8ff88666e2a964a3c3fa30f087f9b00a99f85b6d888b5ae629085", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0552, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6544, \"target_holdings\": 2.4568}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 1.46, \"order_type\": \"limit\", \"limit_price\": 4.6311, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.46, "order_type": "limit", "limit_price": 4.6311, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026960372924804688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 1, "run": 1}} {"ts": 1793143112.858667, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "088066921c333f423386dbc160c0c16cc84a991437b15b41813fec13422d3b5d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0567, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6559, \"target_holdings\": 2.8871}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 1.89, \"order_type\": \"limit\", \"limit_price\": 4.6326, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.89, "order_type": "limit", "limit_price": 4.6326, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020711421966552734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 2, "run": 1}} {"ts": 1793143112.860518, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fbed6e196b06d5036b390b64c33f3e7e85a437ca3fcece607bde46b75928c946", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0563, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6555, \"target_holdings\": 2.7664}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 1.77, \"order_type\": \"limit\", \"limit_price\": 4.6322, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.77, "order_type": "limit", "limit_price": 4.6322, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016181468963623047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 6, "run": 1}} {"ts": 1793143112.862303, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fbed6e196b06d5036b390b64c33f3e7e85a437ca3fcece607bde46b75928c946", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0546, \"rf\": 0.01, \"expected_dividend\": 0.0563, \"cash\": 1.3267, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9725, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6555, \"target_holdings\": 2.7664}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 1.77, \"order_type\": \"limit\", \"limit_price\": 4.6322, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.77, "order_type": "limit", "limit_price": 4.6322, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016009807586669922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 3, "run": 1}} {"ts": 1793143112.8644989, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecc21bd8cbba598e8ce7c2ce8390ec0bfea2413af4e6751385724acdd6ef545d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0467, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.646, \"target_holdings\": 0.0621}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 0.94, \"order_type\": \"limit\", \"limit_price\": 4.6692, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.94, "order_type": "limit", "limit_price": 4.6692, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018551349639892578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 2, "run": 1}} {"ts": 1793143112.867276, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c15a250ec14186b2206021467eab5cfd27cee5ec617421f78171be3522e83b2f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0427, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.642, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6652, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6652, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002373933792114258, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 0, "run": 1}} {"ts": 1793143112.869947, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "424b5e3e93421d53ca39f851cf72a6923d7c4e9e92c216160350d17123b8e0ac", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0563, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6555, \"target_holdings\": 2.7888}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 1.79, \"order_type\": \"limit\", \"limit_price\": 4.6322, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.79, "order_type": "limit", "limit_price": 4.6322, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002296924591064453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 1, "run": 1}} {"ts": 1793143112.872521, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecc21bd8cbba598e8ce7c2ce8390ec0bfea2413af4e6751385724acdd6ef545d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0467, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.646, \"target_holdings\": 0.0621}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 0.94, \"order_type\": \"limit\", \"limit_price\": 4.6692, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.94, "order_type": "limit", "limit_price": 4.6692, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002257108688354492, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 5, "run": 1}} {"ts": 1793143112.875056, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c15a250ec14186b2206021467eab5cfd27cee5ec617421f78171be3522e83b2f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0427, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.642, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6652, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6652, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022330284118652344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 6, "run": 1}} {"ts": 1793143112.8776178, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "424b5e3e93421d53ca39f851cf72a6923d7c4e9e92c216160350d17123b8e0ac", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0563, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6555, \"target_holdings\": 2.7888}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.79, \"order_type\": \"limit\", \"limit_price\": 4.6322, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.79, "order_type": "limit", "limit_price": 4.6322, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022389888763427734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 4, "run": 1}} {"ts": 1793143112.8801012, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c15a250ec14186b2206021467eab5cfd27cee5ec617421f78171be3522e83b2f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0427, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.642, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6652, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6652, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021800994873046875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 3, "run": 1}} {"ts": 1793143112.8825128, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "424b5e3e93421d53ca39f851cf72a6923d7c4e9e92c216160350d17123b8e0ac", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0568, \"rf\": 0.01, \"expected_dividend\": 0.0563, \"cash\": 1.3973, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0431, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6555, \"target_holdings\": 2.7888}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 1.79, \"order_type\": \"limit\", \"limit_price\": 4.6322, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.79, "order_type": "limit", "limit_price": 4.6322, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021491050720214844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 7, "run": 1}} {"ts": 1793143112.891875, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2c36775d697118b7e9e46c504ee5bf9def0ff111f71df8f562d038878af3a523", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0561, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6553, \"target_holdings\": 2.7308}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 1.73, \"order_type\": \"limit\", \"limit_price\": 4.632, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.73, "order_type": "limit", "limit_price": 4.632, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.008848905563354492, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 1, "run": 1}} {"ts": 1793143112.8949, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "df050209802fa15aa7d51490d156b476980326c2f679fc1b57e772760919ea6d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0522, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6515, \"target_holdings\": 1.6314}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.63, \"order_type\": \"limit\", \"limit_price\": 4.6282, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.63, "order_type": "limit", "limit_price": 4.6282, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023651123046875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 2, "run": 1}} {"ts": 1793143112.897424, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2c36775d697118b7e9e46c504ee5bf9def0ff111f71df8f562d038878af3a523", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0561, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6553, \"target_holdings\": 2.7308}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 1.73, \"order_type\": \"limit\", \"limit_price\": 4.632, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.73, "order_type": "limit", "limit_price": 4.632, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022020339965820312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 7, "run": 1}} {"ts": 1793143112.89992, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2c36775d697118b7e9e46c504ee5bf9def0ff111f71df8f562d038878af3a523", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0561, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6553, \"target_holdings\": 2.7308}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.73, \"order_type\": \"limit\", \"limit_price\": 4.632, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.73, "order_type": "limit", "limit_price": 4.632, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022058486938476562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 4, "run": 1}} {"ts": 1793143112.9024398, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8be19ea8ffb9891da3d07e99117d05fb20afda770e750492ec06274c35966488", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6468, \"target_holdings\": 0.2935}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.71, \"order_type\": \"limit\", \"limit_price\": 4.67, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.71, "order_type": "limit", "limit_price": 4.67, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022339820861816406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 3, "run": 1}} {"ts": 1793143112.904856, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8be19ea8ffb9891da3d07e99117d05fb20afda770e750492ec06274c35966488", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6468, \"target_holdings\": 0.2935}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 0.71, \"order_type\": \"limit\", \"limit_price\": 4.67, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.71, "order_type": "limit", "limit_price": 4.67, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021369457244873047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 6, "run": 1}} {"ts": 1793143112.907271, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8be19ea8ffb9891da3d07e99117d05fb20afda770e750492ec06274c35966488", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6468, \"target_holdings\": 0.2935}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 0.71, \"order_type\": \"limit\", \"limit_price\": 4.67, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.71, "order_type": "limit", "limit_price": 4.67, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00213623046875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 0, "run": 1}} {"ts": 1793143112.9097788, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "df050209802fa15aa7d51490d156b476980326c2f679fc1b57e772760919ea6d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.048, \"rf\": 0.01, \"expected_dividend\": 0.0522, \"cash\": 1.4598, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1055, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6515, \"target_holdings\": 1.6314}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.63, \"order_type\": \"limit\", \"limit_price\": 4.6282, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.63, "order_type": "limit", "limit_price": 4.6282, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002226114273071289, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 5, "run": 1}} {"ts": 1793143112.912547, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "52c70f72d821e2a241c1de759ba133c3bea531ccc14db38f408280036ae6c7e1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0566, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6558, \"target_holdings\": 2.8702}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 1.87, \"order_type\": \"limit\", \"limit_price\": 4.6325, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.87, "order_type": "limit", "limit_price": 4.6325, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002259969711303711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 6, "run": 1}} {"ts": 1793143112.9147189, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "52c70f72d821e2a241c1de759ba133c3bea531ccc14db38f408280036ae6c7e1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0566, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6558, \"target_holdings\": 2.8702}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 1.87, \"order_type\": \"limit\", \"limit_price\": 4.6325, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.87, "order_type": "limit", "limit_price": 4.6325, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018727779388427734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 3, "run": 1}} {"ts": 1793143112.918283, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f617a72228a0c8efba0be2bacc0bb8ec81ff64c6edcf2233f09f6e4dea261ced", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.054, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6532, \"target_holdings\": 2.1199}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 1.12, \"order_type\": \"limit\", \"limit_price\": 4.6299, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.12, "order_type": "limit", "limit_price": 4.6299, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025980472564697266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 7, "run": 1}} {"ts": 1793143112.921056, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a58be88f35ca4e1af74104d1381075ceabf7ad91953f57cfd39f2c78313cb52e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0551, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6543, \"target_holdings\": 2.4359}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 1.44, \"order_type\": \"limit\", \"limit_price\": 4.631, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.44, "order_type": "limit", "limit_price": 4.631, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023729801177978516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 5, "run": 1}} {"ts": 1793143112.923729, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f617a72228a0c8efba0be2bacc0bb8ec81ff64c6edcf2233f09f6e4dea261ced", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.054, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6532, \"target_holdings\": 2.1199}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.12, \"order_type\": \"limit\", \"limit_price\": 4.6299, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.12, "order_type": "limit", "limit_price": 4.6299, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023310184478759766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 4, "run": 1}} {"ts": 1793143112.926359, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f617a72228a0c8efba0be2bacc0bb8ec81ff64c6edcf2233f09f6e4dea261ced", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.054, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6532, \"target_holdings\": 2.1199}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 1.12, \"order_type\": \"limit\", \"limit_price\": 4.6299, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.12, "order_type": "limit", "limit_price": 4.6299, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002299785614013672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 1, "run": 1}} {"ts": 1793143112.928926, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a58be88f35ca4e1af74104d1381075ceabf7ad91953f57cfd39f2c78313cb52e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0551, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6543, \"target_holdings\": 2.4359}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 1.44, \"order_type\": \"limit\", \"limit_price\": 4.631, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.44, "order_type": "limit", "limit_price": 4.631, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002254962921142578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 2, "run": 1}} {"ts": 1793143112.93153, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "52c70f72d821e2a241c1de759ba133c3bea531ccc14db38f408280036ae6c7e1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.0548, \"rf\": 0.01, \"expected_dividend\": 0.0566, \"cash\": 1.5297, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1755, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6558, \"target_holdings\": 2.8702}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 1.87, \"order_type\": \"limit\", \"limit_price\": 4.6325, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.87, "order_type": "limit", "limit_price": 4.6325, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022971630096435547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 0, "run": 1}} {"ts": 1793143112.934365, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "77945f87d93f9544f575504fe2ca39391f873d2f08ab7320c5b9c5a5ad2da1a1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0524, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6516, \"target_holdings\": 1.6758}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 0.68, \"order_type\": \"limit\", \"limit_price\": 4.6283, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.68, "order_type": "limit", "limit_price": 4.6283, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002309083938598633, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 1, "run": 1}} {"ts": 1793143112.936946, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "97359d39cbea71d7bd8d54e789711db5d7a95f80a4cdd3280028d44df4622e9d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0581, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6573, \"target_holdings\": 3.2852}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 2.29, \"order_type\": \"limit\", \"limit_price\": 4.634, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.29, "order_type": "limit", "limit_price": 4.634, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022819042205810547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 2, "run": 1}} {"ts": 1793143112.939643, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "819aedc014a0d08a311432d45c92f4a5237b431ccf97d35aacd061ec2982e3b1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0564, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6556, \"target_holdings\": 2.7964}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 1.8, \"order_type\": \"limit\", \"limit_price\": 4.6323, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.8, "order_type": "limit", "limit_price": 4.6323, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023348331451416016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 3, "run": 1}} {"ts": 1793143112.942251, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "77945f87d93f9544f575504fe2ca39391f873d2f08ab7320c5b9c5a5ad2da1a1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0524, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6516, \"target_holdings\": 1.6758}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 0.68, \"order_type\": \"limit\", \"limit_price\": 4.6283, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.68, "order_type": "limit", "limit_price": 4.6283, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002279043197631836, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 7, "run": 1}} {"ts": 1793143112.944845, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "97359d39cbea71d7bd8d54e789711db5d7a95f80a4cdd3280028d44df4622e9d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0581, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6573, \"target_holdings\": 3.2852}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 2.29, \"order_type\": \"limit\", \"limit_price\": 4.634, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.29, "order_type": "limit", "limit_price": 4.634, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002276897430419922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 5, "run": 1}} {"ts": 1793143112.94737, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "819aedc014a0d08a311432d45c92f4a5237b431ccf97d35aacd061ec2982e3b1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0564, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6556, \"target_holdings\": 2.7964}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 1.8, \"order_type\": \"limit\", \"limit_price\": 4.6323, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.8, "order_type": "limit", "limit_price": 4.6323, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022230148315429688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 6, "run": 1}} {"ts": 1793143112.9493618, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "819aedc014a0d08a311432d45c92f4a5237b431ccf97d35aacd061ec2982e3b1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0564, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6556, \"target_holdings\": 2.7964}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 1.8, \"order_type\": \"limit\", \"limit_price\": 4.6323, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.8, "order_type": "limit", "limit_price": 4.6323, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017049312591552734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 0, "run": 1}} {"ts": 1793143112.951179, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "77945f87d93f9544f575504fe2ca39391f873d2f08ab7320c5b9c5a5ad2da1a1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0561, \"rf\": 0.01, \"expected_dividend\": 0.0524, \"cash\": 1.6016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2474, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6516, \"target_holdings\": 1.6758}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.68, \"order_type\": \"limit\", \"limit_price\": 4.6283, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.68, "order_type": "limit", "limit_price": 4.6283, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001584768295288086, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 4, "run": 1}} {"ts": 1793143112.955034, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0292ef05a12694c917bd70582a5447a95617cbd524d900bb696640b79409c694", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0497, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.649, \"target_holdings\": 0.9246}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.08, \"order_type\": \"limit\", \"limit_price\": 4.6722, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.08, "order_type": "limit", "limit_price": 4.6722, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0032088756561279297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 1, "run": 1}} {"ts": 1793143112.958608, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "20bc644941fa827a2982ea4cc1e6680ce6beed935d43d65183ca788b45b4f43b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0513, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6506, \"target_holdings\": 1.376}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.38, \"order_type\": \"limit\", \"limit_price\": 4.6273, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.38, "order_type": "limit", "limit_price": 4.6273, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0030651092529296875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 0, "run": 1}} {"ts": 1793143112.964571, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "20bc644941fa827a2982ea4cc1e6680ce6beed935d43d65183ca788b45b4f43b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0513, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6506, \"target_holdings\": 1.376}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.38, \"order_type\": \"limit\", \"limit_price\": 4.6273, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.38, "order_type": "limit", "limit_price": 4.6273, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0057010650634765625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 3, "run": 1}} {"ts": 1793143112.967199, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5349646f1e9ef2cece56d0ced9db4543547e257d2af2b84bec28ac442a8f34c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0535, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6527, \"target_holdings\": 1.9936}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.99, \"order_type\": \"limit\", \"limit_price\": 4.6294, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.99, "order_type": "limit", "limit_price": 4.6294, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002257108688354492, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 2, "run": 1}} {"ts": 1793143112.969824, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0292ef05a12694c917bd70582a5447a95617cbd524d900bb696640b79409c694", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0497, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.649, \"target_holdings\": 0.9246}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.08, \"order_type\": \"limit\", \"limit_price\": 4.6722, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.08, "order_type": "limit", "limit_price": 4.6722, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002270936965942383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 7, "run": 1}} {"ts": 1793143112.972478, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0292ef05a12694c917bd70582a5447a95617cbd524d900bb696640b79409c694", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0497, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.649, \"target_holdings\": 0.9246}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.08, \"order_type\": \"limit\", \"limit_price\": 4.6722, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.08, "order_type": "limit", "limit_price": 4.6722, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023343563079833984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 4, "run": 1}} {"ts": 1793143112.975065, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "20bc644941fa827a2982ea4cc1e6680ce6beed935d43d65183ca788b45b4f43b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0513, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6506, \"target_holdings\": 1.376}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.38, \"order_type\": \"limit\", \"limit_price\": 4.6273, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.38, "order_type": "limit", "limit_price": 4.6273, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022759437561035156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 6, "run": 1}} {"ts": 1793143112.977599, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5349646f1e9ef2cece56d0ced9db4543547e257d2af2b84bec28ac442a8f34c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6458, \"dividend\": 0.056, \"rf\": 0.01, \"expected_dividend\": 0.0535, \"cash\": 1.6742, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3199, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6527, \"target_holdings\": 1.9936}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.99, \"order_type\": \"limit\", \"limit_price\": 4.6294, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.99, "order_type": "limit", "limit_price": 4.6294, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002218008041381836, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 5, "run": 1}} {"ts": 1793143112.980172, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1a50fa74567515d941809b8f36d9ea76d880527381d826f5fe04f4af7d15a2ad", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0578, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.657, \"target_holdings\": 3.1985}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 2.2, \"order_type\": \"limit\", \"limit_price\": 4.6337, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.2, "order_type": "limit", "limit_price": 4.6337, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020418167114257812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 3, "run": 1}} {"ts": 1793143112.982122, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1a50fa74567515d941809b8f36d9ea76d880527381d826f5fe04f4af7d15a2ad", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0578, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.657, \"target_holdings\": 3.1985}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 2.2, \"order_type\": \"limit\", \"limit_price\": 4.6337, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.2, "order_type": "limit", "limit_price": 4.6337, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017237663269042969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 6, "run": 1}} {"ts": 1793143112.98502, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cb9f76f990bf8310092abe4ac0b1a86557be5bd751d4c0e41b3dff02f855762a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0551, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6543, \"target_holdings\": 2.4373}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 1.44, \"order_type\": \"limit\", \"limit_price\": 4.631, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.44, "order_type": "limit", "limit_price": 4.631, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0027031898498535156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 7, "run": 1}} {"ts": 1793143112.987665, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3298a708a0cc7530185f871d93b175d2f9c24f1a10c0a1989fd940f12a94dd0b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0526, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6518, \"target_holdings\": 1.7221}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 0.72, \"order_type\": \"limit\", \"limit_price\": 4.6285, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.72, "order_type": "limit", "limit_price": 4.6285, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022840499877929688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 2, "run": 1}} {"ts": 1793143112.990241, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cb9f76f990bf8310092abe4ac0b1a86557be5bd751d4c0e41b3dff02f855762a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0551, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6543, \"target_holdings\": 2.4373}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 1.44, \"order_type\": \"limit\", \"limit_price\": 4.631, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.44, "order_type": "limit", "limit_price": 4.631, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002259969711303711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 4, "run": 1}} {"ts": 1793143112.992796, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1a50fa74567515d941809b8f36d9ea76d880527381d826f5fe04f4af7d15a2ad", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0578, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.657, \"target_holdings\": 3.1985}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 2.2, \"order_type\": \"limit\", \"limit_price\": 4.6337, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.2, "order_type": "limit", "limit_price": 4.6337, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022521018981933594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 0, "run": 1}} {"ts": 1793143112.995219, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3298a708a0cc7530185f871d93b175d2f9c24f1a10c0a1989fd940f12a94dd0b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0526, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6518, \"target_holdings\": 1.7221}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 0.72, \"order_type\": \"limit\", \"limit_price\": 4.6285, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.72, "order_type": "limit", "limit_price": 4.6285, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002135038375854492, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 5, "run": 1}} {"ts": 1793143112.9977689, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cb9f76f990bf8310092abe4ac0b1a86557be5bd751d4c0e41b3dff02f855762a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6458, \"dividend\": 0.0533, \"rf\": 0.01, \"expected_dividend\": 0.0551, \"cash\": 1.7447, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3905, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6543, \"target_holdings\": 2.4373}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 1.44, \"order_type\": \"limit\", \"limit_price\": 4.631, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.44, "order_type": "limit", "limit_price": 4.631, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002274036407470703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 1, "run": 1}} {"ts": 1793143113.000329, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0199b4a9fa579ec8d1383721a31acb36323b7dd72c07605f15af2b6ecd4a8976", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0435, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6429, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6661, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6661, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002063274383544922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 5, "run": 1}} {"ts": 1793143113.002305, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1955c1d13dd35767fe91ff2b425c69be35e67b019337c66ece7185993816152b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0501, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6494, \"target_holdings\": 1.039}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6262, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6262, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017268657684326172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 3, "run": 1}} {"ts": 1793143113.004143, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1955c1d13dd35767fe91ff2b425c69be35e67b019337c66ece7185993816152b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0501, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6494, \"target_holdings\": 1.039}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6262, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6262, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016541481018066406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 0, "run": 1}} {"ts": 1793143113.0059478, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0199b4a9fa579ec8d1383721a31acb36323b7dd72c07605f15af2b6ecd4a8976", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0435, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6429, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6661, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6661, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016360282897949219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 2, "run": 1}} {"ts": 1793143113.0077388, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1de0f24b5f7c036bf2eaa007f78cd4ffb03a238a296cae46614f830aa5bfb50d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0406, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.64, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6632, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6632, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016222000122070312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 4, "run": 1}} {"ts": 1793143113.0103161, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1de0f24b5f7c036bf2eaa007f78cd4ffb03a238a296cae46614f830aa5bfb50d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0406, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.64, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6632, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6632, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024118423461914062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 7, "run": 1}} {"ts": 1793143113.014373, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1de0f24b5f7c036bf2eaa007f78cd4ffb03a238a296cae46614f830aa5bfb50d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0406, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.64, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6632, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6632, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0034596920013427734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 1, "run": 1}} {"ts": 1793143113.01858, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1955c1d13dd35767fe91ff2b425c69be35e67b019337c66ece7185993816152b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6458, \"dividend\": 0.0571, \"rf\": 0.01, \"expected_dividend\": 0.0501, \"cash\": 1.8199, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4656, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6494, \"target_holdings\": 1.039}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.04, \"order_type\": \"limit\", \"limit_price\": 4.6262, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.04, "order_type": "limit", "limit_price": 4.6262, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017518997192382812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 6, "run": 1}} {"ts": 1793143113.0206022, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "06bf168495196dc7528b9abf6fe022b794a0daf862bbc14e78511a619a325be2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0413, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6407, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6639, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6639, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016541481018066406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 4, "run": 1}} {"ts": 1793143113.022414, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2bba2bb1f5e3f5f824226743e22d2a7b0952b8e1d2ec091822a159304ad621c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0469, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6462, \"target_holdings\": 0.1384}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 0.86, \"order_type\": \"limit\", \"limit_price\": 4.6694, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.86, "order_type": "limit", "limit_price": 4.6694, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016279220581054688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 6, "run": 1}} {"ts": 1793143113.024817, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2bba2bb1f5e3f5f824226743e22d2a7b0952b8e1d2ec091822a159304ad621c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0469, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6462, \"target_holdings\": 0.1384}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 0.86, \"order_type\": \"limit\", \"limit_price\": 4.6694, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.86, "order_type": "limit", "limit_price": 4.6694, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002215862274169922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 0, "run": 1}} {"ts": 1793143113.0272589, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "95639a29a0cff65c7313bc8df5d776c20707ef82f8a8ffc862ffad58a66a668c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0469, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6462, \"target_holdings\": 0.1254}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 0.87, \"order_type\": \"limit\", \"limit_price\": 4.6694, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.87, "order_type": "limit", "limit_price": 4.6694, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002131938934326172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 2, "run": 1}} {"ts": 1793143113.0297, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "95639a29a0cff65c7313bc8df5d776c20707ef82f8a8ffc862ffad58a66a668c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0469, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6462, \"target_holdings\": 0.1254}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 0.87, \"order_type\": \"limit\", \"limit_price\": 4.6694, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.87, "order_type": "limit", "limit_price": 4.6694, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021572113037109375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 5, "run": 1}} {"ts": 1793143113.0322108, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2bba2bb1f5e3f5f824226743e22d2a7b0952b8e1d2ec091822a159304ad621c1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0469, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6462, \"target_holdings\": 0.1384}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.86, \"order_type\": \"limit\", \"limit_price\": 4.6694, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.86, "order_type": "limit", "limit_price": 4.6694, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022339820861816406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 3, "run": 1}} {"ts": 1793143113.034708, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "06bf168495196dc7528b9abf6fe022b794a0daf862bbc14e78511a619a325be2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0413, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6407, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6639, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6639, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002209901809692383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 1, "run": 1}} {"ts": 1793143113.0372548, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "06bf168495196dc7528b9abf6fe022b794a0daf862bbc14e78511a619a325be2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6458, \"dividend\": 0.0462, \"rf\": 0.01, \"expected_dividend\": 0.0413, \"cash\": 1.8847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5305, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6407, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6639, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6639, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022640228271484375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 7, "run": 1}} {"ts": 1793143113.0401359, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "538e4b6aa27a762f4b8b7aacbc4d94faca5c84c8284488bbfcfc63a6ef142cbd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002371072769165039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 6, "run": 1}} {"ts": 1793143113.042629, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "538e4b6aa27a762f4b8b7aacbc4d94faca5c84c8284488bbfcfc63a6ef142cbd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021839141845703125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 0, "run": 1}} {"ts": 1793143113.050247, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4191625ac53caa8819834362e980ce09a367889c3da508215cefd4a086b27f6b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.427}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.57, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.57, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.007324934005737305, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 4, "run": 1}} {"ts": 1793143113.052504, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7ccc2f2e177522880f5478dbb1ecc317e64917338980fea7fe83892b281357eb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0407, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6401, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001753091812133789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 5, "run": 1}} {"ts": 1793143113.0542989, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "538e4b6aa27a762f4b8b7aacbc4d94faca5c84c8284488bbfcfc63a6ef142cbd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015952587127685547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 3, "run": 1}} {"ts": 1793143113.056065, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4191625ac53caa8819834362e980ce09a367889c3da508215cefd4a086b27f6b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.427}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.57, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.57, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015811920166015625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 7, "run": 1}} {"ts": 1793143113.0578198, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4191625ac53caa8819834362e980ce09a367889c3da508215cefd4a086b27f6b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6472, \"target_holdings\": 0.427}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.57, \"order_type\": \"limit\", \"limit_price\": 4.6704, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.57, "order_type": "limit", "limit_price": 4.6704, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015811920166015625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 1, "run": 1}} {"ts": 1793143113.0621781, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7ccc2f2e177522880f5478dbb1ecc317e64917338980fea7fe83892b281357eb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0407, \"cash\": 1.9505, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5962, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6401, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004180908203125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 2, "run": 1}} {"ts": 1793143113.064964, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b51ace84773f34c192a8ec80f51324034c024651fa2d05bdc8bd149c5e797b45", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0417, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.641, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6642, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6642, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002260923385620117, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 5, "run": 1}} {"ts": 1793143113.067472, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5a7e8c695d8e95d2fcd387266d79955e54c7b33d4a843e94e23188b01a0896b7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.049, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6483, \"target_holdings\": 0.7156}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.28, \"order_type\": \"limit\", \"limit_price\": 4.6715, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.28, "order_type": "limit", "limit_price": 4.6715, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022039413452148438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 3, "run": 1}} {"ts": 1793143113.070047, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7a2ee6ca77d626ff06f1bd69e83d55bd8c74e7da4807806f03dd2ff974a7d753", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0528, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6521, \"target_holdings\": 1.7986}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 0.8, \"order_type\": \"limit\", \"limit_price\": 4.6288, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.8, "order_type": "limit", "limit_price": 4.6288, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022661685943603516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 7, "run": 1}} {"ts": 1793143113.07264, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7a2ee6ca77d626ff06f1bd69e83d55bd8c74e7da4807806f03dd2ff974a7d753", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0528, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6521, \"target_holdings\": 1.7986}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 0.8, \"order_type\": \"limit\", \"limit_price\": 4.6288, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.8, "order_type": "limit", "limit_price": 4.6288, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002290964126586914, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 4, "run": 1}} {"ts": 1793143113.07517, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7a2ee6ca77d626ff06f1bd69e83d55bd8c74e7da4807806f03dd2ff974a7d753", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0528, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6521, \"target_holdings\": 1.7986}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 0.8, \"order_type\": \"limit\", \"limit_price\": 4.6288, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.8, "order_type": "limit", "limit_price": 4.6288, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002237081527709961, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 1, "run": 1}} {"ts": 1793143113.077661, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5a7e8c695d8e95d2fcd387266d79955e54c7b33d4a843e94e23188b01a0896b7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.049, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6483, \"target_holdings\": 0.7156}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 0.28, \"order_type\": \"limit\", \"limit_price\": 4.6715, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.28, "order_type": "limit", "limit_price": 4.6715, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022020339965820312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 6, "run": 1}} {"ts": 1793143113.080207, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5a7e8c695d8e95d2fcd387266d79955e54c7b33d4a843e94e23188b01a0896b7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.049, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6483, \"target_holdings\": 0.7156}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 0.28, \"order_type\": \"limit\", \"limit_price\": 4.6715, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.28, "order_type": "limit", "limit_price": 4.6715, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022552013397216797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 0, "run": 1}} {"ts": 1793143113.082734, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b51ace84773f34c192a8ec80f51324034c024651fa2d05bdc8bd149c5e797b45", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6458, \"dividend\": 0.0434, \"rf\": 0.01, \"expected_dividend\": 0.0417, \"cash\": 2.0138, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6596, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.641, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6642, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6642, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002232074737548828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 2, "run": 1}} {"ts": 1793143113.0855098, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "330b7e37d06b471e9decc7ff0f7edf1f1dfc56d0b8f9cb0fc42a4f2ea7f95c07", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0489, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6481, \"target_holdings\": 0.681}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.32, \"order_type\": \"limit\", \"limit_price\": 4.6713, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.32, "order_type": "limit", "limit_price": 4.6713, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022678375244140625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 4, "run": 1}} {"ts": 1793143113.088033, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fcf368cdf7a464833c99cdb09d7cb2838338b7ddbcbbac7d49e19a439c8ea826", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0487, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.648, \"target_holdings\": 0.6458}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 0.35, \"order_type\": \"limit\", \"limit_price\": 4.6712, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.35, "order_type": "limit", "limit_price": 4.6712, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022170543670654297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 5, "run": 1}} {"ts": 1793143113.090354, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f63da03acbbe5a4fbc81cc67f1f4c757f190af08319bb61f3c457243d38281cf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0641, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6632, \"target_holdings\": 4.9703}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 3.97, \"order_type\": \"limit\", \"limit_price\": 4.6399, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.97, "order_type": "limit", "limit_price": 4.6399, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020322799682617188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 0, "run": 1}} {"ts": 1793143113.092213, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f63da03acbbe5a4fbc81cc67f1f4c757f190af08319bb61f3c457243d38281cf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0641, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6632, \"target_holdings\": 4.9703}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 3.97, \"order_type\": \"limit\", \"limit_price\": 4.6399, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.97, "order_type": "limit", "limit_price": 4.6399, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001628875732421875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 6, "run": 1}} {"ts": 1793143113.093971, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fcf368cdf7a464833c99cdb09d7cb2838338b7ddbcbbac7d49e19a439c8ea826", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0487, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.648, \"target_holdings\": 0.6458}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 0.35, \"order_type\": \"limit\", \"limit_price\": 4.6712, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.35, "order_type": "limit", "limit_price": 4.6712, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001567840576171875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 2, "run": 1}} {"ts": 1793143113.0956979, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "330b7e37d06b471e9decc7ff0f7edf1f1dfc56d0b8f9cb0fc42a4f2ea7f95c07", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0489, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6481, \"target_holdings\": 0.681}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.32, \"order_type\": \"limit\", \"limit_price\": 4.6713, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.32, "order_type": "limit", "limit_price": 4.6713, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015552043914794922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 7, "run": 1}} {"ts": 1793143113.0974112, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f63da03acbbe5a4fbc81cc67f1f4c757f190af08319bb61f3c457243d38281cf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0641, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6632, \"target_holdings\": 4.9703}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 3.97, \"order_type\": \"limit\", \"limit_price\": 4.6399, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.97, "order_type": "limit", "limit_price": 4.6399, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001547098159790039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 3, "run": 1}} {"ts": 1793143113.1012962, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "330b7e37d06b471e9decc7ff0f7edf1f1dfc56d0b8f9cb0fc42a4f2ea7f95c07", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6458, \"dividend\": 0.0527, \"rf\": 0.01, \"expected_dividend\": 0.0489, \"cash\": 2.0872, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7329, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6481, \"target_holdings\": 0.681}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.32, \"order_type\": \"limit\", \"limit_price\": 4.6713, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.32, "order_type": "limit", "limit_price": 4.6713, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003718852996826172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 1, "run": 1}} {"ts": 1793143113.1041338, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3c976552a8aaf053f687df16e1c8e9e0c3baf6d9dd90844213897c7cd64d3b1f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5581}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 0.56, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.56, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002274036407470703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 3, "run": 1}} {"ts": 1793143113.106594, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "18460699b534b4242e0be3a43f6e54b13a7e67d269193b413b605cc65e89d915", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0414, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6408, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002147674560546875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 5, "run": 1}} {"ts": 1793143113.1090071, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3c976552a8aaf053f687df16e1c8e9e0c3baf6d9dd90844213897c7cd64d3b1f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5581}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 0.56, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.56, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021331310272216797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 6, "run": 1}} {"ts": 1793143113.1116009, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3c976552a8aaf053f687df16e1c8e9e0c3baf6d9dd90844213897c7cd64d3b1f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6512, \"target_holdings\": 1.5581}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 0.56, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.56, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002296924591064453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 0, "run": 1}} {"ts": 1793143113.1142242, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "18460699b534b4242e0be3a43f6e54b13a7e67d269193b413b605cc65e89d915", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0414, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6408, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002313852310180664, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 2, "run": 1}} {"ts": 1793143113.116682, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "10d717ab61ef0d54111c0ae43eaf1bc5269ebaa36fa69c269962f60bcec1a57d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0484, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5407}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.46, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.46, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002164125442504883, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 4, "run": 1}} {"ts": 1793143113.118523, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "10d717ab61ef0d54111c0ae43eaf1bc5269ebaa36fa69c269962f60bcec1a57d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0484, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5407}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.46, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.46, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015821456909179688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 7, "run": 1}} {"ts": 1793143113.1202402, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "10d717ab61ef0d54111c0ae43eaf1bc5269ebaa36fa69c269962f60bcec1a57d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6458, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0484, \"cash\": 2.1603, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8061, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5407}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.46, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.46, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015239715576171875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 1, "run": 1}} {"ts": 1793143113.12213, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "18a97647a6241a627eba6a5af73945203ea82f50c321fdf5639b5e7c0e6aaf4f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015599727630615234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 4, "run": 1}} {"ts": 1793143113.123766, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e90f5e859aceb8151c7511aab40784cd0355cd97f471b66c2085dd6f6e279ad2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0409, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6403, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6635, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6635, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001477956771850586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 5, "run": 1}} {"ts": 1793143113.125411, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "18a97647a6241a627eba6a5af73945203ea82f50c321fdf5639b5e7c0e6aaf4f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015020370483398438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 7, "run": 1}} {"ts": 1793143113.1301172, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "302ad3a7ee1ed4eedc2a81fa046afe836d49453c54f73b4118dcd9fd285a5386", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004557132720947266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 0, "run": 1}} {"ts": 1793143113.1327438, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "302ad3a7ee1ed4eedc2a81fa046afe836d49453c54f73b4118dcd9fd285a5386", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002270936965942383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 6, "run": 1}} {"ts": 1793143113.135346, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e90f5e859aceb8151c7511aab40784cd0355cd97f471b66c2085dd6f6e279ad2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0409, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6403, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6635, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6635, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002290964126586914, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 2, "run": 1}} {"ts": 1793143113.13788, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "302ad3a7ee1ed4eedc2a81fa046afe836d49453c54f73b4118dcd9fd285a5386", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022208690643310547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 3, "run": 1}} {"ts": 1793143113.140379, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "18a97647a6241a627eba6a5af73945203ea82f50c321fdf5639b5e7c0e6aaf4f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6458, \"dividend\": 0.0479, \"rf\": 0.01, \"expected_dividend\": 0.0461, \"cash\": 2.2303, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8761, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6454, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6686, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6686, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002214193344116211, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 1, "run": 1}} {"ts": 1793143113.14323, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d6ae129ceaf2d5429d3cf31b76cc212a1d552c47142792d941aa441c704091d4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6392, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6624, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6624, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023353099822998047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 2, "run": 1}} {"ts": 1793143113.1458611, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "02b16778f71dc3e216a41d6b931d0ccc3d258ee0d29ddba83b9c155ab5bbdaa4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0424, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6417, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6649, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6649, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002319812774658203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 3, "run": 1}} {"ts": 1793143113.148404, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d6ae129ceaf2d5429d3cf31b76cc212a1d552c47142792d941aa441c704091d4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0399, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6392, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6624, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6624, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022399425506591797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 5, "run": 1}} {"ts": 1793143113.150972, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "02b16778f71dc3e216a41d6b931d0ccc3d258ee0d29ddba83b9c155ab5bbdaa4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0424, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6417, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6649, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6649, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022690296173095703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 6, "run": 1}} {"ts": 1793143113.153713, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6e535af8e412c467994a2d847d189a41c714bc236c80aaf1b73ffe3b349a95d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0455, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6448, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.668, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.668, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002434253692626953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 7, "run": 1}} {"ts": 1793143113.1555169, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6e535af8e412c467994a2d847d189a41c714bc236c80aaf1b73ffe3b349a95d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0455, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6448, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.668, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.668, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015718936920166016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 4, "run": 1}} {"ts": 1793143113.157256, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "02b16778f71dc3e216a41d6b931d0ccc3d258ee0d29ddba83b9c155ab5bbdaa4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0424, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6417, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6649, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6649, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015420913696289062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 0, "run": 1}} {"ts": 1793143113.158933, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6e535af8e412c467994a2d847d189a41c714bc236c80aaf1b73ffe3b349a95d2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6458, \"dividend\": 0.0412, \"rf\": 0.01, \"expected_dividend\": 0.0455, \"cash\": 2.2942, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.94, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6448, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.668, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.668, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015099048614501953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 1, "run": 1}} {"ts": 1793143113.160827, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e0d759c55c81973c43a660df23a379daa073478896ce02c8ece5270bbc1b88ce", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0474, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6466, \"target_holdings\": 0.2562}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 0.74, \"order_type\": \"limit\", \"limit_price\": 4.6698, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.74, "order_type": "limit", "limit_price": 4.6698, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001566171646118164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 1, "run": 1}} {"ts": 1793143113.16543, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "63ec5b7ed2c6c968524f98185fa14e1bb244d2e572cfc044decd6477cbbee2b4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0439, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6432, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004415988922119141, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 2, "run": 1}} {"ts": 1793143113.1687639, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e0d759c55c81973c43a660df23a379daa073478896ce02c8ece5270bbc1b88ce", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0474, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6466, \"target_holdings\": 0.2562}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 0.74, \"order_type\": \"limit\", \"limit_price\": 4.6698, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.74, "order_type": "limit", "limit_price": 4.6698, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002819061279296875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 4, "run": 1}} {"ts": 1793143113.170666, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e0d759c55c81973c43a660df23a379daa073478896ce02c8ece5270bbc1b88ce", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0474, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6466, \"target_holdings\": 0.2562}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 0.74, \"order_type\": \"limit\", \"limit_price\": 4.6698, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.74, "order_type": "limit", "limit_price": 4.6698, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016410350799560547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 7, "run": 1}} {"ts": 1793143113.172554, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a7f976b2f4195f18af958ddaa5696f9775c0f81f5a32006f39706e9351940c36", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5262}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 0.47, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.47, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017058849334716797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 6, "run": 1}} {"ts": 1793143113.174839, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "63ec5b7ed2c6c968524f98185fa14e1bb244d2e572cfc044decd6477cbbee2b4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0439, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6432, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020699501037597656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 5, "run": 1}} {"ts": 1793143113.180108, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a7f976b2f4195f18af958ddaa5696f9775c0f81f5a32006f39706e9351940c36", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5262}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 0.47, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.47, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024929046630859375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 0, "run": 1}} {"ts": 1793143113.181831, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a7f976b2f4195f18af958ddaa5696f9775c0f81f5a32006f39706e9351940c36", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6458, \"dividend\": 0.043, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 2.3606, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5262}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 0.47, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.47, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015032291412353516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 3, "run": 1}} {"ts": 1793143113.1836631, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7ba3bb52ea7803d9712c4a0d2bd32aecb1ddf03e1bf3cf5d4234f29f9d6dbecc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015170574188232422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 1, "run": 1}} {"ts": 1793143113.1853042, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "63826dc5dc02e3be6cfaf06a738ae45e5a6cda74a1453812cc437099d7e90258", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0405, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6399, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6631, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6631, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014870166778564453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 3, "run": 1}} {"ts": 1793143113.186961, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b1b8c2fc250d4240ddf648b079beddbe45834d72e2c2a380a3fb33d1a03207d9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0426, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6419, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6651, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6651, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001499176025390625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 2, "run": 1}} {"ts": 1793143113.191464, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "63826dc5dc02e3be6cfaf06a738ae45e5a6cda74a1453812cc437099d7e90258", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0405, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6399, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6631, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6631, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004343986511230469, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 6, "run": 1}} {"ts": 1793143113.194685, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7ba3bb52ea7803d9712c4a0d2bd32aecb1ddf03e1bf3cf5d4234f29f9d6dbecc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0027472972869873047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 4, "run": 1}} {"ts": 1793143113.197406, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b1b8c2fc250d4240ddf648b079beddbe45834d72e2c2a380a3fb33d1a03207d9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0426, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6419, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6651, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6651, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023491382598876953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 5, "run": 1}} {"ts": 1793143113.202976, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "63826dc5dc02e3be6cfaf06a738ae45e5a6cda74a1453812cc437099d7e90258", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0405, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6399, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6631, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6631, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005162954330444336, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 0, "run": 1}} {"ts": 1793143113.2056, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7ba3bb52ea7803d9712c4a0d2bd32aecb1ddf03e1bf3cf5d4234f29f9d6dbecc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6458, \"dividend\": 0.0466, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 2.4313, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.077, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022759437561035156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 7, "run": 1}} {"ts": 1793143113.207565, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "485a63a3a23c1908269dbc4432e245031627ae0cb5edfea8b8b23668d7f4be35", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0612, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6604, \"target_holdings\": 4.1754}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 3.18, \"order_type\": \"limit\", \"limit_price\": 4.6371, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.18, "order_type": "limit", "limit_price": 4.6371, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001580953598022461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 2, "run": 1}} {"ts": 1793143113.2093172, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a28a64c75a35268cf5cf8a2e241f093323dc5cc984506e6f9b6ee5c508a87c2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0621, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6613, \"target_holdings\": 4.4231}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 3.42, \"order_type\": \"limit\", \"limit_price\": 4.638, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.42, "order_type": "limit", "limit_price": 4.638, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001580953598022461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 0, "run": 1}} {"ts": 1793143113.211552, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a28a64c75a35268cf5cf8a2e241f093323dc5cc984506e6f9b6ee5c508a87c2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0621, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6613, \"target_holdings\": 4.4231}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 3.42, \"order_type\": \"limit\", \"limit_price\": 4.638, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.42, "order_type": "limit", "limit_price": 4.638, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002042055130004883, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 6, "run": 1}} {"ts": 1793143113.218505, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a28a64c75a35268cf5cf8a2e241f093323dc5cc984506e6f9b6ee5c508a87c2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0621, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6613, \"target_holdings\": 4.4231}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 3.42, \"order_type\": \"limit\", \"limit_price\": 4.638, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.42, "order_type": "limit", "limit_price": 4.638, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00678706169128418, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 3, "run": 1}} {"ts": 1793143113.2211251, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "485a63a3a23c1908269dbc4432e245031627ae0cb5edfea8b8b23668d7f4be35", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0612, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6604, \"target_holdings\": 4.1754}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 3.18, \"order_type\": \"limit\", \"limit_price\": 4.6371, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.18, "order_type": "limit", "limit_price": 4.6371, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002249002456665039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 5, "run": 1}} {"ts": 1793143113.223967, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "faa6028ab6cf5df046aee9c0fdbdec882f374372fa0c0d8cf9f8b0b9635a169b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0587, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6579, \"target_holdings\": 3.455}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 2.46, \"order_type\": \"limit\", \"limit_price\": 4.6346, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.46, "order_type": "limit", "limit_price": 4.6346, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025489330291748047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 4, "run": 1}} {"ts": 1793143113.225711, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "faa6028ab6cf5df046aee9c0fdbdec882f374372fa0c0d8cf9f8b0b9635a169b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0587, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6579, \"target_holdings\": 3.455}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 2.46, \"order_type\": \"limit\", \"limit_price\": 4.6346, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.46, "order_type": "limit", "limit_price": 4.6346, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001528024673461914, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 1, "run": 1}} {"ts": 1793143113.2273831, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "faa6028ab6cf5df046aee9c0fdbdec882f374372fa0c0d8cf9f8b0b9635a169b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6458, \"dividend\": 0.0455, \"rf\": 0.01, \"expected_dividend\": 0.0587, \"cash\": 2.5016, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1473, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6579, \"target_holdings\": 3.455}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 2.46, \"order_type\": \"limit\", \"limit_price\": 4.6346, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.46, "order_type": "limit", "limit_price": 4.6346, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015010833740234375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 7, "run": 1}} {"ts": 1793143113.234761, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c8cce32f485657cda6fd7328d58090938e0dd224a2125a9fb1a47fb10e90dc09", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0645, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6636, \"target_holdings\": 5.0818}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"buy\", \"quantity\": 4.08, \"order_type\": \"limit\", \"limit_price\": 4.6403, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.08, "order_type": "limit", "limit_price": 4.6403, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.007056236267089844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 7, "run": 1}} {"ts": 1793143113.2365818, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "70e4fa76f52a444d816de8cb398b7a263979151066d363a23e157bf94a5c4860", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0603, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6594, \"target_holdings\": 3.9008}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"buy\", \"quantity\": 2.9, \"order_type\": \"limit\", \"limit_price\": 4.6361, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.9, "order_type": "limit", "limit_price": 4.6361, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015721321105957031, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 2, "run": 1}} {"ts": 1793143113.238307, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "53bd7ecc777b18b0f260e60eb35b0f5ce267cf2875adde0c3419e23cd9e6805f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0639, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6631, \"target_holdings\": 4.937}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"buy\", \"quantity\": 3.94, \"order_type\": \"limit\", \"limit_price\": 4.6398, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.94, "order_type": "limit", "limit_price": 4.6398, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015499591827392578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 0, "run": 1}} {"ts": 1793143113.2400289, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c8cce32f485657cda6fd7328d58090938e0dd224a2125a9fb1a47fb10e90dc09", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0645, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6636, \"target_holdings\": 5.0818}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"buy\", \"quantity\": 4.08, \"order_type\": \"limit\", \"limit_price\": 4.6403, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.08, "order_type": "limit", "limit_price": 4.6403, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015540122985839844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 1, "run": 1}} {"ts": 1793143113.241741, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "53bd7ecc777b18b0f260e60eb35b0f5ce267cf2875adde0c3419e23cd9e6805f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0639, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6631, \"target_holdings\": 4.937}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"buy\", \"quantity\": 3.94, \"order_type\": \"limit\", \"limit_price\": 4.6398, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.94, "order_type": "limit", "limit_price": 4.6398, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001544952392578125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 6, "run": 1}} {"ts": 1793143113.2459671, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "70e4fa76f52a444d816de8cb398b7a263979151066d363a23e157bf94a5c4860", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0603, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6594, \"target_holdings\": 3.9008}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"buy\", \"quantity\": 2.9, \"order_type\": \"limit\", \"limit_price\": 4.6361, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.9, "order_type": "limit", "limit_price": 4.6361, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004059791564941406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 5, "run": 1}} {"ts": 1793143113.24863, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "53bd7ecc777b18b0f260e60eb35b0f5ce267cf2875adde0c3419e23cd9e6805f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0639, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6631, \"target_holdings\": 4.937}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"buy\", \"quantity\": 3.94, \"order_type\": \"limit\", \"limit_price\": 4.6398, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.94, "order_type": "limit", "limit_price": 4.6398, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022859573364257812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 3, "run": 1}} {"ts": 1793143113.251195, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c8cce32f485657cda6fd7328d58090938e0dd224a2125a9fb1a47fb10e90dc09", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6458, \"dividend\": 0.0607, \"rf\": 0.01, \"expected_dividend\": 0.0645, \"cash\": 2.5879, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2336, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6636, \"target_holdings\": 5.0818}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"buy\", \"quantity\": 4.08, \"order_type\": \"limit\", \"limit_price\": 4.6403, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.08, "order_type": "limit", "limit_price": 4.6403, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002254009246826172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 4, "run": 1}} {"ts": 1793143113.254091, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3bcee2376cea49d7f412d13c96196bb37827efef098591bee2aeaae1fa37167f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0432, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6425, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6657, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6657, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002357959747314453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 4, "run": 1}} {"ts": 1793143113.256692, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3bcee2376cea49d7f412d13c96196bb37827efef098591bee2aeaae1fa37167f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0432, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6425, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6657, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6657, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022809505462646484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 7, "run": 1}} {"ts": 1793143113.259287, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b6ae22e610773277b2d10f25bd8135760085504439b1123f69ac8656bf1ab694", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0387, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6381, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6613, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6613, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022830963134765625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 6, "run": 1}} {"ts": 1793143113.261846, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b6ae22e610773277b2d10f25bd8135760085504439b1123f69ac8656bf1ab694", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0387, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6381, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6613, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6613, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002262115478515625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 0, "run": 1}} {"ts": 1793143113.264468, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7de54f0c7ed5462c2996049647b9ba871321041c532ab02421676879cf376b0e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0348, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6342, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6574, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6574, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002323150634765625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 5, "run": 1}} {"ts": 1793143113.26646, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7de54f0c7ed5462c2996049647b9ba871321041c532ab02421676879cf376b0e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0348, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6342, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6574, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6574, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016491413116455078, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 2, "run": 1}} {"ts": 1793143113.268167, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b6ae22e610773277b2d10f25bd8135760085504439b1123f69ac8656bf1ab694", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0387, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6381, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6613, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6613, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015091896057128906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 3, "run": 1}} {"ts": 1793143113.269803, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3bcee2376cea49d7f412d13c96196bb37827efef098591bee2aeaae1fa37167f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6458, \"dividend\": 0.0654, \"rf\": 0.01, \"expected_dividend\": 0.0432, \"cash\": 2.6798, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.3256, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6425, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 1001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6657, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6657, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014710426330566406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 1, "run": 1}} {"ts": 1793143113.273442, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "032a2a79f8f2b1e54740dc020dd0112c9af5a452435e7c7ffe76f15c1000f9e3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0513, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6505, \"target_holdings\": 1.356}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 0.36, \"order_type\": \"limit\", \"limit_price\": 4.6272, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.36, "order_type": "limit", "limit_price": 4.6272, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015821456909179688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 0, "run": 2}} {"ts": 1793143113.274383, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "99365630a93c89ef9b9a3def33603dfbde8866b274fd8afe51277dd6fa205265", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6437, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": true, "latency": 0.0007660388946533203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 1, "run": 2}} {"ts": 1793143113.2800052, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d5fc3cf08ce76a7cd15b5a11495fd9c39c6867fcb9f981db2c4b289d911c94c4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0449, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6442, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6674, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6674, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005445957183837891, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 5, "run": 2}} {"ts": 1793143113.2825541, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "032a2a79f8f2b1e54740dc020dd0112c9af5a452435e7c7ffe76f15c1000f9e3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0513, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6505, \"target_holdings\": 1.356}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 0.36, \"order_type\": \"limit\", \"limit_price\": 4.6272, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.36, "order_type": "limit", "limit_price": 4.6272, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002216815948486328, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 6, "run": 2}} {"ts": 1793143113.283941, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "99365630a93c89ef9b9a3def33603dfbde8866b274fd8afe51277dd6fa205265", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6437, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": true, "latency": 0.0010919570922851562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 4, "run": 2}} {"ts": 1793143113.286425, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d5fc3cf08ce76a7cd15b5a11495fd9c39c6867fcb9f981db2c4b289d911c94c4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0449, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6442, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6674, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6674, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002209901809692383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 2, "run": 2}} {"ts": 1793143113.287797, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "99365630a93c89ef9b9a3def33603dfbde8866b274fd8afe51277dd6fa205265", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6437, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6669, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6669, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": true, "latency": 0.0010859966278076172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 7, "run": 2}} {"ts": 1793143113.2900631, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "032a2a79f8f2b1e54740dc020dd0112c9af5a452435e7c7ffe76f15c1000f9e3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0519, \"rf\": 0.01, \"expected_dividend\": 0.0513, \"cash\": 1.0624, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7082, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6505, \"target_holdings\": 1.356}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 0.36, \"order_type\": \"limit\", \"limit_price\": 4.6272, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.36, "order_type": "limit", "limit_price": 4.6272, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019910335540771484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 3, "run": 2}} {"ts": 1793143113.292078, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9b6d89023f32d1699c81bd9100d21a8979ec70a9b2a98a00f5d250968c7ba6f7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0484, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5397}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.46, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.46, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016140937805175781, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 5, "run": 2}} {"ts": 1793143113.294204, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f203f0d8607919bf826785acbf48aee33707a8b266c6d727edd1ca61c096cbda", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0531, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6523, \"target_holdings\": 1.8656}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 0.87, \"order_type\": \"limit\", \"limit_price\": 4.629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.87, "order_type": "limit", "limit_price": 4.629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019161701202392578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 7, "run": 2}} {"ts": 1793143113.296886, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d370100a3f6dc6f27485d0acac76afb777498ecf2b4ae666450dff716c652da5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0559, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6551, \"target_holdings\": 2.6759}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 1.68, \"order_type\": \"limit\", \"limit_price\": 4.6318, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.68, "order_type": "limit", "limit_price": 4.6318, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002290964126586914, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 6, "run": 2}} {"ts": 1793143113.303825, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d370100a3f6dc6f27485d0acac76afb777498ecf2b4ae666450dff716c652da5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0559, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6551, \"target_holdings\": 2.6759}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 1.68, \"order_type\": \"limit\", \"limit_price\": 4.6318, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.68, "order_type": "limit", "limit_price": 4.6318, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0067331790924072266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 0, "run": 2}} {"ts": 1793143113.30652, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f203f0d8607919bf826785acbf48aee33707a8b266c6d727edd1ca61c096cbda", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0531, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6523, \"target_holdings\": 1.8656}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 0.87, \"order_type\": \"limit\", \"limit_price\": 4.629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.87, "order_type": "limit", "limit_price": 4.629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023298263549804688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 4, "run": 2}} {"ts": 1793143113.309073, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9b6d89023f32d1699c81bd9100d21a8979ec70a9b2a98a00f5d250968c7ba6f7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0484, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6476, \"target_holdings\": 0.5397}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 0.46, \"order_type\": \"limit\", \"limit_price\": 4.6708, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.46, "order_type": "limit", "limit_price": 4.6708, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022478103637695312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 2, "run": 2}} {"ts": 1793143113.311596, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d370100a3f6dc6f27485d0acac76afb777498ecf2b4ae666450dff716c652da5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0559, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6551, \"target_holdings\": 2.6759}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 1.68, \"order_type\": \"limit\", \"limit_price\": 4.6318, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.68, "order_type": "limit", "limit_price": 4.6318, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022258758544921875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 3, "run": 2}} {"ts": 1793143113.314128, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f203f0d8607919bf826785acbf48aee33707a8b266c6d727edd1ca61c096cbda", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0457, \"rf\": 0.01, \"expected_dividend\": 0.0531, \"cash\": 1.1192, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.765, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6523, \"target_holdings\": 1.8656}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 0.87, \"order_type\": \"limit\", \"limit_price\": 4.629, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.87, "order_type": "limit", "limit_price": 4.629, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022308826446533203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 1, "run": 2}} {"ts": 1793143113.316944, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8a63c1b14230249cfcd8fa3a67a127efe781f685846838835118cdf22b84954c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0255, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.625, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6481, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6481, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023131370544433594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 6, "run": 2}} {"ts": 1793143113.319524, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "25460d7a10da3e7491cbf3a47863a55c76da6bf2ce3af901b04bf3a8dbb374c9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0182, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6178, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6409, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6409, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022661685943603516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 5, "run": 2}} {"ts": 1793143113.322111, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6d26bd4037814e9577f91b50d8408794045748b28299312d92698877f6cf2709", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0299, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6294, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6525, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6525, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002295970916748047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 4, "run": 2}} {"ts": 1793143113.324783, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8a63c1b14230249cfcd8fa3a67a127efe781f685846838835118cdf22b84954c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0255, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.625, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6481, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6481, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002360820770263672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 0, "run": 2}} {"ts": 1793143113.327412, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6d26bd4037814e9577f91b50d8408794045748b28299312d92698877f6cf2709", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0299, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6294, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6525, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6525, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023212432861328125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 1, "run": 2}} {"ts": 1793143113.329411, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "25460d7a10da3e7491cbf3a47863a55c76da6bf2ce3af901b04bf3a8dbb374c9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0182, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6178, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6409, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6409, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017008781433105469, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 2, "run": 2}} {"ts": 1793143113.331178, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8a63c1b14230249cfcd8fa3a67a127efe781f685846838835118cdf22b84954c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0255, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.625, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6481, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6481, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015308856964111328, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 3, "run": 2}} {"ts": 1793143113.332865, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6d26bd4037814e9577f91b50d8408794045748b28299312d92698877f6cf2709", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0299, \"cash\": 1.1746, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8203, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6294, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6525, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6525, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015139579772949219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 7, "run": 2}} {"ts": 1793143113.334762, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "44cc6f47c4222b3df8c6435632ff90ab896a33f94758277d0100ad00eb7d703d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.641, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0455, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.85, \"margin\": 0.5, \"loan_capacity\": 2.3205, \"history\": [4.6458, 4.6458, 4.6458, 4.641], \"own_valuation\": 4.6448, \"target_holdings\": 1.0779}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 0.08, \"order_type\": \"limit\", \"limit_price\": 4.6216, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.08, "order_type": "limit", "limit_price": 4.6216, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015380382537841797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 5, "run": 2}} {"ts": 1793143113.336468, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ba7368742939dc5d70c3d755322f8e7d140eacd7f7aca5ea471c42aee4e4485c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.641, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0455, \"cash\": 5.8714, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 5.8714, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6458, 4.6458, 4.6458, 4.641], \"own_valuation\": 4.6448, \"target_holdings\": 1.0779}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 1.08, \"order_type\": \"limit\", \"limit_price\": 4.6216, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.08, "order_type": "limit", "limit_price": 4.6216, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00152587890625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 2, "run": 2}} {"ts": 1793143113.3392, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1a21d1ae6ff6be67ae91e1047c14f0f0f8a93180ee90ec7273d63a125779c0c6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.641, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.85, \"margin\": 0.5, \"loan_capacity\": 2.3205, \"history\": [4.6458, 4.6458, 4.6458, 4.641], \"own_valuation\": 4.6503, \"target_holdings\": 2.6498}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 1.65, \"order_type\": \"limit\", \"limit_price\": 4.627, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.65, "order_type": "limit", "limit_price": 4.627, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025627613067626953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 3, "run": 2}} {"ts": 1793143113.341779, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1a21d1ae6ff6be67ae91e1047c14f0f0f8a93180ee90ec7273d63a125779c0c6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.641, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.85, \"margin\": 0.5, \"loan_capacity\": 2.3205, \"history\": [4.6458, 4.6458, 4.6458, 4.641], \"own_valuation\": 4.6503, \"target_holdings\": 2.6498}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 1.65, \"order_type\": \"limit\", \"limit_price\": 4.627, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.65, "order_type": "limit", "limit_price": 4.627, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002260923385620117, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 0, "run": 2}} {"ts": 1793143113.344349, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "52e8eb76ab40447db574c29e16fc4947b6c7632be89cc327ce1cda1f31b33dd0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.641, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0476, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.85, \"margin\": 0.5, \"loan_capacity\": 2.3205, \"history\": [4.6458, 4.6458, 4.6458, 4.641], \"own_valuation\": 4.6469, \"target_holdings\": 1.6716}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 0.67, \"order_type\": \"limit\", \"limit_price\": 4.6237, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.67, "order_type": "limit", "limit_price": 4.6237, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022809505462646484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 1, "run": 2}} {"ts": 1793143113.346838, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1a21d1ae6ff6be67ae91e1047c14f0f0f8a93180ee90ec7273d63a125779c0c6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.641, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.051, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.85, \"margin\": 0.5, \"loan_capacity\": 2.3205, \"history\": [4.6458, 4.6458, 4.6458, 4.641], \"own_valuation\": 4.6503, \"target_holdings\": 2.6498}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 1.65, \"order_type\": \"limit\", \"limit_price\": 4.627, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.65, "order_type": "limit", "limit_price": 4.627, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002196073532104492, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 6, "run": 2}} {"ts": 1793143113.349352, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "52e8eb76ab40447db574c29e16fc4947b6c7632be89cc327ce1cda1f31b33dd0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.641, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0476, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.85, \"margin\": 0.5, \"loan_capacity\": 2.3205, \"history\": [4.6458, 4.6458, 4.6458, 4.641], \"own_valuation\": 4.6469, \"target_holdings\": 1.6716}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 0.67, \"order_type\": \"limit\", \"limit_price\": 4.6237, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.67, "order_type": "limit", "limit_price": 4.6237, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002232074737548828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 4, "run": 2}} {"ts": 1793143113.351904, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "52e8eb76ab40447db574c29e16fc4947b6c7632be89cc327ce1cda1f31b33dd0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.641, \"dividend\": 0.0224, \"rf\": 0.01, \"expected_dividend\": 0.0476, \"cash\": 1.209, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.85, \"margin\": 0.5, \"loan_capacity\": 2.3205, \"history\": [4.6458, 4.6458, 4.6458, 4.641], \"own_valuation\": 4.6469, \"target_holdings\": 1.6716}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 0.67, \"order_type\": \"limit\", \"limit_price\": 4.6237, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.67, "order_type": "limit", "limit_price": 4.6237, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022649765014648438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 7, "run": 2}} {"ts": 1793143113.354662, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f0a4da8279427fdf0218a2e1388bb891448fa0039b26bdf1396a0637f5f5538d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.641, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0634, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9168, \"margin\": 0.5, \"loan_capacity\": 2.3205, \"history\": [4.6458, 4.6458, 4.6458, 4.641, 4.641], \"own_valuation\": 4.6625, \"target_holdings\": 6.1266}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 5.13, \"order_type\": \"limit\", \"limit_price\": 4.6392, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.13, "order_type": "limit", "limit_price": 4.6392, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002271890640258789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 1, "run": 2}} {"ts": 1793143113.357276, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "64a31de6b60c2961fb89b0e68f9b4a9e22e1aec8639f3a2056db82d9b9a6f429", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.641, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0616, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9168, \"margin\": 0.5, \"loan_capacity\": 2.3205, \"history\": [4.6458, 4.6458, 4.6458, 4.641, 4.641], \"own_valuation\": 4.6608, \"target_holdings\": 5.6344}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 4.63, \"order_type\": \"limit\", \"limit_price\": 4.6375, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.63, "order_type": "limit", "limit_price": 4.6375, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023190975189208984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 5, "run": 2}} {"ts": 1793143113.359927, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f0a4da8279427fdf0218a2e1388bb891448fa0039b26bdf1396a0637f5f5538d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.641, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0634, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9168, \"margin\": 0.5, \"loan_capacity\": 2.3205, \"history\": [4.6458, 4.6458, 4.6458, 4.641, 4.641], \"own_valuation\": 4.6625, \"target_holdings\": 6.1266}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 5.13, \"order_type\": \"limit\", \"limit_price\": 4.6392, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.13, "order_type": "limit", "limit_price": 4.6392, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023469924926757812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 7, "run": 2}} {"ts": 1793143113.362544, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fa29d9d0c0c962cd129f34aadf7b7d5d397582f2e799e12537c8d53523c39f6b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.641, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0616, \"cash\": 5.9301, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 5.9301, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6458, 4.6458, 4.6458, 4.641, 4.641], \"own_valuation\": 4.6608, \"target_holdings\": 5.6344}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 5.63, \"order_type\": \"limit\", \"limit_price\": 4.6375, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.63, "order_type": "limit", "limit_price": 4.6375, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023140907287597656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 2, "run": 2}} {"ts": 1793143113.3652081, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "36b67b73222a563dd5500c436842e0f629a5ba1e702f1232e23a3a5d9738b7e6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.641, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0549, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9168, \"margin\": 0.5, \"loan_capacity\": 2.3205, \"history\": [4.6458, 4.6458, 4.6458, 4.641, 4.641], \"own_valuation\": 4.6541, \"target_holdings\": 3.7464}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 2.75, \"order_type\": \"limit\", \"limit_price\": 4.6308, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.75, "order_type": "limit", "limit_price": 4.6308, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002360105514526367, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 3, "run": 2}} {"ts": 1793143113.367462, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "36b67b73222a563dd5500c436842e0f629a5ba1e702f1232e23a3a5d9738b7e6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.641, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0549, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9168, \"margin\": 0.5, \"loan_capacity\": 2.3205, \"history\": [4.6458, 4.6458, 4.6458, 4.641, 4.641], \"own_valuation\": 4.6541, \"target_holdings\": 3.7464}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 2.75, \"order_type\": \"limit\", \"limit_price\": 4.6308, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.75, "order_type": "limit", "limit_price": 4.6308, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019199848175048828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 0, "run": 2}} {"ts": 1793143113.370013, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f0a4da8279427fdf0218a2e1388bb891448fa0039b26bdf1396a0637f5f5538d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.641, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0634, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9168, \"margin\": 0.5, \"loan_capacity\": 2.3205, \"history\": [4.6458, 4.6458, 4.6458, 4.641, 4.641], \"own_valuation\": 4.6625, \"target_holdings\": 6.1266}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 5.13, \"order_type\": \"limit\", \"limit_price\": 4.6392, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.13, "order_type": "limit", "limit_price": 4.6392, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002228975296020508, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 4, "run": 2}} {"ts": 1793143113.372768, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "36b67b73222a563dd5500c436842e0f629a5ba1e702f1232e23a3a5d9738b7e6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.641, \"dividend\": 0.0542, \"rf\": 0.01, \"expected_dividend\": 0.0549, \"cash\": 1.2758, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9168, \"margin\": 0.5, \"loan_capacity\": 2.3205, \"history\": [4.6458, 4.6458, 4.6458, 4.641, 4.641], \"own_valuation\": 4.6541, \"target_holdings\": 3.7464}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 2.75, \"order_type\": \"limit\", \"limit_price\": 4.6308, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.75, "order_type": "limit", "limit_price": 4.6308, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002508878707885742, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 6, "run": 2}} {"ts": 1793143113.376728, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3dc09fe07aa1ca89e061a8749744ca9894e84d4426d882d4a89afd70d6526815", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6382, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0575, \"cash\": 0.0818, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 5.9949, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6458, 4.6458, 4.641, 4.641, 4.6382], \"own_valuation\": 4.6567, \"target_holdings\": 5.2912}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 4.02, \"order_type\": \"limit\", \"limit_price\": 4.6334, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.02, "order_type": "limit", "limit_price": 4.6334, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003470182418823242, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 7, "run": 2}} {"ts": 1793143113.3793962, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bde18692b25ff5a4de524a9e4fcd8307600ffe408cca4ca306d327fc704a936b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6382, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 0.0818, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 5.9954, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6458, 4.6458, 4.641, 4.641, 4.6382], \"own_valuation\": 4.65, \"target_holdings\": 3.3847}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 2.11, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.11, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022988319396972656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 5, "run": 2}} {"ts": 1793143113.3819132, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c50a2317a2c5757853b447a122de6b9c740c371fb309f490c754d293ad6c48bd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6382, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0548, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.991, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6458, 4.6458, 4.641, 4.641, 4.6382], \"own_valuation\": 4.654, \"target_holdings\": 4.5204}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 3.52, \"order_type\": \"limit\", \"limit_price\": 4.6307, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.52, "order_type": "limit", "limit_price": 4.6307, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022280216217041016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 3, "run": 2}} {"ts": 1793143113.38448, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c50a2317a2c5757853b447a122de6b9c740c371fb309f490c754d293ad6c48bd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6382, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0548, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.991, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6458, 4.6458, 4.641, 4.641, 4.6382], \"own_valuation\": 4.654, \"target_holdings\": 4.5204}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 3.52, \"order_type\": \"limit\", \"limit_price\": 4.6307, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.52, "order_type": "limit", "limit_price": 4.6307, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022890567779541016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 0, "run": 2}} {"ts": 1793143113.387077, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c50a2317a2c5757853b447a122de6b9c740c371fb309f490c754d293ad6c48bd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6382, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0548, \"cash\": 1.3528, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.991, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6458, 4.6458, 4.641, 4.641, 4.6382], \"own_valuation\": 4.654, \"target_holdings\": 4.5204}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 3.52, \"order_type\": \"limit\", \"limit_price\": 4.6307, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.52, "order_type": "limit", "limit_price": 4.6307, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023081302642822266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 6, "run": 2}} {"ts": 1793143113.389676, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "282e6c9c1f99de852971afb9aee36eb90549a69a44f80cb9c5c4135117d14c43", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6382, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 5.9894, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 5.9894, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6458, 4.6458, 4.641, 4.641, 4.6382], \"own_valuation\": 4.65, \"target_holdings\": 3.3847}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 3.38, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.38, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023088455200195312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 2, "run": 2}} {"ts": 1793143113.392237, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8c4ec12dfa5a8a222dd33fecc5c3a44548bf6ac885bd8c4c215c4d8a7ddac0c8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6382, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0575, \"cash\": 0.0825, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 5.9956, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6458, 4.6458, 4.641, 4.641, 4.6382], \"own_valuation\": 4.6567, \"target_holdings\": 5.2912}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 4.02, \"order_type\": \"limit\", \"limit_price\": 4.6334, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.02, "order_type": "limit", "limit_price": 4.6334, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022530555725097656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 4, "run": 2}} {"ts": 1793143113.394797, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3dc09fe07aa1ca89e061a8749744ca9894e84d4426d882d4a89afd70d6526815", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6382, \"dividend\": 0.0636, \"rf\": 0.01, \"expected_dividend\": 0.0575, \"cash\": 0.0818, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 5.9949, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6458, 4.6458, 4.641, 4.641, 4.6382], \"own_valuation\": 4.6567, \"target_holdings\": 5.2912}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 4.02, \"order_type\": \"limit\", \"limit_price\": 4.6334, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.02, "order_type": "limit", "limit_price": 4.6334, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022628307342529297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 1, "run": 2}} {"ts": 1793143113.397632, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "249eb93df0e9981693b219d369098068227eb71ec2d61709838820d80707615d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6382, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 0.1516, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.0647, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6458, 4.641, 4.641, 4.6382, 4.6382], \"own_valuation\": 4.6501, \"target_holdings\": 3.4009}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 2.13, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.13, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002316713333129883, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 1, "run": 2}} {"ts": 1793143113.402706, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4d614ce49ab22785e8985c5d1bff398e0c382b84174cd08635e077c77ca93db9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6382, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.053, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0585, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6458, 4.641, 4.641, 4.6382, 4.6382], \"own_valuation\": 4.6522, \"target_holdings\": 4.0115}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 3.01, \"order_type\": \"limit\", \"limit_price\": 4.6289, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.01, "order_type": "limit", "limit_price": 4.6289, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004461050033569336, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 0, "run": 2}} {"ts": 1793143113.4053252, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d9bb3b05a82b98136e31d4ca9325da1c5378f908a0aa8049c3d7dba9caae5144", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6382, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0566, \"cash\": 0.1516, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 6.0651, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6458, 4.641, 4.641, 4.6382, 4.6382], \"own_valuation\": 4.6558, \"target_holdings\": 5.0282}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 3.75, \"order_type\": \"limit\", \"limit_price\": 4.6325, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.75, "order_type": "limit", "limit_price": 4.6325, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002299785614013672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 5, "run": 2}} {"ts": 1793143113.414507, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9b091158c70e0533096595115444b1a6d43b6a4ee17992415e4f1136eae945bf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6382, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0566, \"cash\": 6.0493, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.0493, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6458, 4.641, 4.641, 4.6382, 4.6382], \"own_valuation\": 4.6558, \"target_holdings\": 5.0282}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 5.03, \"order_type\": \"limit\", \"limit_price\": 4.6325, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.03, "order_type": "limit", "limit_price": 4.6325, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.008877038955688477, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 2, "run": 2}} {"ts": 1793143113.417208, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4d614ce49ab22785e8985c5d1bff398e0c382b84174cd08635e077c77ca93db9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6382, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.053, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0585, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6458, 4.641, 4.641, 4.6382, 4.6382], \"own_valuation\": 4.6522, \"target_holdings\": 4.0115}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 3.01, \"order_type\": \"limit\", \"limit_price\": 4.6289, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.01, "order_type": "limit", "limit_price": 4.6289, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023260116577148438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 6, "run": 2}} {"ts": 1793143113.419779, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "249eb93df0e9981693b219d369098068227eb71ec2d61709838820d80707615d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6382, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 0.1516, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.0647, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6458, 4.641, 4.641, 4.6382, 4.6382], \"own_valuation\": 4.6501, \"target_holdings\": 3.4009}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 2.13, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.13, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022649765014648438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 7, "run": 2}} {"ts": 1793143113.422092, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4d614ce49ab22785e8985c5d1bff398e0c382b84174cd08635e077c77ca93db9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6382, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.053, \"cash\": 1.4204, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0585, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6458, 4.641, 4.641, 4.6382, 4.6382], \"own_valuation\": 4.6522, \"target_holdings\": 4.0115}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 3.01, \"order_type\": \"limit\", \"limit_price\": 4.6289, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.01, "order_type": "limit", "limit_price": 4.6289, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002023935317993164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 3, "run": 2}} {"ts": 1793143113.4240909, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "267245a76c247dcb9d5ec2825d1bb3f9ed9b9d4702cba5aebde19b1fc87b9777", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6382, \"dividend\": 0.0535, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 0.1522, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.0653, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6458, 4.641, 4.641, 4.6382, 4.6382], \"own_valuation\": 4.6501, \"target_holdings\": 3.4009}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 2.13, \"order_type\": \"limit\", \"limit_price\": 4.6268, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.13, "order_type": "limit", "limit_price": 4.6268, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017771720886230469, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 4, "run": 2}} {"ts": 1793143113.426239, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b959f27bf1a1aaa19b8ad18cb66da7674ea5cf5af57ffe26d204a3dbe68b9436", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6382, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.06, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1328, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.641, 4.641, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6592, \"target_holdings\": 5.9962}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 5.0, \"order_type\": \"limit\", \"limit_price\": 4.6359, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.0, "order_type": "limit", "limit_price": 4.6359, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017828941345214844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 6, "run": 2}} {"ts": 1793143113.42826, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "da8a272df6cdca59cf5f11652d0a748bd6b4d22ec03d904c283d208165c0cbc6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6382, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0596, \"cash\": 6.1098, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.1098, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.641, 4.641, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6587, \"target_holdings\": 5.8618}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 5.86, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.86, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018320083618164062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 2, "run": 2}} {"ts": 1793143113.430201, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8f17a8dcffd866d8acc8c2e9dbfa8035bc4a9377421da7c5364be1a0c44ff540", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6382, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0564, \"cash\": 0.2304, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.1435, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.641, 4.641, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6556, \"target_holdings\": 4.9691}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 3.69, \"order_type\": \"limit\", \"limit_price\": 4.6323, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.69, "order_type": "limit", "limit_price": 4.6323, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017709732055664062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 4, "run": 2}} {"ts": 1793143113.435322, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b959f27bf1a1aaa19b8ad18cb66da7674ea5cf5af57ffe26d204a3dbe68b9436", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6382, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.06, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1328, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.641, 4.641, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6592, \"target_holdings\": 5.9962}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 5.0, \"order_type\": \"limit\", \"limit_price\": 4.6359, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.0, "order_type": "limit", "limit_price": 4.6359, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00495600700378418, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 0, "run": 2}} {"ts": 1793143113.4373171, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "af218f5f88628d3ac70364807f680158c5ad72477145041256d047edf8811332", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6382, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0596, \"cash\": 0.2297, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 6.1433, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.641, 4.641, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6587, \"target_holdings\": 5.8618}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 4.59, \"order_type\": \"limit\", \"limit_price\": 4.6354, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.59, "order_type": "limit", "limit_price": 4.6354, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001741170883178711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 5, "run": 2}} {"ts": 1793143113.4391968, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "964b452545df978f42ebdd5fac07246767fcbd16eebd649d0bc3cc19ecf343fe", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6382, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0564, \"cash\": 0.2297, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.1428, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.641, 4.641, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6556, \"target_holdings\": 4.9691}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 3.69, \"order_type\": \"limit\", \"limit_price\": 4.6323, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.69, "order_type": "limit", "limit_price": 4.6323, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001688241958618164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 7, "run": 2}} {"ts": 1793143113.441043, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b959f27bf1a1aaa19b8ad18cb66da7674ea5cf5af57ffe26d204a3dbe68b9436", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6382, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.06, \"cash\": 1.4947, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1328, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.641, 4.641, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6592, \"target_holdings\": 5.9962}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 5.0, \"order_type\": \"limit\", \"limit_price\": 4.6359, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.0, "order_type": "limit", "limit_price": 4.6359, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016677379608154297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 3, "run": 2}} {"ts": 1793143113.442892, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "964b452545df978f42ebdd5fac07246767fcbd16eebd649d0bc3cc19ecf343fe", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6382, \"dividend\": 0.0595, \"rf\": 0.01, \"expected_dividend\": 0.0564, \"cash\": 0.2297, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.1428, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.641, 4.641, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6556, \"target_holdings\": 4.9691}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 3.69, \"order_type\": \"limit\", \"limit_price\": 4.6323, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.69, "order_type": "limit", "limit_price": 4.6323, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016760826110839844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 1, "run": 2}} {"ts": 1793143113.446683, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "836d3a887ef5d97f65bc7e95cb2b9e9781e452a7f78da1c706d36a29b124ef5e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6382, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 0.3068, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.2199, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.641, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6468, \"target_holdings\": 2.4489}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 1.17, \"order_type\": \"limit\", \"limit_price\": 4.6236, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.17, "order_type": "limit", "limit_price": 4.6236, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003429889678955078, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 4, "run": 2}} {"ts": 1793143113.450264, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9e3e7786fb5059d054fa1ba3762be30da5fa84aeddf6719f92b0e80957518344", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6382, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0463, \"cash\": 6.1709, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.1709, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.641, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6456, \"target_holdings\": 2.1138}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 2.11, \"order_type\": \"limit\", \"limit_price\": 4.6224, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.11, "order_type": "limit", "limit_price": 4.6224, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0031578540802001953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 2, "run": 2}} {"ts": 1793143113.45393, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5a15f5dd4c9dc9057f5dc58962ea5798c7f5e20c78b3e590b45f2b7eb85af77d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6382, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0446, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2059, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.641, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6439, \"target_holdings\": 1.6451}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 0.65, \"order_type\": \"limit\", \"limit_price\": 4.6207, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.65, "order_type": "limit", "limit_price": 4.6207, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003198862075805664, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 0, "run": 2}} {"ts": 1793143113.4581492, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5a15f5dd4c9dc9057f5dc58962ea5798c7f5e20c78b3e590b45f2b7eb85af77d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6382, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0446, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2059, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.641, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6439, \"target_holdings\": 1.6451}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 0.65, \"order_type\": \"limit\", \"limit_price\": 4.6207, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.65, "order_type": "limit", "limit_price": 4.6207, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003975868225097656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 3, "run": 2}} {"ts": 1793143113.46139, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b7f7926e5d4bc25c7c6f5a18e06bf549fff08b90236f50b4b0a5ee98799d31d5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6382, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 0.3061, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.2192, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.641, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6468, \"target_holdings\": 2.4489}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 1.17, \"order_type\": \"limit\", \"limit_price\": 4.6236, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.17, "order_type": "limit", "limit_price": 4.6236, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002708911895751953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 1, "run": 2}} {"ts": 1793143113.464363, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "711e12f207c6a1fb021c9fb290215d587ff15f72d509b7944db032d8b661c0f6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6382, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0463, \"cash\": 0.3061, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 6.2197, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.641, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6456, \"target_holdings\": 2.1138}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 0.84, \"order_type\": \"limit\", \"limit_price\": 4.6224, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.84, "order_type": "limit", "limit_price": 4.6224, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025110244750976562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 5, "run": 2}} {"ts": 1793143113.46772, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b7f7926e5d4bc25c7c6f5a18e06bf549fff08b90236f50b4b0a5ee98799d31d5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6382, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0475, \"cash\": 0.3061, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.2192, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.641, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6468, \"target_holdings\": 2.4489}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 1.17, \"order_type\": \"limit\", \"limit_price\": 4.6236, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.17, "order_type": "limit", "limit_price": 4.6236, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0029871463775634766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 7, "run": 2}} {"ts": 1793143113.475428, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5a15f5dd4c9dc9057f5dc58962ea5798c7f5e20c78b3e590b45f2b7eb85af77d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6382, \"dividend\": 0.0576, \"rf\": 0.01, \"expected_dividend\": 0.0446, \"cash\": 1.5678, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2059, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.641, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6439, \"target_holdings\": 1.6451}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 0.65, \"order_type\": \"limit\", \"limit_price\": 4.6207, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.65, "order_type": "limit", "limit_price": 4.6207, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.007269144058227539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 6, "run": 2}} {"ts": 1793143113.4776928, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "58d515ac1ac9ce5f50b36c26265779bd05b1ddb27106a04b248568e27ce8f757", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6382, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0604, \"cash\": 0.3713, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 6.2849, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6595, \"target_holdings\": 6.0839}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 4.81, \"order_type\": \"limit\", \"limit_price\": 4.6362, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.81, "order_type": "limit", "limit_price": 4.6362, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018291473388671875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 5, "run": 2}} {"ts": 1793143113.479636, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a4d0c3b079afcae87a3adc188411d317f9387afda1748dcd9c8e062519d75c22", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6382, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0644, \"cash\": 0.3713, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.2844, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6635, \"target_holdings\": 7.2213}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 5.95, \"order_type\": \"limit\", \"limit_price\": 4.6402, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.95, "order_type": "limit", "limit_price": 4.6402, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017337799072265625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 1, "run": 2}} {"ts": 1793143113.481545, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "221e9761643213954d494b6d2c2e54f7741ef3e23b943e839859137a8da42489", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6382, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0519, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2703, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6512, \"target_holdings\": 3.7121}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 2.71, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.71, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017228126525878906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 3, "run": 2}} {"ts": 1793143113.483423, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "221e9761643213954d494b6d2c2e54f7741ef3e23b943e839859137a8da42489", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6382, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0519, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2703, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6512, \"target_holdings\": 3.7121}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 2.71, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.71, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016908645629882812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 6, "run": 2}} {"ts": 1793143113.486051, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a4d0c3b079afcae87a3adc188411d317f9387afda1748dcd9c8e062519d75c22", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6382, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0644, \"cash\": 0.3713, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.2844, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6635, \"target_holdings\": 7.2213}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 5.95, \"order_type\": \"limit\", \"limit_price\": 4.6402, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.95, "order_type": "limit", "limit_price": 4.6402, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023458003997802734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 7, "run": 2}} {"ts": 1793143113.488672, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f3f211fb83c222a249ef9c7c86472978383da5f4c2fe64063cf8aa3e232323dc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6382, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0644, \"cash\": 0.372, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.2851, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6635, \"target_holdings\": 7.2213}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 5.95, \"order_type\": \"limit\", \"limit_price\": 4.6402, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.95, "order_type": "limit", "limit_price": 4.6402, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002295970916748047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 4, "run": 2}} {"ts": 1793143113.491296, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "39d07726ca1d2af7d804d0385d4448674a87cf6c1e1a608b7523e2a5dbc86c0c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6382, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0604, \"cash\": 6.2326, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.2326, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6595, \"target_holdings\": 6.0839}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 6.08, \"order_type\": \"limit\", \"limit_price\": 4.6362, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.08, "order_type": "limit", "limit_price": 4.6362, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023107528686523438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 2, "run": 2}} {"ts": 1793143113.4938712, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "221e9761643213954d494b6d2c2e54f7741ef3e23b943e839859137a8da42489", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6382, \"dividend\": 0.0482, \"rf\": 0.01, \"expected_dividend\": 0.0519, \"cash\": 1.6322, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2703, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6512, \"target_holdings\": 3.7121}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 2.71, \"order_type\": \"limit\", \"limit_price\": 4.6279, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.71, "order_type": "limit", "limit_price": 4.6279, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002279996871948242, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 0, "run": 2}} {"ts": 1793143113.4966779, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "841ec42a6655888377ce50c2981c2102da9f164fbd2f002fd3ba75850bf424d0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6382, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0489, \"cash\": 0.4515, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.3646, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6482, \"target_holdings\": 2.8515}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 1.58, \"order_type\": \"limit\", \"limit_price\": 4.625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.58, "order_type": "limit", "limit_price": 4.625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002285003662109375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 4, "run": 2}} {"ts": 1793143113.499223, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c32e890604b957af8656d325f9f20c74dd65502e9d4704e3fd8cdbb48f3ee5fd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6382, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0489, \"cash\": 0.4508, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.3639, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6482, \"target_holdings\": 2.8515}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 1.58, \"order_type\": \"limit\", \"limit_price\": 4.625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.58, "order_type": "limit", "limit_price": 4.625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022459030151367188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 1, "run": 2}} {"ts": 1793143113.501786, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c32e890604b957af8656d325f9f20c74dd65502e9d4704e3fd8cdbb48f3ee5fd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6382, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0489, \"cash\": 0.4508, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.3639, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6482, \"target_holdings\": 2.8515}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 1.58, \"order_type\": \"limit\", \"limit_price\": 4.625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.58, "order_type": "limit", "limit_price": 4.625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002270936965942383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 7, "run": 2}} {"ts": 1793143113.5043, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4018b08312832262e4395f66d453c557a019a6641586a9b6c9e7ffcbdbf61caf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6382, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0517, \"cash\": 6.2949, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.2949, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.651, \"target_holdings\": 3.6519}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 3.65, \"order_type\": \"limit\", \"limit_price\": 4.6277, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.65, "order_type": "limit", "limit_price": 4.6277, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022208690643310547, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 2, "run": 2}} {"ts": 1793143113.506343, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e580bba8705a84c91fb61b5a92acafe1498c31ef5c1bc951d1c370c9ffef8709", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6382, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0489, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3461, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6482, \"target_holdings\": 2.8563}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 1.86, \"order_type\": \"limit\", \"limit_price\": 4.625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.86, "order_type": "limit", "limit_price": 4.625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017540454864501953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 6, "run": 2}} {"ts": 1793143113.508255, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e580bba8705a84c91fb61b5a92acafe1498c31ef5c1bc951d1c370c9ffef8709", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6382, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0489, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3461, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6482, \"target_holdings\": 2.8563}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 1.86, \"order_type\": \"limit\", \"limit_price\": 4.625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.86, "order_type": "limit", "limit_price": 4.625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016918182373046875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 3, "run": 2}} {"ts": 1793143113.510709, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "39fcd0791538f797f76075952bae6c25cda7ac8261581a928c106e7da370839d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6382, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0517, \"cash\": 0.4509, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 6.3644, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.651, \"target_holdings\": 3.6519}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 2.38, \"order_type\": \"limit\", \"limit_price\": 4.6277, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.38, "order_type": "limit", "limit_price": 4.6277, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022640228271484375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 5, "run": 2}} {"ts": 1793143113.513197, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e580bba8705a84c91fb61b5a92acafe1498c31ef5c1bc951d1c370c9ffef8709", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6382, \"dividend\": 0.0589, \"rf\": 0.01, \"expected_dividend\": 0.0489, \"cash\": 1.708, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3461, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6482, \"target_holdings\": 2.8563}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 1.86, \"order_type\": \"limit\", \"limit_price\": 4.625, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.86, "order_type": "limit", "limit_price": 4.625, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002180814743041992, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 0, "run": 2}} {"ts": 1793143113.515924, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "298627ee76d54155d1cb94b03ff553cfa6f7a72c4047559f3c287e1b6d7af89c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6382, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0498, \"cash\": 0.5222, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.4353, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.649, \"target_holdings\": 3.1011}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 1.83, \"order_type\": \"limit\", \"limit_price\": 4.6258, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.83, "order_type": "limit", "limit_price": 4.6258, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022292137145996094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 4, "run": 2}} {"ts": 1793143113.518529, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8fdeb25900bf93507350d7a35d98556e5df3ed290e124d8c794c2062c691b598", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6382, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0498, \"cash\": 0.5215, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.4345, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.649, \"target_holdings\": 3.1011}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 1.83, \"order_type\": \"limit\", \"limit_price\": 4.6258, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.83, "order_type": "limit", "limit_price": 4.6258, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023009777069091797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 7, "run": 2}} {"ts": 1793143113.520936, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8f63f1c46135dd1a7b2b4d70f26ddfbeb11b5bc0a5f1f3194820e21fc31a7cd2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6382, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0429, \"cash\": 0.5215, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 6.4351, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6422, \"target_holdings\": 1.1476}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.13, \"order_type\": \"limit\", \"limit_price\": 4.6654, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.13, "order_type": "limit", "limit_price": 4.6654, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018830299377441406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 5, "run": 2}} {"ts": 1793143113.52292, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e4225c2578926cb0dfc68f6afa4a17677e72113758670b0bcf73e56d2b0f2b4a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6382, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0429, \"cash\": 6.3579, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.3579, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6422, \"target_holdings\": 1.1476}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 1.15, \"order_type\": \"limit\", \"limit_price\": 4.619, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.15, "order_type": "limit", "limit_price": 4.619, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017409324645996094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 2, "run": 2}} {"ts": 1793143113.524778, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4159cf56c4b501616f67285923a2a4c35b37e269f4ccb32b6de92bdbb29954dd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6382, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0423, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4151, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6416, \"target_holdings\": 0.9807}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.02, \"order_type\": \"limit\", \"limit_price\": 4.6648, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.02, "order_type": "limit", "limit_price": 4.6648, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016601085662841797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 3, "run": 2}} {"ts": 1793143113.5303319, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4159cf56c4b501616f67285923a2a4c35b37e269f4ccb32b6de92bdbb29954dd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6382, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0423, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4151, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6416, \"target_holdings\": 0.9807}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.02, \"order_type\": \"limit\", \"limit_price\": 4.6648, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.02, "order_type": "limit", "limit_price": 4.6648, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005377054214477539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 0, "run": 2}} {"ts": 1793143113.533598, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4159cf56c4b501616f67285923a2a4c35b37e269f4ccb32b6de92bdbb29954dd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6382, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0423, \"cash\": 1.7769, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4151, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6416, \"target_holdings\": 0.9807}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.02, \"order_type\": \"limit\", \"limit_price\": 4.6648, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.02, "order_type": "limit", "limit_price": 4.6648, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002794981002807617, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 6, "run": 2}} {"ts": 1793143113.541944, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8fdeb25900bf93507350d7a35d98556e5df3ed290e124d8c794c2062c691b598", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6382, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0498, \"cash\": 0.5215, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.4345, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.649, \"target_holdings\": 3.1011}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 1.83, \"order_type\": \"limit\", \"limit_price\": 4.6258, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.83, "order_type": "limit", "limit_price": 4.6258, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018749237060546875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 1, "run": 2}} {"ts": 1793143113.544091, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a45f5a681cdcc46140efa5a97d917ecde605fdf692953d0e9595c8bfc158ebc8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6382, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0409, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4807, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6402, \"target_holdings\": 0.5855}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 0.41, \"order_type\": \"limit\", \"limit_price\": 4.6634, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.41, "order_type": "limit", "limit_price": 4.6634, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017461776733398438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 3, "run": 2}} {"ts": 1793143113.5482628, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1d7eb70bf9e0880651633b4afa9d555395e137e87b8c528ad00949a7a4530cad", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6382, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0383, \"cash\": 0.5884, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.5015, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6376, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.27, \"order_type\": \"limit\", \"limit_price\": 4.6608, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.27, "order_type": "limit", "limit_price": 4.6608, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00397801399230957, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 4, "run": 2}} {"ts": 1793143113.550956, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "80132d07ab31a630c865792c51b9ac396c661ad8656dc850a733741ce240a08b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6382, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0404, \"cash\": 0.5877, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 6.5013, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6398, \"target_holdings\": 0.462}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 0.81, \"order_type\": \"limit\", \"limit_price\": 4.663, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.81, "order_type": "limit", "limit_price": 4.663, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002279996871948242, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 5, "run": 2}} {"ts": 1793143113.553495, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a45f5a681cdcc46140efa5a97d917ecde605fdf692953d0e9595c8bfc158ebc8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6382, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0409, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4807, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6402, \"target_holdings\": 0.5855}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 0.41, \"order_type\": \"limit\", \"limit_price\": 4.6634, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.41, "order_type": "limit", "limit_price": 4.6634, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00222015380859375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 6, "run": 2}} {"ts": 1793143113.555997, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9dd8666278ed81ee8c65270be2f285602281ad451460a2012cf7407fa8e4d352", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6382, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0404, \"cash\": 6.4214, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.4214, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6398, \"target_holdings\": 0.462}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 0.46, \"order_type\": \"limit\", \"limit_price\": 4.6166, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.46, "order_type": "limit", "limit_price": 4.6166, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022079944610595703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 2, "run": 2}} {"ts": 1793143113.558557, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5a4f90271ff10eb7c7603b5544063f8c79d4b278ef3b0630704e07e1e31aec61", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6382, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0383, \"cash\": 0.5877, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.5008, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6376, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.27, \"order_type\": \"limit\", \"limit_price\": 4.6608, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.27, "order_type": "limit", "limit_price": 4.6608, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022580623626708984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 7, "run": 2}} {"ts": 1793143113.561072, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5a4f90271ff10eb7c7603b5544063f8c79d4b278ef3b0630704e07e1e31aec61", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6382, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0383, \"cash\": 0.5877, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.5008, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6376, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.27, \"order_type\": \"limit\", \"limit_price\": 4.6608, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.27, "order_type": "limit", "limit_price": 4.6608, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002229928970336914, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 1, "run": 2}} {"ts": 1793143113.56376, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a45f5a681cdcc46140efa5a97d917ecde605fdf692953d0e9595c8bfc158ebc8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6382, \"dividend\": 0.0474, \"rf\": 0.01, \"expected_dividend\": 0.0409, \"cash\": 1.8425, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4807, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6402, \"target_holdings\": 0.5855}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 0.41, \"order_type\": \"limit\", \"limit_price\": 4.6634, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.41, "order_type": "limit", "limit_price": 4.6634, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023870468139648438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 0, "run": 2}} {"ts": 1793143113.5666041, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "12c7d71251bca3c60e329845d9b9fceba35af0ca9b8fe70316bf2d4f98ae33a4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 6.4857, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.4857, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6445, \"target_holdings\": 1.7958}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 1.8, \"order_type\": \"limit\", \"limit_price\": 4.6213, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.8, "order_type": "limit", "limit_price": 4.6213, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002306699752807617, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 2, "run": 2}} {"ts": 1793143113.5690649, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90415726cad320b3feb176bd7df322dcdd2b213fb65916e8ff3fa3b413da4053", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0437, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5403, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.643, \"target_holdings\": 1.3837}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 0.38, \"order_type\": \"limit\", \"limit_price\": 4.6198, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.38, "order_type": "limit", "limit_price": 4.6198, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021631717681884766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 6, "run": 2}} {"ts": 1793143113.5713139, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b6bf172de0543bae966abd93a0b48af2a87bf30a61245bc44edd32327d9498da", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0427, \"cash\": 0.6461, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.5591, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6421, \"target_holdings\": 1.1108}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 0.16, \"order_type\": \"limit\", \"limit_price\": 4.6653, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.16, "order_type": "limit", "limit_price": 4.6653, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001973867416381836, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 7, "run": 2}} {"ts": 1793143113.5732422, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90415726cad320b3feb176bd7df322dcdd2b213fb65916e8ff3fa3b413da4053", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0437, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5403, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.643, \"target_holdings\": 1.3837}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 0.38, \"order_type\": \"limit\", \"limit_price\": 4.6198, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.38, "order_type": "limit", "limit_price": 4.6198, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017142295837402344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 0, "run": 2}} {"ts": 1793143113.575082, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90415726cad320b3feb176bd7df322dcdd2b213fb65916e8ff3fa3b413da4053", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0437, \"cash\": 1.9021, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5403, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.643, \"target_holdings\": 1.3837}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 0.38, \"order_type\": \"limit\", \"limit_price\": 4.6198, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.38, "order_type": "limit", "limit_price": 4.6198, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016658306121826172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 3, "run": 2}} {"ts": 1793143113.57795, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b6bf172de0543bae966abd93a0b48af2a87bf30a61245bc44edd32327d9498da", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0427, \"cash\": 0.6461, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.5591, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6421, \"target_holdings\": 1.1108}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.16, \"order_type\": \"limit\", \"limit_price\": 4.6653, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.16, "order_type": "limit", "limit_price": 4.6653, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002696990966796875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 1, "run": 2}} {"ts": 1793143113.582419, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d2654a5b4fd47d9e65b4fbbdea90cc6563fa3764137dfd9c872f0e64f71ce821", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 0.6461, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 6.5597, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6445, \"target_holdings\": 1.7958}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 0.52, \"order_type\": \"limit\", \"limit_price\": 4.6213, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.52, "order_type": "limit", "limit_price": 4.6213, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001886129379272461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 5, "run": 2}} {"ts": 1793143113.586475, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2dd0ffd5cbc05630ac2d2f1ffa32ab0289d53eeb53b606dfa2ee567d3aa3dccb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0427, \"cash\": 0.6468, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.5599, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6421, \"target_holdings\": 1.1108}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.16, \"order_type\": \"limit\", \"limit_price\": 4.6653, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.16, "order_type": "limit", "limit_price": 4.6653, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0038290023803710938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 4, "run": 2}} {"ts": 1793143113.589646, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a0da9aa5c5159178fdb19d1c310c3291ff3c0613824d22877a97820bfe082f89", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6382, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0465, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6098, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6457, \"target_holdings\": 2.161}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 1.16, \"order_type\": \"limit\", \"limit_price\": 4.6225, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.16, "order_type": "limit", "limit_price": 4.6225, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024657249450683594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 3, "run": 2}} {"ts": 1793143113.592323, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "786027ce7f79aeb290e17b41d1622f6d8d9dc1490dfcca364bf22387abd1ef56", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6382, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 0.7168, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.6299, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6473, \"target_holdings\": 2.5958}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6241, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6241, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017359256744384766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 1, "run": 2}} {"ts": 1793143113.594132, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c2f24612da4aa4463bf874d9fab73aa5222f89b3f686b5bdb01613be0729b284", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6382, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0494, \"cash\": 0.7169, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 6.6304, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6487, \"target_holdings\": 3.0067}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 1.73, \"order_type\": \"limit\", \"limit_price\": 4.6255, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.73, "order_type": "limit", "limit_price": 4.6255, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016126632690429688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 5, "run": 2}} {"ts": 1793143113.604403, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ec9baef64c8d49a20f061cac8e7b3f9d9a2052abd19df40ac88b85ecba2ff3fb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6382, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 0.7176, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.6306, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6473, \"target_holdings\": 2.5958}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6241, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6241, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.010085821151733398, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 4, "run": 2}} {"ts": 1793143113.607966, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a0da9aa5c5159178fdb19d1c310c3291ff3c0613824d22877a97820bfe082f89", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6382, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0465, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6098, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6457, \"target_holdings\": 2.161}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 1.16, \"order_type\": \"limit\", \"limit_price\": 4.6225, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.16, "order_type": "limit", "limit_price": 4.6225, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0031287670135498047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 6, "run": 2}} {"ts": 1793143113.609843, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a0da9aa5c5159178fdb19d1c310c3291ff3c0613824d22877a97820bfe082f89", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6382, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0465, \"cash\": 1.9716, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6098, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6457, \"target_holdings\": 2.161}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 1.16, \"order_type\": \"limit\", \"limit_price\": 4.6225, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.16, "order_type": "limit", "limit_price": 4.6225, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016522407531738281, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 0, "run": 2}} {"ts": 1793143113.611665, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "28d4e40e7a557eb19de0b7b052f81fe850fb506c4fa784e13ec8e813f0e47c54", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6382, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.0494, \"cash\": 6.5505, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.5505, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6487, \"target_holdings\": 3.0067}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 3.01, \"order_type\": \"limit\", \"limit_price\": 4.6255, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.01, "order_type": "limit", "limit_price": 4.6255, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016360282897949219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 2, "run": 2}} {"ts": 1793143113.6134698, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "786027ce7f79aeb290e17b41d1622f6d8d9dc1490dfcca364bf22387abd1ef56", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6382, \"dividend\": 0.0499, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 0.7168, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.6299, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6473, \"target_holdings\": 2.5958}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6241, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6241, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001619100570678711, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 7, "run": 2}} {"ts": 1793143113.61549, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90bfec9a9e36e84541ed0bae4f40575bf7b3e89d38493dab45d6d201ff8e760b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6382, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.06, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6789, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6591, \"target_holdings\": 5.973}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 4.97, \"order_type\": \"limit\", \"limit_price\": 4.6358, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.97, "order_type": "limit", "limit_price": 4.6358, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016748905181884766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 6, "run": 2}} {"ts": 1793143113.6172988, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "64d8d3aeef4a3936784b57f6295985aca2ba02d414f0b04d7b37bb384b11423f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6382, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 0.7878, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.7009, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6563, \"target_holdings\": 5.166}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 3.89, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.89, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016300678253173828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 4, "run": 2}} {"ts": 1793143113.6190841, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90bfec9a9e36e84541ed0bae4f40575bf7b3e89d38493dab45d6d201ff8e760b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6382, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.06, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6789, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6591, \"target_holdings\": 5.973}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 4.97, \"order_type\": \"limit\", \"limit_price\": 4.6358, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.97, "order_type": "limit", "limit_price": 4.6358, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016169548034667969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 3, "run": 2}} {"ts": 1793143113.622009, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "90bfec9a9e36e84541ed0bae4f40575bf7b3e89d38493dab45d6d201ff8e760b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6382, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.06, \"cash\": 2.0408, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6789, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6591, \"target_holdings\": 5.973}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 4.97, \"order_type\": \"limit\", \"limit_price\": 4.6358, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.97, "order_type": "limit", "limit_price": 4.6358, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0027599334716796875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 0, "run": 2}} {"ts": 1793143113.624585, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "deb3927249cdf33c03013b7b7a4e74d6bd695a764fa4021758e68713bdf40dd2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6382, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 0.787, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.7001, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6563, \"target_holdings\": 5.166}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 3.89, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.89, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002245187759399414, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 1, "run": 2}} {"ts": 1793143113.6271691, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "464b20314ea9c8cb770872a009a6c551f3f522207b06fb4ff3fe0e9b6fa07eaf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6382, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.0528, \"cash\": 0.7871, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 6.7007, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6521, \"target_holdings\": 3.9633}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 2.69, \"order_type\": \"limit\", \"limit_price\": 4.6288, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.69, "order_type": "limit", "limit_price": 4.6288, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022809505462646484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 5, "run": 2}} {"ts": 1793143113.629809, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b191d764266ff8841946bc63ec79492119bc07d536e0274a52ed0d6b720482ef", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6382, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.0528, \"cash\": 6.616, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.616, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6521, \"target_holdings\": 3.9633}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 3.96, \"order_type\": \"limit\", \"limit_price\": 4.6288, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.96, "order_type": "limit", "limit_price": 4.6288, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002334117889404297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 2, "run": 2}} {"ts": 1793143113.6325052, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "deb3927249cdf33c03013b7b7a4e74d6bd695a764fa4021758e68713bdf40dd2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6382, \"dividend\": 0.049, \"rf\": 0.01, \"expected_dividend\": 0.0571, \"cash\": 0.787, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.7001, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6563, \"target_holdings\": 5.166}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 3.89, \"order_type\": \"limit\", \"limit_price\": 4.633, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.89, "order_type": "limit", "limit_price": 4.633, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002393007278442383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 7, "run": 2}} {"ts": 1793143113.63461, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f4e4eddaee09dc7e3ea62500953e020b0964ebcf084d3cb6436a95714b4a8f4f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6382, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.0505, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7548, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6498, \"target_holdings\": 3.3079}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 2.31, \"order_type\": \"limit\", \"limit_price\": 4.6266, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.31, "order_type": "limit", "limit_price": 4.6266, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017058849334716797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 6, "run": 2}} {"ts": 1793143113.636456, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a6d9527715cf1c1383e9968f26094257eed2be2af736c8183837f5d13ca77348", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6382, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.0534, \"cash\": 6.6822, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.6822, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6526, \"target_holdings\": 4.1237}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 4.12, \"order_type\": \"limit\", \"limit_price\": 4.6293, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.12, "order_type": "limit", "limit_price": 4.6293, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016512870788574219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 2, "run": 2}} {"ts": 1793143113.638243, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f4e4eddaee09dc7e3ea62500953e020b0964ebcf084d3cb6436a95714b4a8f4f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6382, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.0505, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7548, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6498, \"target_holdings\": 3.3079}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 2.31, \"order_type\": \"limit\", \"limit_price\": 4.6266, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.31, "order_type": "limit", "limit_price": 4.6266, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001615285873413086, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 3, "run": 2}} {"ts": 1793143113.640021, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f5bf330093d3435e99784e3717ff97fdd44bf01c6038b1176f058d51cd1aa3b0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6382, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.0534, \"cash\": 0.8657, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 6.7793, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6526, \"target_holdings\": 4.1237}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 2.85, \"order_type\": \"limit\", \"limit_price\": 4.6293, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.85, "order_type": "limit", "limit_price": 4.6293, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016088485717773438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 5, "run": 2}} {"ts": 1793143113.64606, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ee59f2bab04f6e12abd9615071e6f65a874ab394851ed4f4199eb6588e18b44e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6382, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.0449, \"cash\": 0.8664, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.7795, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6442, \"target_holdings\": 1.7103}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 0.44, \"order_type\": \"limit\", \"limit_price\": 4.621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.44, "order_type": "limit", "limit_price": 4.621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005878925323486328, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 4, "run": 2}} {"ts": 1793143113.6487, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f4e4eddaee09dc7e3ea62500953e020b0964ebcf084d3cb6436a95714b4a8f4f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6382, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.0505, \"cash\": 2.1167, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7548, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6498, \"target_holdings\": 3.3079}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 2.31, \"order_type\": \"limit\", \"limit_price\": 4.6266, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.31, "order_type": "limit", "limit_price": 4.6266, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023221969604492188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 0, "run": 2}} {"ts": 1793143113.650578, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "597228fd123ce782ce6bfc93bc478283f9e34b2ded5d389cf4360bb9befd0e8d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6382, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.0449, \"cash\": 0.8657, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.7787, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6442, \"target_holdings\": 1.7103}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 0.44, \"order_type\": \"limit\", \"limit_price\": 4.621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.44, "order_type": "limit", "limit_price": 4.621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016613006591796875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 1, "run": 2}} {"ts": 1793143113.652355, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "597228fd123ce782ce6bfc93bc478283f9e34b2ded5d389cf4360bb9befd0e8d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6382, \"dividend\": 0.0549, \"rf\": 0.01, \"expected_dividend\": 0.0449, \"cash\": 0.8657, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.7787, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6442, \"target_holdings\": 1.7103}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 0.44, \"order_type\": \"limit\", \"limit_price\": 4.621, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.44, "order_type": "limit", "limit_price": 4.621, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016031265258789062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 7, "run": 2}} {"ts": 1793143113.654295, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0c972a161daca635c9346dae7bd7f280f11a42f82ea27174e9e5f1c133b67e8f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6382, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0438, \"cash\": 0.9348, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.8479, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6431, \"target_holdings\": 1.4092}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 0.13, \"order_type\": \"limit\", \"limit_price\": 4.6199, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.13, "order_type": "limit", "limit_price": 4.6199, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016210079193115234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 4, "run": 2}} {"ts": 1793143113.656066, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a969507b896749c275c696776a628a71eae87d08f9ef25971f890aeadfd4dd98", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6382, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0438, \"cash\": 0.9341, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.8471, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6431, \"target_holdings\": 1.4092}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 0.13, \"order_type\": \"limit\", \"limit_price\": 4.6199, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.13, "order_type": "limit", "limit_price": 4.6199, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016069412231445312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 1, "run": 2}} {"ts": 1793143113.6578, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "526544e87b6a83a52ca23c2103cf7ec4eeb07dcbfaeefa6fefabe8dd695bb17b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6382, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0522, \"cash\": 0.9341, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 6.8477, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6515, \"target_holdings\": 3.7931}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 2.52, \"order_type\": \"limit\", \"limit_price\": 4.6282, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.52, "order_type": "limit", "limit_price": 4.6282, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015838146209716797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 5, "run": 2}} {"ts": 1793143113.664855, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a969507b896749c275c696776a628a71eae87d08f9ef25971f890aeadfd4dd98", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6382, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0438, \"cash\": 0.9341, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.8471, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6431, \"target_holdings\": 1.4092}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 0.13, \"order_type\": \"limit\", \"limit_price\": 4.6199, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.13, "order_type": "limit", "limit_price": 4.6199, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0037038326263427734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 7, "run": 2}} {"ts": 1793143113.668303, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "98d9c7cb8256592cf12b6350f7d9aea8bbcde7f3dda0d3fc3875a7cdf20a5c31", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6382, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0514, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8229, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6507, \"target_holdings\": 3.5606}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 2.56, \"order_type\": \"limit\", \"limit_price\": 4.6274, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.56, "order_type": "limit", "limit_price": 4.6274, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0029947757720947266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 3, "run": 2}} {"ts": 1793143113.671517, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "98d9c7cb8256592cf12b6350f7d9aea8bbcde7f3dda0d3fc3875a7cdf20a5c31", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6382, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0514, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8229, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6507, \"target_holdings\": 3.5606}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 2.56, \"order_type\": \"limit\", \"limit_price\": 4.6274, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.56, "order_type": "limit", "limit_price": 4.6274, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0027480125427246094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 0, "run": 2}} {"ts": 1793143113.6740391, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1b8304a40651723d3374381b2a89eee16ed50894bc4fd8c285641218b7a782f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6382, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0522, \"cash\": 6.749, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.749, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6515, \"target_holdings\": 3.7931}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 3.79, \"order_type\": \"limit\", \"limit_price\": 4.6282, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.79, "order_type": "limit", "limit_price": 4.6282, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021860599517822266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 2, "run": 2}} {"ts": 1793143113.6764202, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "98d9c7cb8256592cf12b6350f7d9aea8bbcde7f3dda0d3fc3875a7cdf20a5c31", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6382, \"dividend\": 0.0464, \"rf\": 0.01, \"expected_dividend\": 0.0514, \"cash\": 2.1847, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8229, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6507, \"target_holdings\": 3.5606}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 2.56, \"order_type\": \"limit\", \"limit_price\": 4.6274, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.56, "order_type": "limit", "limit_price": 4.6274, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020880699157714844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 6, "run": 2}} {"ts": 1793143113.6790988, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0da51e854b8dcff1efea21276718e52422509d292d25c2eee3bf4ec6f8688563", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6382, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0396, \"cash\": 1.0072, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 6.9207, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.639, \"target_holdings\": 0.2272}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"sell\", \"quantity\": 1.05, \"order_type\": \"limit\", \"limit_price\": 4.6622, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.05, "order_type": "limit", "limit_price": 4.6622, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002170085906982422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 5, "run": 2}} {"ts": 1793143113.681846, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "37cb0c82cd0407882546de8eee4efce9788d2e8e3ac4f9567d50f51dd189156f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6382, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0459, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8947, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6452, \"target_holdings\": 1.9934}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 0.99, \"order_type\": \"limit\", \"limit_price\": 4.622, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.99, "order_type": "limit", "limit_price": 4.622, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002437114715576172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 3, "run": 2}} {"ts": 1793143113.684544, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "37cb0c82cd0407882546de8eee4efce9788d2e8e3ac4f9567d50f51dd189156f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6382, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0459, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8947, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6452, \"target_holdings\": 1.9934}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 0.99, \"order_type\": \"limit\", \"limit_price\": 4.622, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.99, "order_type": "limit", "limit_price": 4.622, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022950172424316406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 0, "run": 2}} {"ts": 1793143113.6877482, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "37cb0c82cd0407882546de8eee4efce9788d2e8e3ac4f9567d50f51dd189156f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6382, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0459, \"cash\": 2.2565, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.8947, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6452, \"target_holdings\": 1.9934}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 0.99, \"order_type\": \"limit\", \"limit_price\": 4.622, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.99, "order_type": "limit", "limit_price": 4.622, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0028650760650634766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 6, "run": 2}} {"ts": 1793143113.690498, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e541831d97c7c0a53abf512e7fd5bc884fd519f81303b54536eb380e751b514", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6382, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0396, \"cash\": 6.8165, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.8165, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.639, \"target_holdings\": 0.2272}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 0.23, \"order_type\": \"limit\", \"limit_price\": 4.6158, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.23, "order_type": "limit", "limit_price": 4.6158, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023338794708251953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 2, "run": 2}} {"ts": 1793143113.693155, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ebdd3d8e7ff2cf61110092343615db31b567b818f7cb349fc5f8b25cbfc90124", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6382, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0319, \"cash\": 1.0071, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.9202, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6313, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 1.27, \"order_type\": \"limit\", \"limit_price\": 4.6545, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.27, "order_type": "limit", "limit_price": 4.6545, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023200511932373047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 7, "run": 2}} {"ts": 1793143113.695093, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ebdd3d8e7ff2cf61110092343615db31b567b818f7cb349fc5f8b25cbfc90124", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6382, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0319, \"cash\": 1.0071, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.9202, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6313, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 1.27, \"order_type\": \"limit\", \"limit_price\": 4.6545, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.27, "order_type": "limit", "limit_price": 4.6545, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016467571258544922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 1, "run": 2}} {"ts": 1793143113.698526, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ad8194eced3e70ec573b50c7e1c7564e97b7889a343cfcceb42f5be21ab74736", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6382, \"dividend\": 0.0495, \"rf\": 0.01, \"expected_dividend\": 0.0319, \"cash\": 1.0079, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.9209, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6313, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 1.27, \"order_type\": \"limit\", \"limit_price\": 4.6545, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.27, "order_type": "limit", "limit_price": 4.6545, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003236055374145508, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 4, "run": 2}} {"ts": 1793143113.701599, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "022864ca4e930071248d9d930e94b3a490c960949b3918e409f7d49d127cb023", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.0697, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.9828, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6437, \"target_holdings\": 1.5878}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 0.31, \"order_type\": \"limit\", \"limit_price\": 4.6205, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.31, "order_type": "limit", "limit_price": 4.6205, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024771690368652344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 1, "run": 2}} {"ts": 1793143113.704181, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "022864ca4e930071248d9d930e94b3a490c960949b3918e409f7d49d127cb023", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.0697, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.9828, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6437, \"target_holdings\": 1.5878}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 0.31, \"order_type\": \"limit\", \"limit_price\": 4.6205, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.31, "order_type": "limit", "limit_price": 4.6205, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002234935760498047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 7, "run": 2}} {"ts": 1793143113.7067149, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "75ba81d3ca6086c534d92dc3af355ec1515f2e251e13c3d2a5b93b35924a0d76", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0479, \"cash\": 6.8847, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.8847, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6471, \"target_holdings\": 2.5604}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 2.56, \"order_type\": \"limit\", \"limit_price\": 4.6239, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.56, "order_type": "limit", "limit_price": 4.6239, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002235889434814453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 2, "run": 2}} {"ts": 1793143113.709257, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0a23208c6872aa484e21cec58ad41b3a0829e987cdbc3576b57c442ba6517b14", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0444, \"cash\": 1.0705, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 6.9836, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6437, \"target_holdings\": 1.5878}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 0.31, \"order_type\": \"limit\", \"limit_price\": 4.6205, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.31, "order_type": "limit", "limit_price": 4.6205, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00222015380859375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 4, "run": 2}} {"ts": 1793143113.711835, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1c254b5b8ff1f0b9925f93661a4092977ad44c94e7764e4d46893db5aa43bd9b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0502, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9585, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6495, \"target_holdings\": 3.2304}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 2.23, \"order_type\": \"limit\", \"limit_price\": 4.6263, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.23, "order_type": "limit", "limit_price": 4.6263, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00226593017578125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 0, "run": 2}} {"ts": 1793143113.7141068, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1c254b5b8ff1f0b9925f93661a4092977ad44c94e7764e4d46893db5aa43bd9b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0502, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9585, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6495, \"target_holdings\": 3.2304}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 2.23, \"order_type\": \"limit\", \"limit_price\": 4.6263, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.23, "order_type": "limit", "limit_price": 4.6263, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019860267639160156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 6, "run": 2}} {"ts": 1793143113.7159889, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8bbd4e38be28620f2427e992f0df2b784d0a93ce23e71ab0f53760be4cc5c95c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0479, \"cash\": 1.0698, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 6.9834, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6471, \"target_holdings\": 2.5604}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 1.29, \"order_type\": \"limit\", \"limit_price\": 4.6239, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.29, "order_type": "limit", "limit_price": 4.6239, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016407966613769531, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 5, "run": 2}} {"ts": 1793143113.717767, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1c254b5b8ff1f0b9925f93661a4092977ad44c94e7764e4d46893db5aa43bd9b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6382, \"dividend\": 0.0408, \"rf\": 0.01, \"expected_dividend\": 0.0502, \"cash\": 2.3203, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9585, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6495, \"target_holdings\": 3.2304}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 2.23, \"order_type\": \"limit\", \"limit_price\": 4.6263, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.23, "order_type": "limit", "limit_price": 4.6263, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016019344329833984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 3, "run": 2}} {"ts": 1793143113.719785, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "55f89d9dc6185992165e82259cad5fd4c6aaa02b9f101bcd12ea43f5a0e1cab6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0554, \"cash\": 1.1497, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 7.0628, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6546, \"target_holdings\": 4.6985}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 3.42, \"order_type\": \"limit\", \"limit_price\": 4.6313, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.42, "order_type": "limit", "limit_price": 4.6313, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016655921936035156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 7, "run": 2}} {"ts": 1793143113.721542, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b2e2ad51082dffc64ff33e8fb06474702def66def8b22cf14a76f403a2df728d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0546, \"cash\": 1.1498, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 7.0634, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6538, \"target_holdings\": 4.4652}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 3.19, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.19, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001583099365234375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 5, "run": 2}} {"ts": 1793143113.724629, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "55f89d9dc6185992165e82259cad5fd4c6aaa02b9f101bcd12ea43f5a0e1cab6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0554, \"cash\": 1.1497, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 7.0628, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6546, \"target_holdings\": 4.6985}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 3.42, \"order_type\": \"limit\", \"limit_price\": 4.6313, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.42, "order_type": "limit", "limit_price": 4.6313, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0029273033142089844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 1, "run": 2}} {"ts": 1793143113.728101, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "40d681f232d3f2177518c94eb5fb9e3b7a6ec985582b477e3d3eeddc8d7abb64", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0554, \"cash\": 1.1505, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 7.0636, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6546, \"target_holdings\": 4.6985}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 3.42, \"order_type\": \"limit\", \"limit_price\": 4.6313, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.42, "order_type": "limit", "limit_price": 4.6313, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018019676208496094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 4, "run": 2}} {"ts": 1793143113.729909, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2b7e5d041cf08ff552141879a240eab0049957aba8392e35f831226522fa8a51", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0496, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.036, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6489, \"target_holdings\": 3.0551}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 2.06, \"order_type\": \"limit\", \"limit_price\": 4.6257, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.06, "order_type": "limit", "limit_price": 4.6257, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015909671783447266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 0, "run": 2}} {"ts": 1793143113.731648, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2b7e5d041cf08ff552141879a240eab0049957aba8392e35f831226522fa8a51", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0496, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.036, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6489, \"target_holdings\": 3.0551}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 2.06, \"order_type\": \"limit\", \"limit_price\": 4.6257, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.06, "order_type": "limit", "limit_price": 4.6257, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015480518341064453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 3, "run": 2}} {"ts": 1793143113.733346, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2b7e5d041cf08ff552141879a240eab0049957aba8392e35f831226522fa8a51", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0496, \"cash\": 2.3978, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.036, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6489, \"target_holdings\": 3.0551}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 2.06, \"order_type\": \"limit\", \"limit_price\": 4.6257, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.06, "order_type": "limit", "limit_price": 4.6257, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015268325805664062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 6, "run": 2}} {"ts": 1793143113.735032, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3b01263a7c864bc04b990651a3bed7c60014027983a66010e7a83cdb87fa46d7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0546, \"cash\": 6.9535, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 6.9535, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6538, \"target_holdings\": 4.4652}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 4.47, \"order_type\": \"limit\", \"limit_price\": 4.6305, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.47, "order_type": "limit", "limit_price": 4.6305, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001528024673461914, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 2, "run": 2}} {"ts": 1793143113.741005, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "abe6e87bf3e8ee58d0b753355d846250e8a4c87f0686ccdfe67827bbb9f29e1d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0592, \"cash\": 7.023, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 7.023, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6583, \"target_holdings\": 5.7458}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 5.75, \"order_type\": \"limit\", \"limit_price\": 4.635, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 5.75, "order_type": "limit", "limit_price": 4.635, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005636930465698242, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 2, "run": 2}} {"ts": 1793143113.742917, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d2a70428000498985ee070900ab4c3ed9b0723035d27da74e3d57fce692fee07", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.065, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1143, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6642, \"target_holdings\": 7.4089}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 6.41, \"order_type\": \"limit\", \"limit_price\": 4.6409, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.41, "order_type": "limit", "limit_price": 4.6409, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016429424285888672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 6, "run": 2}} {"ts": 1793143113.7446551, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "39d9600e49056f0f27c9037e86833ce3f12e685f340a2de8326ab515861cb766", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.053, \"cash\": 1.2305, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 7.1436, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6522, \"target_holdings\": 3.9984}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 2.72, \"order_type\": \"limit\", \"limit_price\": 4.6289, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.72, "order_type": "limit", "limit_price": 4.6289, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015501976013183594, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 7, "run": 2}} {"ts": 1793143113.746379, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fe188dcd1784ff3eaa7fb064ebb6d31856db40d13bdb5001474e8f59fac79f52", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.053, \"cash\": 1.2313, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 7.1443, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6522, \"target_holdings\": 3.9984}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 2.72, \"order_type\": \"limit\", \"limit_price\": 4.6289, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.72, "order_type": "limit", "limit_price": 4.6289, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015492439270019531, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 4, "run": 2}} {"ts": 1793143113.748086, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a0719b278d0bbbd44ab542fc8d7018e074ce3542b74ec7060abd95cac80e0b2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.0592, \"cash\": 1.2306, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 7.1441, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6583, \"target_holdings\": 5.7458}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 4.47, \"order_type\": \"limit\", \"limit_price\": 4.635, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.47, "order_type": "limit", "limit_price": 4.635, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015380382537841797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 5, "run": 2}} {"ts": 1793143113.752491, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d2a70428000498985ee070900ab4c3ed9b0723035d27da74e3d57fce692fee07", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.065, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1143, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6642, \"target_holdings\": 7.4089}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 6.41, \"order_type\": \"limit\", \"limit_price\": 4.6409, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.41, "order_type": "limit", "limit_price": 4.6409, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004232168197631836, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 0, "run": 2}} {"ts": 1793143113.756089, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "39d9600e49056f0f27c9037e86833ce3f12e685f340a2de8326ab515861cb766", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.053, \"cash\": 1.2305, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 7.1436, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6522, \"target_holdings\": 3.9984}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 2.72, \"order_type\": \"limit\", \"limit_price\": 4.6289, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.72, "order_type": "limit", "limit_price": 4.6289, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0030570030212402344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 1, "run": 2}} {"ts": 1793143113.759134, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d2a70428000498985ee070900ab4c3ed9b0723035d27da74e3d57fce692fee07", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6382, \"dividend\": 0.0538, \"rf\": 0.01, \"expected_dividend\": 0.065, \"cash\": 2.4762, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1143, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6642, \"target_holdings\": 7.4089}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 6.41, \"order_type\": \"limit\", \"limit_price\": 4.6409, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.41, "order_type": "limit", "limit_price": 4.6409, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025060176849365234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 3, "run": 2}} {"ts": 1793143113.76703, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0b05264a4ee2f491f233c91fc6dc077df4502c1153b94e74078a1192cd85a949", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6382, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.057, \"cash\": 1.3139, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 7.2269, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6562, \"target_holdings\": 5.1291}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"buy\", \"quantity\": 3.85, \"order_type\": \"limit\", \"limit_price\": 4.6329, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.85, "order_type": "limit", "limit_price": 4.6329, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.007119178771972656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 1, "run": 2}} {"ts": 1793143113.7706618, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cc4eaa332416811a2d106f843c34cb7c07c257ac125f26ac00eb8b7996e24882", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6382, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0562, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1948, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6554, \"target_holdings\": 4.9122}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"buy\", \"quantity\": 3.91, \"order_type\": \"limit\", \"limit_price\": 4.6321, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.91, "order_type": "limit", "limit_price": 4.6321, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020520687103271484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 0, "run": 2}} {"ts": 1793143113.772664, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1f9a15747ba9934e006c25357e85290ac84a5fac74d13bf13bbb5303d2a989df", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6382, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.057, \"cash\": 1.3147, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 7.2277, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6562, \"target_holdings\": 5.1291}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"buy\", \"quantity\": 3.85, \"order_type\": \"limit\", \"limit_price\": 4.6329, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.85, "order_type": "limit", "limit_price": 4.6329, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017399787902832031, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 4, "run": 2}} {"ts": 1793143113.774845, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cc4eaa332416811a2d106f843c34cb7c07c257ac125f26ac00eb8b7996e24882", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6382, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0562, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1948, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6554, \"target_holdings\": 4.9122}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"buy\", \"quantity\": 3.91, \"order_type\": \"limit\", \"limit_price\": 4.6321, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.91, "order_type": "limit", "limit_price": 4.6321, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019550323486328125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 6, "run": 2}} {"ts": 1793143113.777094, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ddb353b7defa3d28d697f4040113ddada698a87aabd85a5147144b892fee1247", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6382, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0512, \"cash\": 7.0933, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 7.0933, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6505, \"target_holdings\": 3.5138}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 3.51, \"order_type\": \"limit\", \"limit_price\": 4.6272, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.51, "order_type": "limit", "limit_price": 4.6272, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020551681518554688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 2, "run": 2}} {"ts": 1793143113.779499, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "58d20b497f83805fea583b38f6d8bf4e96496c37e55c83a9305d87f312739a39", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6382, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0512, \"cash\": 1.314, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 7.2275, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6505, \"target_holdings\": 3.5138}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 2.24, \"order_type\": \"limit\", \"limit_price\": 4.6272, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.24, "order_type": "limit", "limit_price": 4.6272, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002187013626098633, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 5, "run": 2}} {"ts": 1793143113.7814798, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cc4eaa332416811a2d106f843c34cb7c07c257ac125f26ac00eb8b7996e24882", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6382, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.0562, \"cash\": 2.5567, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1948, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6554, \"target_holdings\": 4.9122}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"buy\", \"quantity\": 3.91, \"order_type\": \"limit\", \"limit_price\": 4.6321, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.91, "order_type": "limit", "limit_price": 4.6321, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017731189727783203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 3, "run": 2}} {"ts": 1793143113.783403, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0b05264a4ee2f491f233c91fc6dc077df4502c1153b94e74078a1192cd85a949", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6382, \"dividend\": 0.0552, \"rf\": 0.01, \"expected_dividend\": 0.057, \"cash\": 1.3139, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 7.2269, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6562, \"target_holdings\": 5.1291}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"buy\", \"quantity\": 3.85, \"order_type\": \"limit\", \"limit_price\": 4.6329, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.85, "order_type": "limit", "limit_price": 4.6329, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017447471618652344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 7, "run": 2}} {"ts": 1793143113.785547, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e0406f7be48846ce0bb0da07ee7f1f45c61f017f7094bc8d6fa4c2acf82e80af", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6382, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 1.4001, \"holdings\": 1.275, \"loan\": 0.0, \"equity\": 7.3137, \"margin\": 0.5, \"loan_capacity\": 2.9568, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6476, \"target_holdings\": 2.6865}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2005, "response": "{\"side\": \"buy\", \"quantity\": 1.41, \"order_type\": \"limit\", \"limit_price\": 4.6244, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.41, "order_type": "limit", "limit_price": 4.6244, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017840862274169922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 5, "run": 2}} {"ts": 1793143113.7874691, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fb386b172a26dd5f56d1798bd2e3e7f355f2745e54d283a921c107b083b26c98", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6382, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0422, \"cash\": 1.4, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 7.3131, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6415, \"target_holdings\": 0.9597}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2007, "response": "{\"side\": \"sell\", \"quantity\": 0.32, \"order_type\": \"limit\", \"limit_price\": 4.6647, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.32, "order_type": "limit", "limit_price": 4.6647, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017490386962890625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 7, "run": 2}} {"ts": 1793143113.7933838, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d5d82d566c34fcc5e237e6d8cb029ba5f10d407c479ede8ec83d37cb04e4106c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6382, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0422, \"cash\": 1.4008, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 7.3139, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6415, \"target_holdings\": 0.9597}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2004, "response": "{\"side\": \"sell\", \"quantity\": 0.32, \"order_type\": \"limit\", \"limit_price\": 4.6647, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.32, "order_type": "limit", "limit_price": 4.6647, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004859209060668945, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 4, "run": 2}} {"ts": 1793143113.7954829, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "404fa4f3fb05f09dcb5922192271379ccfcf28dc48c20d1ce2a70d6c142e28ec", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6382, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0376, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2777, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.637, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6602, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6602, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018019676208496094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 6, "run": 2}} {"ts": 1793143113.7974029, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "75c85046b84217241d64679f7e53a683af001f317c98c6db0bfa8ec9e4d79a0d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6382, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0483, \"cash\": 7.1642, \"holdings\": 0.0, \"loan\": 0.0, \"equity\": 7.1642, \"margin\": 0.5, \"loan_capacity\": 0.0, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6476, \"target_holdings\": 2.6865}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2002, "response": "{\"side\": \"buy\", \"quantity\": 2.69, \"order_type\": \"limit\", \"limit_price\": 4.6244, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.69, "order_type": "limit", "limit_price": 4.6244, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017290115356445312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 2, "run": 2}} {"ts": 1793143113.799285, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fb386b172a26dd5f56d1798bd2e3e7f355f2745e54d283a921c107b083b26c98", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6382, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0422, \"cash\": 1.4, \"holdings\": 1.2749, \"loan\": 0.0, \"equity\": 7.3131, \"margin\": 0.5, \"loan_capacity\": 2.9565, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.6415, \"target_holdings\": 0.9597}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2001, "response": "{\"side\": \"sell\", \"quantity\": 0.32, \"order_type\": \"limit\", \"limit_price\": 4.6647, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.32, "order_type": "limit", "limit_price": 4.6647, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001687765121459961, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 1, "run": 2}} {"ts": 1793143113.803057, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "404fa4f3fb05f09dcb5922192271379ccfcf28dc48c20d1ce2a70d6c142e28ec", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6382, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0376, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2777, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.637, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6602, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6602, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0035881996154785156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 0, "run": 2}} {"ts": 1793143113.805761, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "404fa4f3fb05f09dcb5922192271379ccfcf28dc48c20d1ce2a70d6c142e28ec", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6382, \"dividend\": 0.0567, \"rf\": 0.01, \"expected_dividend\": 0.0376, \"cash\": 2.6395, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2777, \"margin\": 0.5, \"loan_capacity\": 2.3191, \"history\": [4.6382, 4.6382, 4.6382, 4.6382, 4.6382], \"own_valuation\": 4.637, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 2003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6602, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6602, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023031234741210938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 3, "run": 2}} {"ts": 1793143113.8109848, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "da35b888fa76b77f090689edd976011b395d068b6c07e5cfda3f9a708d27994d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0379, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6373, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6605, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6605, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002351045608520508, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 2, "run": 3}} {"ts": 1793143113.8136032, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b48fa7ae97f8a1d0fb363e9f8a4d93045799058ed7ecff930a27ae14a8a04f9f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0419, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6412, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6644, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6644, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022840499877929688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 7, "run": 3}} {"ts": 1793143113.816268, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7de07acb8ff70e80d82fa124c1ff8df37d9ab67790dfd4e10dcf782effefe7c3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0356, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.635, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6582, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6582, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023469924926757812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 6, "run": 3}} {"ts": 1793143113.818333, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b48fa7ae97f8a1d0fb363e9f8a4d93045799058ed7ecff930a27ae14a8a04f9f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0419, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6412, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6644, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6644, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001753091812133789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 4, "run": 3}} {"ts": 1793143113.8203928, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7de07acb8ff70e80d82fa124c1ff8df37d9ab67790dfd4e10dcf782effefe7c3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0356, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.635, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6582, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6582, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018641948699951172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 3, "run": 3}} {"ts": 1793143113.822284, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "da35b888fa76b77f090689edd976011b395d068b6c07e5cfda3f9a708d27994d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0379, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6373, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6605, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6605, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001672983169555664, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 5, "run": 3}} {"ts": 1793143113.8240871, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7de07acb8ff70e80d82fa124c1ff8df37d9ab67790dfd4e10dcf782effefe7c3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0356, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.635, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6582, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6582, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016219615936279297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 0, "run": 3}} {"ts": 1793143113.825896, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b48fa7ae97f8a1d0fb363e9f8a4d93045799058ed7ecff930a27ae14a8a04f9f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 0, \"price\": 4.6458, \"dividend\": 0.0704, \"rf\": 0.01, \"expected_dividend\": 0.0419, \"cash\": 1.0811, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7269, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6412, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6644, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6644, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016548633575439453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 1, "run": 3}} {"ts": 1793143113.8318348, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c60e929041e579fcc0fdb27b03a22a18ab9c3d7d49fe5955d7c67c0bd2400797", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0386, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.638, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6612, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6612, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003154754638671875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 6, "run": 3}} {"ts": 1793143113.834862, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b186dd18c703f58681e4340fc63a6cb65b80ed4190659301b49d8720d1ca784b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0446, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6439, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6671, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6671, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025429725646972656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 7, "run": 3}} {"ts": 1793143113.8374112, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "65bc6f02d35e730a43ad193c95005a48aa4cd392b15bc7ba96c18804ee053929", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0451, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6444, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6676, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6676, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022110939025878906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 2, "run": 3}} {"ts": 1793143113.839355, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c60e929041e579fcc0fdb27b03a22a18ab9c3d7d49fe5955d7c67c0bd2400797", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0386, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.638, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6612, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6612, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017011165618896484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 3, "run": 3}} {"ts": 1793143113.841221, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "65bc6f02d35e730a43ad193c95005a48aa4cd392b15bc7ba96c18804ee053929", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0451, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6444, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6676, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6676, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016829967498779297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 5, "run": 3}} {"ts": 1793143113.843044, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b186dd18c703f58681e4340fc63a6cb65b80ed4190659301b49d8720d1ca784b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0446, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6439, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6671, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6671, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016508102416992188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 4, "run": 3}} {"ts": 1793143113.84484, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b186dd18c703f58681e4340fc63a6cb65b80ed4190659301b49d8720d1ca784b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0446, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6439, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6671, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6671, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016326904296875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 1, "run": 3}} {"ts": 1793143113.8468301, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c60e929041e579fcc0fdb27b03a22a18ab9c3d7d49fe5955d7c67c0bd2400797", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 1, \"price\": 4.6458, \"dividend\": 0.0346, \"rf\": 0.01, \"expected_dividend\": 0.0386, \"cash\": 1.1269, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7727, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.638, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6612, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6612, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00177001953125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 0, "run": 3}} {"ts": 1793143113.8488681, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "caf975b654f97d9a6832cec8d2861f3024ea2a2c12ff5842877db83bcea6b154", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0462, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6455, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6687, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6687, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016810894012451172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 2, "run": 3}} {"ts": 1793143113.850671, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a7312b6298df445d5f43b2c1d3b1d20992b670d078270e550cd1212ede7277ff", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0441, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001644134521484375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 6, "run": 3}} {"ts": 1793143113.8526, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "497e10eed8833f0616a1f8cb40d1686972cbfde8db1fc687bdf35f05f2092cb1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0388, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6382, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6614, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6614, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017611980438232422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 4, "run": 3}} {"ts": 1793143113.854604, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "caf975b654f97d9a6832cec8d2861f3024ea2a2c12ff5842877db83bcea6b154", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0462, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6455, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6687, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6687, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017588138580322266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 5, "run": 3}} {"ts": 1793143113.856537, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "497e10eed8833f0616a1f8cb40d1686972cbfde8db1fc687bdf35f05f2092cb1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0388, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6382, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6614, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6614, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001712799072265625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 7, "run": 3}} {"ts": 1793143113.8583722, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a7312b6298df445d5f43b2c1d3b1d20992b670d078270e550cd1212ede7277ff", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0441, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001661062240600586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 0, "run": 3}} {"ts": 1793143113.860184, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a7312b6298df445d5f43b2c1d3b1d20992b670d078270e550cd1212ede7277ff", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0441, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6435, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6667, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6667, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001644134521484375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 3, "run": 3}} {"ts": 1793143113.862014, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "497e10eed8833f0616a1f8cb40d1686972cbfde8db1fc687bdf35f05f2092cb1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 2, \"price\": 4.6458, \"dividend\": 0.0465, \"rf\": 0.01, \"expected_dividend\": 0.0388, \"cash\": 1.1852, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8309, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6382, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6614, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6614, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016667842864990234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 1, "run": 3}} {"ts": 1793143113.867599, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0909541e000bad9c40350b4d4a003c1cee3c5367468663d9aebd9f9aab7c7f01", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0381, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6375, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6607, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6607, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005243778228759766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 1, "run": 3}} {"ts": 1793143113.8708632, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b102d1c5fd27f5564f09d926d0918709f6303ac4450d47acc6ef6ee0c1fa3cb5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.04, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6394, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6626, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6626, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002807140350341797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 5, "run": 3}} {"ts": 1793143113.873712, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f337898c4bc524a316b2e4b1b9e9ff0556213955e2240bf39e2b85de7f72106b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0456, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6449, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6681, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6681, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002357959747314453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 3, "run": 3}} {"ts": 1793143113.876252, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f337898c4bc524a316b2e4b1b9e9ff0556213955e2240bf39e2b85de7f72106b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0456, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6449, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6681, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6681, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022149085998535156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 6, "run": 3}} {"ts": 1793143113.879616, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0909541e000bad9c40350b4d4a003c1cee3c5367468663d9aebd9f9aab7c7f01", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0381, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6375, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6607, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6607, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0030548572540283203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 7, "run": 3}} {"ts": 1793143113.882539, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b102d1c5fd27f5564f09d926d0918709f6303ac4450d47acc6ef6ee0c1fa3cb5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.04, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6394, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6626, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6626, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002568960189819336, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 2, "run": 3}} {"ts": 1793143113.88449, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f337898c4bc524a316b2e4b1b9e9ff0556213955e2240bf39e2b85de7f72106b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0456, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6449, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6681, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6681, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001699686050415039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 0, "run": 3}} {"ts": 1793143113.8863602, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0909541e000bad9c40350b4d4a003c1cee3c5367468663d9aebd9f9aab7c7f01", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 3, \"price\": 4.6458, \"dividend\": 0.0426, \"rf\": 0.01, \"expected_dividend\": 0.0381, \"cash\": 1.24, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6375, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6607, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6607, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016760826110839844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 4, "run": 3}} {"ts": 1793143113.888354, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecbff8402dd27fa54384de7b0a48cab34cd7aa7ed928fef407dfe812c5ebd0ab", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0438, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6432, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001653909683227539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 6, "run": 3}} {"ts": 1793143113.893842, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "81c411ddce5aded23740b12712dd5dbe31a3727be7a7ff6f38a47747030697d8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0419, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6412, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6644, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6644, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002338886260986328, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 4, "run": 3}} {"ts": 1793143113.896424, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "81c411ddce5aded23740b12712dd5dbe31a3727be7a7ff6f38a47747030697d8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0419, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6412, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6644, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6644, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022592544555664062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 7, "run": 3}} {"ts": 1793143113.8989818, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecbff8402dd27fa54384de7b0a48cab34cd7aa7ed928fef407dfe812c5ebd0ab", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0438, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6432, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022420883178710938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 3, "run": 3}} {"ts": 1793143113.9027698, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "81c411ddce5aded23740b12712dd5dbe31a3727be7a7ff6f38a47747030697d8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0419, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6412, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6644, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6644, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0033566951751708984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 1, "run": 3}} {"ts": 1793143113.905549, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "24d12360d6b9021c977071725ca5095cea9fb6043c6d571a6453d693768fa0b3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0511, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6504, \"target_holdings\": 1.3192}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 0.32, \"order_type\": \"limit\", \"limit_price\": 4.6271, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.32, "order_type": "limit", "limit_price": 4.6271, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002335071563720703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 2, "run": 3}} {"ts": 1793143113.9082549, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecbff8402dd27fa54384de7b0a48cab34cd7aa7ed928fef407dfe812c5ebd0ab", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0438, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6432, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6664, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6664, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023751258850097656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 0, "run": 3}} {"ts": 1793143113.9103098, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "24d12360d6b9021c977071725ca5095cea9fb6043c6d571a6453d693768fa0b3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 4, \"price\": 4.6458, \"dividend\": 0.0418, \"rf\": 0.01, \"expected_dividend\": 0.0511, \"cash\": 1.2946, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9403, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6504, \"target_holdings\": 1.3192}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 0.32, \"order_type\": \"limit\", \"limit_price\": 4.6271, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.32, "order_type": "limit", "limit_price": 4.6271, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017452239990234375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 5, "run": 3}} {"ts": 1793143113.916491, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "65868e4cb0455973c91be6170b76c17d981fdbf9505768d31ee9e508e2ab6c3e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0315, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.631, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6542, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6542, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005789995193481445, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 3, "run": 3}} {"ts": 1793143113.9194539, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f77e8ac5b57715e213e82a1ad06f8dff9271beac22104803e82bf08f5f474fed", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0275, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.627, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6501, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6501, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002437114715576172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 5, "run": 3}} {"ts": 1793143113.922088, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "662b537f9d826a9dd562cd273e1831c1a513bcc96c9941b60b1b155aafa10fbd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0267, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6261, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6492, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6492, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022640228271484375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 1, "run": 3}} {"ts": 1793143113.92463, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "65868e4cb0455973c91be6170b76c17d981fdbf9505768d31ee9e508e2ab6c3e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0315, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.631, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6542, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6542, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022199153900146484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 0, "run": 3}} {"ts": 1793143113.9272032, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f77e8ac5b57715e213e82a1ad06f8dff9271beac22104803e82bf08f5f474fed", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0275, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.627, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6501, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6501, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022788047790527344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 2, "run": 3}} {"ts": 1793143113.929779, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "65868e4cb0455973c91be6170b76c17d981fdbf9505768d31ee9e508e2ab6c3e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0315, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.631, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6542, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6542, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002257108688354492, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 6, "run": 3}} {"ts": 1793143113.932339, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "662b537f9d826a9dd562cd273e1831c1a513bcc96c9941b60b1b155aafa10fbd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0267, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6261, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6492, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6492, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00225830078125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 4, "run": 3}} {"ts": 1793143113.934317, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "662b537f9d826a9dd562cd273e1831c1a513bcc96c9941b60b1b155aafa10fbd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 5, \"price\": 4.6458, \"dividend\": 0.0437, \"rf\": 0.01, \"expected_dividend\": 0.0267, \"cash\": 1.3517, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9974, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6261, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6492, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6492, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0017211437225341797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 7, "run": 3}} {"ts": 1793143113.9367092, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9941dfb8eff0e7ec60eaa6b10a92925cefd09f8c2fdae7dd7b118079b6762676", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0358, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6352, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6584, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6584, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020270347595214844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 2, "run": 3}} {"ts": 1793143113.939788, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "033cefc405e61e76873f36551e9a813d0953bab1abd9d303272cc6e9b101cf24", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0362, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6356, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6588, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6588, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002663135528564453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 0, "run": 3}} {"ts": 1793143113.9427688, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9941dfb8eff0e7ec60eaa6b10a92925cefd09f8c2fdae7dd7b118079b6762676", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0358, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6352, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6584, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6584, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002474069595336914, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 5, "run": 3}} {"ts": 1793143113.9454432, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "033cefc405e61e76873f36551e9a813d0953bab1abd9d303272cc6e9b101cf24", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0362, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6356, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6588, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6588, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022687911987304688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 3, "run": 3}} {"ts": 1793143113.948836, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "033cefc405e61e76873f36551e9a813d0953bab1abd9d303272cc6e9b101cf24", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0362, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6356, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6588, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6588, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0030558109283447266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 6, "run": 3}} {"ts": 1793143113.950706, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "372407e29613a63960aaaa7d7718a3c10473096e231aec6860ce8d6e091a00e5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0457, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.645, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6682, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6682, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016281604766845703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 7, "run": 3}} {"ts": 1793143113.9524748, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "372407e29613a63960aaaa7d7718a3c10473096e231aec6860ce8d6e091a00e5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0457, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.645, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6682, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6682, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001583099365234375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 1, "run": 3}} {"ts": 1793143113.954209, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "372407e29613a63960aaaa7d7718a3c10473096e231aec6860ce8d6e091a00e5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 6, \"price\": 4.6458, \"dividend\": 0.0267, \"rf\": 0.01, \"expected_dividend\": 0.0457, \"cash\": 1.3921, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0379, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.645, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6682, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6682, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015628337860107422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 4, "run": 3}} {"ts": 1793143113.9561431, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "94ab2b755da019aea9a50b8964db22e11087e12b1c57357cba3e6565188ef1f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0366, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.636, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6592, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6592, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001611948013305664, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 3, "run": 3}} {"ts": 1793143113.960626, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "47a77a16ec304101230c30f4c232e09fd7fc5bd703d84576b549d42dbd7f414c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0381, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6375, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6607, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6607, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004290103912353516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 1, "run": 3}} {"ts": 1793143113.9637601, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "94ab2b755da019aea9a50b8964db22e11087e12b1c57357cba3e6565188ef1f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0366, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.636, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6592, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6592, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0027120113372802734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 6, "run": 3}} {"ts": 1793143113.9674828, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "47a77a16ec304101230c30f4c232e09fd7fc5bd703d84576b549d42dbd7f414c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0381, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6375, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6607, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6607, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003259897232055664, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 4, "run": 3}} {"ts": 1793143113.972838, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "45f1a86c89822d948fae62c93adc517569fc7faead712367a856ccc4979831bd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0359, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6353, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6585, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6585, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004832029342651367, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 2, "run": 3}} {"ts": 1793143113.975395, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "94ab2b755da019aea9a50b8964db22e11087e12b1c57357cba3e6565188ef1f1", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0366, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.636, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6592, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6592, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020279884338378906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 0, "run": 3}} {"ts": 1793143113.977262, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "47a77a16ec304101230c30f4c232e09fd7fc5bd703d84576b549d42dbd7f414c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0381, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6375, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6607, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6607, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016376972198486328, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 7, "run": 3}} {"ts": 1793143113.9790459, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "45f1a86c89822d948fae62c93adc517569fc7faead712367a856ccc4979831bd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 7, \"price\": 4.6458, \"dividend\": 0.036, \"rf\": 0.01, \"expected_dividend\": 0.0359, \"cash\": 1.4424, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0882, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6353, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6585, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6585, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015861988067626953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 5, "run": 3}} {"ts": 1793143113.9811041, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e17227f98569fab42ef23b8f3a9965c2eec4b294abebaf30e4dd749858c011f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0666, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6657, \"target_holdings\": 5.6958}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 4.7, \"order_type\": \"limit\", \"limit_price\": 4.6424, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.7, "order_type": "limit", "limit_price": 4.6424, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001725912094116211, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 7, "run": 3}} {"ts": 1793143113.98642, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "42e639a654c611d67e2ddc4a1dea961cce13ec585c6dd34b2a2a55b02f4e3995", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0717, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6708, \"target_holdings\": 7.1363}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 6.14, \"order_type\": \"limit\", \"limit_price\": 4.6474, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.14, "order_type": "limit", "limit_price": 4.6474, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005128145217895508, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 2, "run": 3}} {"ts": 1793143113.989142, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "628662d11f94e4528a7af712b6db50300d3742a1db93dedd0209d1a7ce875683", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0779, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6769, \"target_holdings\": 8.8712}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 7.87, \"order_type\": \"limit\", \"limit_price\": 4.6535, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 7.87, "order_type": "limit", "limit_price": 4.6535, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002321958541870117, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 3, "run": 3}} {"ts": 1793143113.991811, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e17227f98569fab42ef23b8f3a9965c2eec4b294abebaf30e4dd749858c011f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0666, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6657, \"target_holdings\": 5.6958}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 4.7, \"order_type\": \"limit\", \"limit_price\": 4.6424, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.7, "order_type": "limit", "limit_price": 4.6424, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023260116577148438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 1, "run": 3}} {"ts": 1793143113.9943948, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "628662d11f94e4528a7af712b6db50300d3742a1db93dedd0209d1a7ce875683", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0779, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6769, \"target_holdings\": 8.8712}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 7.87, \"order_type\": \"limit\", \"limit_price\": 4.6535, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 7.87, "order_type": "limit", "limit_price": 4.6535, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022530555725097656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 6, "run": 3}} {"ts": 1793143114.002497, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "42e639a654c611d67e2ddc4a1dea961cce13ec585c6dd34b2a2a55b02f4e3995", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0717, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6708, \"target_holdings\": 7.1363}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 6.14, \"order_type\": \"limit\", \"limit_price\": 4.6474, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 6.14, "order_type": "limit", "limit_price": 4.6474, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.007788896560668945, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 5, "run": 3}} {"ts": 1793143114.00541, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e17227f98569fab42ef23b8f3a9965c2eec4b294abebaf30e4dd749858c011f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0666, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6657, \"target_holdings\": 5.6958}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 4.7, \"order_type\": \"limit\", \"limit_price\": 4.6424, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.7, "order_type": "limit", "limit_price": 4.6424, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0025017261505126953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 4, "run": 3}} {"ts": 1793143114.007275, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "628662d11f94e4528a7af712b6db50300d3742a1db93dedd0209d1a7ce875683", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 8, \"price\": 4.6458, \"dividend\": 0.0344, \"rf\": 0.01, \"expected_dividend\": 0.0779, \"cash\": 1.4916, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1373, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6769, \"target_holdings\": 8.8712}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 7.87, \"order_type\": \"limit\", \"limit_price\": 4.6535, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 7.87, "order_type": "limit", "limit_price": 4.6535, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016200542449951172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 8, "agent": 0, "run": 3}} {"ts": 1793143114.009283, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "820352320499d457d2781ff86944aab47d21473ab6f02f76c36336a3581fb257", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6492, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0598, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2318, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6492], \"own_valuation\": 4.659, \"target_holdings\": 2.7873}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 1.79, \"order_type\": \"limit\", \"limit_price\": 4.6357, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.79, "order_type": "limit", "limit_price": 4.6357, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016050338745117188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 5, "run": 3}} {"ts": 1793143114.01331, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "adb5705fbc72580a2a3b8684082f8142c3530b2b594dda414f0f99a34ea3d9a0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6492, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.067, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2318, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6492], \"own_valuation\": 4.6661, \"target_holdings\": 4.8173}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 3.82, \"order_type\": \"limit\", \"limit_price\": 4.6428, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.82, "order_type": "limit", "limit_price": 4.6428, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0038518905639648438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 1, "run": 3}} {"ts": 1793143114.0161228, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "adb5705fbc72580a2a3b8684082f8142c3530b2b594dda414f0f99a34ea3d9a0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6492, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.067, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2318, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6492], \"own_valuation\": 4.6661, \"target_holdings\": 4.8173}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 3.82, \"order_type\": \"limit\", \"limit_price\": 4.6428, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.82, "order_type": "limit", "limit_price": 4.6428, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002362966537475586, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 4, "run": 3}} {"ts": 1793143114.018794, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3db2fa2e115802abb0b65f0ef747aa261e2b5cc9948e62fe382ce028b5cbf6d6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6492, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0652, \"cash\": 0.102, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.2406, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6492], \"own_valuation\": 4.6643, \"target_holdings\": 4.2971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 2.98, \"order_type\": \"limit\", \"limit_price\": 4.641, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.98, "order_type": "limit", "limit_price": 4.641, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023221969604492188, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 6, "run": 3}} {"ts": 1793143114.0213912, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "adb5705fbc72580a2a3b8684082f8142c3530b2b594dda414f0f99a34ea3d9a0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6492, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.067, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2318, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6492], \"own_valuation\": 4.6661, \"target_holdings\": 4.8173}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 3.82, \"order_type\": \"limit\", \"limit_price\": 4.6428, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 3.82, "order_type": "limit", "limit_price": 4.6428, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002276897430419922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 7, "run": 3}} {"ts": 1793143114.024721, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "820352320499d457d2781ff86944aab47d21473ab6f02f76c36336a3581fb257", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6492, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0598, \"cash\": 1.5826, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.2318, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6492], \"own_valuation\": 4.659, \"target_holdings\": 2.7873}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 1.79, \"order_type\": \"limit\", \"limit_price\": 4.6357, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.79, "order_type": "limit", "limit_price": 4.6357, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0030050277709960938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 2, "run": 3}} {"ts": 1793143114.02762, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ec3ab9c5790e5c8df8bce0a877e86e694ef867c9418a2702235dc57f956c9a40", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6492, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0652, \"cash\": 0.1023, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.2409, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6492], \"own_valuation\": 4.6643, \"target_holdings\": 4.2971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 2.98, \"order_type\": \"limit\", \"limit_price\": 4.641, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.98, "order_type": "limit", "limit_price": 4.641, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002512216567993164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 3, "run": 3}} {"ts": 1793143114.0294778, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a321bae70a9fa2a0f84acd18258d691053564e5ef27f856397176be19b17281c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 9, \"price\": 4.6492, \"dividend\": 0.0754, \"rf\": 0.01, \"expected_dividend\": 0.0652, \"cash\": 0.1016, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.2402, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6492], \"own_valuation\": 4.6643, \"target_holdings\": 4.2971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 2.98, \"order_type\": \"limit\", \"limit_price\": 4.641, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.98, "order_type": "limit", "limit_price": 4.641, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016319751739501953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 9, "agent": 0, "run": 3}} {"ts": 1793143114.0314748, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3b85f4f1e05f38f3305d003413c6fa16836ebf3bcb24cf02e29e9e563b51b022", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6492, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0548, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3133, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6458, 4.6492, 4.6492], \"own_valuation\": 4.654, \"target_holdings\": 1.3739}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 0.37, \"order_type\": \"limit\", \"limit_price\": 4.6307, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.37, "order_type": "limit", "limit_price": 4.6307, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016512870788574219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 2, "run": 3}} {"ts": 1793143114.035135, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4bae93227205219ad8e857ff4030b90dc3ef402fe54ffd207acf8d6f4499d3d9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6492, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0542, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3133, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6458, 4.6492, 4.6492], \"own_valuation\": 4.6534, \"target_holdings\": 1.1981}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 0.2, \"order_type\": \"limit\", \"limit_price\": 4.6301, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.2, "order_type": "limit", "limit_price": 4.6301, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0034759044647216797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 4, "run": 3}} {"ts": 1793143114.038471, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4bae93227205219ad8e857ff4030b90dc3ef402fe54ffd207acf8d6f4499d3d9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6492, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0542, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3133, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6458, 4.6492, 4.6492], \"own_valuation\": 4.6534, \"target_holdings\": 1.1981}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 0.2, \"order_type\": \"limit\", \"limit_price\": 4.6301, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.2, "order_type": "limit", "limit_price": 4.6301, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002832174301147461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 7, "run": 3}} {"ts": 1793143114.040433, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4bae93227205219ad8e857ff4030b90dc3ef402fe54ffd207acf8d6f4499d3d9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6492, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0542, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3133, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6458, 4.6492, 4.6492], \"own_valuation\": 4.6534, \"target_holdings\": 1.1981}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 0.2, \"order_type\": \"limit\", \"limit_price\": 4.6301, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.2, "order_type": "limit", "limit_price": 4.6301, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001708984375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 1, "run": 3}} {"ts": 1793143114.04228, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1b7702e6d0dcc355f8641d8eeee61eb029c271020ddf9bb8cc7a23f08ef3528a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6492, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0617, \"cash\": 0.19, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.3286, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6458, 4.6458, 4.6458, 4.6492, 4.6492], \"own_valuation\": 4.6609, \"target_holdings\": 3.3318}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.6376, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.6376, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016560554504394531, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 3, "run": 3}} {"ts": 1793143114.044068, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d1018d444ffe060112ebb590530b59c8c0ac66889ec250704479d9f8324ef9fd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6492, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0617, \"cash\": 0.1896, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.3283, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6458, 4.6458, 4.6458, 4.6492, 4.6492], \"own_valuation\": 4.6609, \"target_holdings\": 3.3318}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.6376, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.6376, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016169548034667969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 6, "run": 3}} {"ts": 1793143114.049353, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f90244a73dab6e93a66a4810485970d046bb96068b4f9ec1d2ca84892fbd3ea8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6492, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0617, \"cash\": 0.1892, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.3278, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6458, 4.6458, 4.6458, 4.6492, 4.6492], \"own_valuation\": 4.6609, \"target_holdings\": 3.3318}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 2.01, \"order_type\": \"limit\", \"limit_price\": 4.6376, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.01, "order_type": "limit", "limit_price": 4.6376, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00510096549987793, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 0, "run": 3}} {"ts": 1793143114.052118, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3b85f4f1e05f38f3305d003413c6fa16836ebf3bcb24cf02e29e9e563b51b022", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 10, \"price\": 4.6492, \"dividend\": 0.065, \"rf\": 0.01, \"expected_dividend\": 0.0548, \"cash\": 1.6641, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3133, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6458, 4.6492, 4.6492], \"own_valuation\": 4.654, \"target_holdings\": 1.3739}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 0.37, \"order_type\": \"limit\", \"limit_price\": 4.6307, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.37, "order_type": "limit", "limit_price": 4.6307, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023338794708251953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 10, "agent": 5, "run": 3}} {"ts": 1793143114.055043, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "44fb03a5411d69831f1df42c3aed876653fa5393972e72b157d4f3d63419e16c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6492, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3844, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6512, \"target_holdings\": 0.58}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 0.42, \"order_type\": \"limit\", \"limit_price\": 4.6745, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.42, "order_type": "limit", "limit_price": 4.6745, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002351999282836914, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 2, "run": 3}} {"ts": 1793143114.057736, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2ca657704581f7dfd459ef408f6c5975120006adadc829ebfad7c69e24b499dd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6492, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 0.2631, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.4017, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6458, 4.6458, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002357959747314453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 0, "run": 3}} {"ts": 1793143114.060451, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "580d022a9349051e46f703b18a6575bf7ea917b0b6c1c69378b3f17919fc3608", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6492, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 0.2635, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.4021, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6458, 4.6458, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002382993698120117, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 6, "run": 3}} {"ts": 1793143114.063061, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "44fb03a5411d69831f1df42c3aed876653fa5393972e72b157d4f3d63419e16c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6492, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.052, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3844, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6512, \"target_holdings\": 0.58}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 0.42, \"order_type\": \"limit\", \"limit_price\": 4.6745, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.42, "order_type": "limit", "limit_price": 4.6745, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022897720336914062, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 5, "run": 3}} {"ts": 1793143114.065731, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3640cf6fc3a8b7a49c0e090b26d467a903b31d2d381f269cff0e8f460d9a3e4e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6492, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.046, \"cash\": 0.2638, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.4024, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6458, 4.6458, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6453, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6685, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6685, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002363920211791992, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 3, "run": 3}} {"ts": 1793143114.068139, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "47ea767961964c452b58d08325c6e0e09cf8a577052a352986f45c7656fc0eb5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6492, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0468, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3844, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6461, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6693, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6693, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021080970764160156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 1, "run": 3}} {"ts": 1793143114.0700119, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "47ea767961964c452b58d08325c6e0e09cf8a577052a352986f45c7656fc0eb5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6492, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0468, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3844, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6461, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6693, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6693, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016438961029052734, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 7, "run": 3}} {"ts": 1793143114.0717921, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "47ea767961964c452b58d08325c6e0e09cf8a577052a352986f45c7656fc0eb5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 11, \"price\": 4.6492, \"dividend\": 0.054, \"rf\": 0.01, \"expected_dividend\": 0.0468, \"cash\": 1.7352, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.3844, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6458, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6461, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6693, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6693, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016088485717773438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 11, "agent": 4, "run": 3}} {"ts": 1793143114.0737731, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b051b31b654eaf064303f5dd5464ea92ddfadb7de2c5eed6896aa47172d6142d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6492, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0473, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4514, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6465, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016450881958007812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 1, "run": 3}} {"ts": 1793143114.075552, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8ed5598168c59db4334069ab032b50f440b0e011aad66daa0dcebecb55ae50f3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6492, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0482, \"cash\": 0.3317, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.4703, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6458, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6475, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6707, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6707, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00160980224609375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 6, "run": 3}} {"ts": 1793143114.0773382, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5d55edb6a321f44e94a33d40568e78fb3ad1b1fbbf9317cbf0feacdc2200a2f0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6492, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0482, \"cash\": 0.332, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.4706, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6458, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6475, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6707, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6707, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001627206802368164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 3, "run": 3}} {"ts": 1793143114.079125, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b051b31b654eaf064303f5dd5464ea92ddfadb7de2c5eed6896aa47172d6142d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6492, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0473, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4514, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6465, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016200542449951172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 7, "run": 3}} {"ts": 1793143114.0808692, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fc44e5ed3f320d2b3cce543d6209b4772efd14b8ee201a086509a251c430a713", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6492, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0491, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4514, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6483, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6715, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6715, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001585245132446289, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 2, "run": 3}} {"ts": 1793143114.0829282, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "72bf261fae554e3fd0f5011f78b55d5373cc4b5c6e9d5d253ad04c010786ac0b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6492, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0482, \"cash\": 0.3312, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.4699, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6458, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6475, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6707, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6707, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019061565399169922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 0, "run": 3}} {"ts": 1793143114.085112, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b051b31b654eaf064303f5dd5464ea92ddfadb7de2c5eed6896aa47172d6142d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6492, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0473, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4514, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6465, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6697, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6697, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0019729137420654297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 4, "run": 3}} {"ts": 1793143114.087252, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fc44e5ed3f320d2b3cce543d6209b4772efd14b8ee201a086509a251c430a713", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 12, \"price\": 4.6492, \"dividend\": 0.0492, \"rf\": 0.01, \"expected_dividend\": 0.0491, \"cash\": 1.8022, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.4514, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6458, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6483, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6715, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6715, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0018749237060546875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 12, "agent": 5, "run": 3}} {"ts": 1793143114.092035, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c10289fbc011632195a77dcf5eb836a3c2288d68a7b5aee45286aa8eea895433", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6492, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0381, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5128, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6375, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6607, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6607, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002579927444458008, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 1, "run": 3}} {"ts": 1793143114.0949602, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bbae7ec466ea4f5880d9da82e49020aaa9ef71f5f0b19223bda665073f80610c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6492, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0409, \"cash\": 0.3918, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.5304, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6402, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6634, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6634, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002444028854370117, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 0, "run": 3}} {"ts": 1793143114.097882, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c10289fbc011632195a77dcf5eb836a3c2288d68a7b5aee45286aa8eea895433", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6492, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0381, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5128, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6375, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6607, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6607, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002454996109008789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 7, "run": 3}} {"ts": 1793143114.10116, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "151084adc9919504030ba169025080d021fd11304909be1e995682b59b70f421", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6492, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0414, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5128, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6407, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6639, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6639, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0029230117797851562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 2, "run": 3}} {"ts": 1793143114.104341, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e78e89c8dca3108b026e2896a6c7092c17ce8c44354750c78e64dbb18ce8a994", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6492, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0409, \"cash\": 0.3922, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.5308, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6402, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6634, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6634, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001786947250366211, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 6, "run": 3}} {"ts": 1793143114.106213, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "c10289fbc011632195a77dcf5eb836a3c2288d68a7b5aee45286aa8eea895433", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6492, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0381, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5128, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6375, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6607, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6607, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016870498657226562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 4, "run": 3}} {"ts": 1793143114.108075, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "151084adc9919504030ba169025080d021fd11304909be1e995682b59b70f421", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6492, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0414, \"cash\": 1.8636, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5128, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6407, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6639, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6639, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016961097717285156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 5, "run": 3}} {"ts": 1793143114.109938, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ca06c70266992d39c40515323369c6d486de23522c1446daad9b0cc87edbcacb", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 13, \"price\": 4.6492, \"dividend\": 0.0429, \"rf\": 0.01, \"expected_dividend\": 0.0409, \"cash\": 0.3926, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.5312, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6402, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6634, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6634, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016870498657226562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 13, "agent": 3, "run": 3}} {"ts": 1793143114.115699, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fc2a569e37a8dace2a939f72069697bc49ddacb47a47fb70b7bfdfcf63239131", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6492, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0427, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5676, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6421, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6653, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6653, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005415201187133789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 5, "run": 3}} {"ts": 1793143114.117666, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5f5105abe7e2805d881b68fa84051facb207088ca176a4f5c0958c6b521fabdc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6492, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0394, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5676, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6388, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.662, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.662, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001737833023071289, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 7, "run": 3}} {"ts": 1793143114.119534, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fc2a569e37a8dace2a939f72069697bc49ddacb47a47fb70b7bfdfcf63239131", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6492, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0427, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5676, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6421, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6653, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6653, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016911029815673828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 2, "run": 3}} {"ts": 1793143114.121377, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5f5105abe7e2805d881b68fa84051facb207088ca176a4f5c0958c6b521fabdc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6492, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0394, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5676, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6388, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.662, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.662, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001672983169555664, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 4, "run": 3}} {"ts": 1793143114.12314, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ff74b27078177dec7ba490182b4779cf5f841cb6a3ed76b478e846f56bb36bcf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6492, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0422, \"cash\": 0.4436, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.5822, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6415, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6647, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6647, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015909671783447266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 0, "run": 3}} {"ts": 1793143114.130422, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "617fbe039b4da57aa33542fd805d3a8961f3bb240d8c5ee3a2204af3d9e08e33", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6492, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0422, \"cash\": 0.4444, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.583, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6415, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6647, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6647, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.007123231887817383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 3, "run": 3}} {"ts": 1793143114.133101, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0dfec13022015b8c200f23ae3896beea0358bd8dd2beb50eb09123bd4e32557e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6492, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0422, \"cash\": 0.444, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.5826, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6415, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6647, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6647, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002321958541870117, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 6, "run": 3}} {"ts": 1793143114.1357088, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5f5105abe7e2805d881b68fa84051facb207088ca176a4f5c0958c6b521fabdc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 14, \"price\": 4.6492, \"dividend\": 0.0359, \"rf\": 0.01, \"expected_dividend\": 0.0394, \"cash\": 1.9185, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.5676, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6388, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.662, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.662, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022771358489990234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 14, "agent": 1, "run": 3}} {"ts": 1793143114.1385899, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9c37fa3f2fdbf2e131da95436d9b345ae31426a48ff008859fba57b49802fdcf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6492, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6263, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6486, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023419857025146484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 7, "run": 3}} {"ts": 1793143114.140521, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "62d30945addb4d536c0b518e450e253d2ced057854f44c1d825b42e44cf36cdc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6492, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0535, \"cash\": 0.5005, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.6391, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6527, \"target_holdings\": 1.0134}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 0.31, \"order_type\": \"limit\", \"limit_price\": 4.676, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.31, "order_type": "limit", "limit_price": 4.676, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016760826110839844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 6, "run": 3}} {"ts": 1793143114.1423109, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9c37fa3f2fdbf2e131da95436d9b345ae31426a48ff008859fba57b49802fdcf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6492, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6263, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6486, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016090869903564453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 4, "run": 3}} {"ts": 1793143114.144083, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "e58ecf463320578c49dfaa3f9571fe316494dcbede667fd8a98fc5e65f37b067", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6492, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0535, \"cash\": 0.5009, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.6395, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6527, \"target_holdings\": 1.0134}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 0.31, \"order_type\": \"limit\", \"limit_price\": 4.676, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.31, "order_type": "limit", "limit_price": 4.676, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016009807586669922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 3, "run": 3}} {"ts": 1793143114.145868, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3d0312dcee5780c30162f0b6798abe5a1497746d7252a59a5098e5cf4780c04a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6492, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0535, \"cash\": 0.5001, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.6387, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6527, \"target_holdings\": 1.0134}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 0.31, \"order_type\": \"limit\", \"limit_price\": 4.676, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.31, "order_type": "limit", "limit_price": 4.676, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016231536865234375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 0, "run": 3}} {"ts": 1793143114.147638, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "49b2097a0aa71b032e21c079c74e8fb14dda94c7241221d68bb381762633c1a5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6492, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.047, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6263, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6462, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6694, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6694, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015978813171386719, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 2, "run": 3}} {"ts": 1793143114.15243, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9c37fa3f2fdbf2e131da95436d9b345ae31426a48ff008859fba57b49802fdcf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6492, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.0493, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6263, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6486, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6718, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6718, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00462794303894043, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 1, "run": 3}} {"ts": 1793143114.1550531, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "49b2097a0aa71b032e21c079c74e8fb14dda94c7241221d68bb381762633c1a5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 15, \"price\": 4.6492, \"dividend\": 0.039, \"rf\": 0.01, \"expected_dividend\": 0.047, \"cash\": 1.9771, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6263, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6462, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6694, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6694, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022878646850585938, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 15, "agent": 5, "run": 3}} {"ts": 1793143114.1578639, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d092ca1bab430028c4e8c9578e68c786899a0e4ec33a1d9b3bf245ef7a01f310", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6492, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0506, \"cash\": 0.5717, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.7103, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6499, \"target_holdings\": 0.1997}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.12, \"order_type\": \"limit\", \"limit_price\": 4.6731, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.12, "order_type": "limit", "limit_price": 4.6731, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002300262451171875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 3, "run": 3}} {"ts": 1793143114.160384, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4eee92f63c4c463b6e052e0d3f710ce5a376cf5e1e892951cd1fe396c34e6981", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6492, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0469, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6959, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6462, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6694, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6694, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002221822738647461, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 2, "run": 3}} {"ts": 1793143114.163085, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4eee92f63c4c463b6e052e0d3f710ce5a376cf5e1e892951cd1fe396c34e6981", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6492, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0469, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6959, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6462, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6694, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6694, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024030208587646484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 5, "run": 3}} {"ts": 1793143114.1657119, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7e72260cbaba8f286a024e05d9f9536a093f042531ec2d4a98c177cc9b704d4f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6492, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0554, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6959, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6546, \"target_holdings\": 1.5344}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 0.53, \"order_type\": \"limit\", \"limit_price\": 4.6313, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.53, "order_type": "limit", "limit_price": 4.6313, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002315044403076172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 7, "run": 3}} {"ts": 1793143114.168382, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4ff9657a19d8b762ed46cc375dcc51fdb78a7cfd65c4c343490559d12f20006d", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6492, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0506, \"cash\": 0.5713, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.7099, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6499, \"target_holdings\": 0.1997}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.12, \"order_type\": \"limit\", \"limit_price\": 4.6731, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.12, "order_type": "limit", "limit_price": 4.6731, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023462772369384766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 6, "run": 3}} {"ts": 1793143114.170985, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "35e88f7147419bcadafd8470306ffe34b34a0accd74ec8ad6cf5d540a2314fe6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6492, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0506, \"cash\": 0.5709, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.7095, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6499, \"target_holdings\": 0.1997}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.12, \"order_type\": \"limit\", \"limit_price\": 4.6731, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.12, "order_type": "limit", "limit_price": 4.6731, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023012161254882812, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 0, "run": 3}} {"ts": 1793143114.173482, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7e72260cbaba8f286a024e05d9f9536a093f042531ec2d4a98c177cc9b704d4f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6492, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0554, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6959, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6546, \"target_holdings\": 1.5344}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 0.53, \"order_type\": \"limit\", \"limit_price\": 4.6313, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.53, "order_type": "limit", "limit_price": 4.6313, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021986961364746094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 4, "run": 3}} {"ts": 1793143114.17572, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7e72260cbaba8f286a024e05d9f9536a093f042531ec2d4a98c177cc9b704d4f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 16, \"price\": 4.6492, \"dividend\": 0.0493, \"rf\": 0.01, \"expected_dividend\": 0.0554, \"cash\": 2.0467, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.6959, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6546, \"target_holdings\": 1.5344}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 0.53, \"order_type\": \"limit\", \"limit_price\": 4.6313, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.53, "order_type": "limit", "limit_price": 4.6313, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001959085464477539, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 16, "agent": 1, "run": 3}} {"ts": 1793143114.179035, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fc111e25ca3110b05cae5004455f9591ba423d259716f05492dddb8d89c58c04", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6492, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0612, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7641, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6603, \"target_holdings\": 3.1806}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 2.18, \"order_type\": \"limit\", \"limit_price\": 4.637, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.18, "order_type": "limit", "limit_price": 4.637, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0026068687438964844, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 2, "run": 3}} {"ts": 1793143114.181945, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8fcd7a020308870fc20303a6cbb22e488ce08fde0af38fb1756fc774a33624bf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6492, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0558, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7641, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.655, \"target_holdings\": 1.6456}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 0.65, \"order_type\": \"limit\", \"limit_price\": 4.6317, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.65, "order_type": "limit", "limit_price": 4.6317, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0024461746215820312, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 7, "run": 3}} {"ts": 1793143114.187913, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "f57df5e6ca59866d1d590e9172a1637e456895c35ad32dd9f31b5c23c493fd4b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6492, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0559, \"cash\": 0.6404, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.7791, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6551, \"target_holdings\": 1.6954}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 0.38, \"order_type\": \"limit\", \"limit_price\": 4.6318, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.38, "order_type": "limit", "limit_price": 4.6318, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.005566835403442383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 3, "run": 3}} {"ts": 1793143114.1898172, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b49c390795eae602dacd5b4d6acaf90b9100b27282de0c721f6954329f92ccc9", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6492, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0559, \"cash\": 0.6401, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.7787, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6551, \"target_holdings\": 1.6954}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 0.38, \"order_type\": \"limit\", \"limit_price\": 4.6318, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.38, "order_type": "limit", "limit_price": 4.6318, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016460418701171875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 6, "run": 3}} {"ts": 1793143114.191612, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "cd64328208c3cbf547d78a4184fe2934281db25efea8dc1196d3355641709d23", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6492, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0559, \"cash\": 0.6396, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.7783, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6551, \"target_holdings\": 1.6954}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 0.38, \"order_type\": \"limit\", \"limit_price\": 4.6318, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.38, "order_type": "limit", "limit_price": 4.6318, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016062259674072266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 0, "run": 3}} {"ts": 1793143114.193354, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8fcd7a020308870fc20303a6cbb22e488ce08fde0af38fb1756fc774a33624bf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6492, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0558, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7641, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.655, \"target_holdings\": 1.6456}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 0.65, \"order_type\": \"limit\", \"limit_price\": 4.6317, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.65, "order_type": "limit", "limit_price": 4.6317, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001569986343383789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 1, "run": 3}} {"ts": 1793143114.195092, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "fc111e25ca3110b05cae5004455f9591ba423d259716f05492dddb8d89c58c04", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6492, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0612, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7641, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6603, \"target_holdings\": 3.1806}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 2.18, \"order_type\": \"limit\", \"limit_price\": 4.637, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.18, "order_type": "limit", "limit_price": 4.637, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015778541564941406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 5, "run": 3}} {"ts": 1793143114.198364, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8fcd7a020308870fc20303a6cbb22e488ce08fde0af38fb1756fc774a33624bf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 17, \"price\": 4.6492, \"dividend\": 0.0473, \"rf\": 0.01, \"expected_dividend\": 0.0558, \"cash\": 2.1149, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.7641, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.655, \"target_holdings\": 1.6456}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 0.65, \"order_type\": \"limit\", \"limit_price\": 4.6317, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.65, "order_type": "limit", "limit_price": 4.6317, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0031061172485351562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 17, "agent": 4, "run": 3}} {"ts": 1793143114.2034822, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "869dac6ef0de98f054e38c0d2de4b3adcded8ee51873d40656bdf3a8d9b68d57", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6492, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0573, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.844, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6565, \"target_holdings\": 2.0752}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 1.08, \"order_type\": \"limit\", \"limit_price\": 4.6332, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.08, "order_type": "limit", "limit_price": 4.6332, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.004498004913330078, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 5, "run": 3}} {"ts": 1793143114.205455, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0a6177398eae6f0c714ff70fc44a07e7223b14e237d2fa39be54603180133be2", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6492, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 0.7245, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.8631, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016970634460449219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 3, "run": 3}} {"ts": 1793143114.207227, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "efd2f866b8709d8fe22471838e11e389076deba688305291be1612b2140b7523", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6492, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 0.7237, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.8623, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015842914581298828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 0, "run": 3}} {"ts": 1793143114.2089942, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "869dac6ef0de98f054e38c0d2de4b3adcded8ee51873d40656bdf3a8d9b68d57", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6492, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0573, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.844, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6565, \"target_holdings\": 2.0752}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 1.08, \"order_type\": \"limit\", \"limit_price\": 4.6332, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.08, "order_type": "limit", "limit_price": 4.6332, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001605987548828125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 2, "run": 3}} {"ts": 1793143114.213758, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1ee618a2ea844a00a62d34e4846898c78994f6aa8dfee7dec8edae8ad7246b08", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6492, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.054, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.844, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6532, \"target_holdings\": 1.1421}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 0.14, \"order_type\": \"limit\", \"limit_price\": 4.6299, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.14, "order_type": "limit", "limit_price": 4.6299, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0045969486236572266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 7, "run": 3}} {"ts": 1793143114.216386, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b1c9e45d8fb1dea8c1e70a53772b27a6a622f0609fb41affc015ff214f0fd260", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6492, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.0452, \"cash\": 0.7241, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.8627, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6445, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6677, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6677, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023009777069091797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 6, "run": 3}} {"ts": 1793143114.2188969, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1ee618a2ea844a00a62d34e4846898c78994f6aa8dfee7dec8edae8ad7246b08", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6492, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.054, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.844, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6532, \"target_holdings\": 1.1421}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 0.14, \"order_type\": \"limit\", \"limit_price\": 4.6299, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.14, "order_type": "limit", "limit_price": 4.6299, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022079944610595703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 1, "run": 3}} {"ts": 1793143114.221379, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1ee618a2ea844a00a62d34e4846898c78994f6aa8dfee7dec8edae8ad7246b08", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 18, \"price\": 4.6492, \"dividend\": 0.0582, \"rf\": 0.01, \"expected_dividend\": 0.054, \"cash\": 2.1949, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.844, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6532, \"target_holdings\": 1.1421}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 0.14, \"order_type\": \"limit\", \"limit_price\": 4.6299, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.14, "order_type": "limit", "limit_price": 4.6299, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002192974090576172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 18, "agent": 4, "run": 3}} {"ts": 1793143114.224181, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b67e109986f94f180e7bf7286fabdd0df49aa67cfe41de1d26c7e02f3b85133e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6492, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0534, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9186, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6526, \"target_holdings\": 0.9773}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 0.02, \"order_type\": \"limit\", \"limit_price\": 4.6759, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.02, "order_type": "limit", "limit_price": 4.6759, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002292156219482422, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 2, "run": 3}} {"ts": 1793143114.226521, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "460c1bbcd2677b72c7299b4b65c5a9d4c74dc969caf4f51fc1fe9fc317a87b3c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6492, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0572, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9186, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6564, \"target_holdings\": 2.0541}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 1.05, \"order_type\": \"limit\", \"limit_price\": 4.6331, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.05, "order_type": "limit", "limit_price": 4.6331, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002048969268798828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 7, "run": 3}} {"ts": 1793143114.228414, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5e43bee2cd48d04fbc184265e446fc94ef1c2995c3e094897c97223caf2bc8e3", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6492, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 0.8009, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.9395, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6473, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6705, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6705, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.00164794921875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 6, "run": 3}} {"ts": 1793143114.230183, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "460c1bbcd2677b72c7299b4b65c5a9d4c74dc969caf4f51fc1fe9fc317a87b3c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6492, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0572, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9186, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6564, \"target_holdings\": 2.0541}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 1.05, \"order_type\": \"limit\", \"limit_price\": 4.6331, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.05, "order_type": "limit", "limit_price": 4.6331, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015931129455566406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 4, "run": 3}} {"ts": 1793143114.23193, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "609bb0b6873dcc69e2fd3ddf935bc4f967615e75730aede0800ec83cb385d337", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6492, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 0.8004, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.939, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6473, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6705, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6705, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015821456909179688, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 0, "run": 3}} {"ts": 1793143114.233664, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "955b33942d478453c5c66c453d9d94138fb1cdda3ecefbd9b229b51123c47afc", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6492, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.048, \"cash\": 0.8012, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 6.9398, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6473, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.6705, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.6705, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015709400177001953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 3, "run": 3}} {"ts": 1793143114.2353768, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "460c1bbcd2677b72c7299b4b65c5a9d4c74dc969caf4f51fc1fe9fc317a87b3c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6492, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0572, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9186, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6564, \"target_holdings\": 2.0541}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 1.05, \"order_type\": \"limit\", \"limit_price\": 4.6331, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.05, "order_type": "limit", "limit_price": 4.6331, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015578269958496094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 1, "run": 3}} {"ts": 1793143114.238064, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "b67e109986f94f180e7bf7286fabdd0df49aa67cfe41de1d26c7e02f3b85133e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 19, \"price\": 4.6492, \"dividend\": 0.0521, \"rf\": 0.01, \"expected_dividend\": 0.0534, \"cash\": 2.2694, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9186, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6526, \"target_holdings\": 0.9773}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 0.02, \"order_type\": \"limit\", \"limit_price\": 4.6759, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.02, "order_type": "limit", "limit_price": 4.6759, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002527952194213867, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 19, "agent": 5, "run": 3}} {"ts": 1793143114.2402098, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2de90c10c40dc38aef087b5f754030e0bc3a0eb4954fddb5e10586b934f459cf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6492, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0638, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9931, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.663, \"target_holdings\": 3.9247}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 2.92, \"order_type\": \"limit\", \"limit_price\": 4.6397, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.92, "order_type": "limit", "limit_price": 4.6397, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016951560974121094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 4, "run": 3}} {"ts": 1793143114.242052, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c7b2ebeb65528835555a9c93824ea280c449cd2489846d018ff945dbb7c8687", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6492, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0569, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9931, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6561, \"target_holdings\": 1.9615}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 0.96, \"order_type\": \"limit\", \"limit_price\": 4.6328, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.96, "order_type": "limit", "limit_price": 4.6328, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001627206802368164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 2, "run": 3}} {"ts": 1793143114.243861, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2de90c10c40dc38aef087b5f754030e0bc3a0eb4954fddb5e10586b934f459cf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6492, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0638, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9931, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.663, \"target_holdings\": 3.9247}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 2.92, \"order_type\": \"limit\", \"limit_price\": 4.6397, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.92, "order_type": "limit", "limit_price": 4.6397, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001628875732421875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 1, "run": 3}} {"ts": 1793143114.2456572, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "5c7b2ebeb65528835555a9c93824ea280c449cd2489846d018ff945dbb7c8687", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6492, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0569, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9931, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6561, \"target_holdings\": 1.9615}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 0.96, \"order_type\": \"limit\", \"limit_price\": 4.6328, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.96, "order_type": "limit", "limit_price": 4.6328, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001615285873413086, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 5, "run": 3}} {"ts": 1793143114.2485702, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4ae656c87812215276428ff466dbb44f2ab4a6784e8e02fbd5ae6d4683bce2a5", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6492, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0608, \"cash\": 0.8768, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 7.0154, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.66, \"target_holdings\": 3.0743}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 1.75, \"order_type\": \"limit\", \"limit_price\": 4.6367, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.75, "order_type": "limit", "limit_price": 4.6367, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0027379989624023438, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 0, "run": 3}} {"ts": 1793143114.251292, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2de90c10c40dc38aef087b5f754030e0bc3a0eb4954fddb5e10586b934f459cf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6492, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0638, \"cash\": 2.3439, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.9931, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.663, \"target_holdings\": 3.9247}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 2.92, \"order_type\": \"limit\", \"limit_price\": 4.6397, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.92, "order_type": "limit", "limit_price": 4.6397, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023560523986816406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 7, "run": 3}} {"ts": 1793143114.253953, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4c99e6b5d5c65573946d8fde3ec48d5e4343e96ea7030d277befa75167d7c349", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6492, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0608, \"cash\": 0.8777, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 7.0163, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.66, \"target_holdings\": 3.0743}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 1.75, \"order_type\": \"limit\", \"limit_price\": 4.6367, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.75, "order_type": "limit", "limit_price": 4.6367, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023338794708251953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 3, "run": 3}} {"ts": 1793143114.2565582, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "22fc8b6b0b0c27823de11d9084e85bcb2214ceebdf3fbc75a177c8545348e74f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 20, \"price\": 4.6492, \"dividend\": 0.0513, \"rf\": 0.01, \"expected_dividend\": 0.0608, \"cash\": 0.8773, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 7.0159, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.66, \"target_holdings\": 3.0743}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 1.75, \"order_type\": \"limit\", \"limit_price\": 4.6367, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.75, "order_type": "limit", "limit_price": 4.6367, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002273082733154297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 20, "agent": 6, "run": 3}} {"ts": 1793143114.259412, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bbe7aca2f3e5cbca60d342dd6ae5beab3126fee83f2a58577c89d9c7daa3ca31", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6492, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0588, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0833, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.658, \"target_holdings\": 2.5152}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 1.52, \"order_type\": \"limit\", \"limit_price\": 4.6347, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.52, "order_type": "limit", "limit_price": 4.6347, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002319812774658203, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 2, "run": 3}} {"ts": 1793143114.262093, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bbe7aca2f3e5cbca60d342dd6ae5beab3126fee83f2a58577c89d9c7daa3ca31", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6492, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0588, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0833, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.658, \"target_holdings\": 2.5152}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 1.52, \"order_type\": \"limit\", \"limit_price\": 4.6347, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.52, "order_type": "limit", "limit_price": 4.6347, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023729801177978516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 5, "run": 3}} {"ts": 1793143114.2647371, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "d24df6ae2055505b22497305a9d2bcd8a0683a2272c2d9ff4c29623f8a1315d7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6492, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0602, \"cash\": 0.9742, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 7.1128, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6593, \"target_holdings\": 2.8859}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 1.57, \"order_type\": \"limit\", \"limit_price\": 4.636, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.57, "order_type": "limit", "limit_price": 4.636, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023407936096191406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 6, "run": 3}} {"ts": 1793143114.267175, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "be321f4c51060cf997f058d04c0ab08748a86168f75d84a46c0c31fa59a7e72e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6492, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0602, \"cash\": 0.9746, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 7.1132, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6593, \"target_holdings\": 2.8859}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 1.57, \"order_type\": \"limit\", \"limit_price\": 4.636, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.57, "order_type": "limit", "limit_price": 4.636, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021202564239501953, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 3, "run": 3}} {"ts": 1793143114.269096, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "67b70a2c1156be8d0645982ebb936eb47bf42e222eefbc3f24a727b1c269ab3c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6492, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0697, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0833, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6688, \"target_holdings\": 5.5873}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"buy\", \"quantity\": 4.59, \"order_type\": \"limit\", \"limit_price\": 4.6455, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.59, "order_type": "limit", "limit_price": 4.6455, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016260147094726562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 1, "run": 3}} {"ts": 1793143114.2708302, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6140aa68fb6aac913e7fa220fdf40d51a215ed5d833b9770facfc93494489b07", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6492, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0602, \"cash\": 0.9737, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 7.1124, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6593, \"target_holdings\": 2.8859}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 1.57, \"order_type\": \"limit\", \"limit_price\": 4.636, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.57, "order_type": "limit", "limit_price": 4.636, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015411376953125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 0, "run": 3}} {"ts": 1793143114.2725198, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "67b70a2c1156be8d0645982ebb936eb47bf42e222eefbc3f24a727b1c269ab3c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6492, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0697, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0833, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6688, \"target_holdings\": 5.5873}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"buy\", \"quantity\": 4.59, \"order_type\": \"limit\", \"limit_price\": 4.6455, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.59, "order_type": "limit", "limit_price": 4.6455, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015239715576171875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 4, "run": 3}} {"ts": 1793143114.2741919, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "67b70a2c1156be8d0645982ebb936eb47bf42e222eefbc3f24a727b1c269ab3c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 21, \"price\": 4.6492, \"dividend\": 0.0661, \"rf\": 0.01, \"expected_dividend\": 0.0697, \"cash\": 2.4342, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.0833, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6688, \"target_holdings\": 5.5873}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"buy\", \"quantity\": 4.59, \"order_type\": \"limit\", \"limit_price\": 4.6455, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 4.59, "order_type": "limit", "limit_price": 4.6455, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015141963958740234, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 21, "agent": 7, "run": 3}} {"ts": 1793143114.276096, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a3d42634598b71521e11ca9127ac1dcc3dfb476f575f2ec6c93c43bce4422f0e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6492, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0601, \"cash\": 1.0682, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 7.2068, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6592, \"target_holdings\": 2.868}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"buy\", \"quantity\": 1.55, \"order_type\": \"limit\", \"limit_price\": 4.6359, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.55, "order_type": "limit", "limit_price": 4.6359, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001589059829711914, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 0, "run": 3}} {"ts": 1793143114.2796779, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "efe971321a4d308c4ee583620e8537b320d69f2fb9749d6502ca5eb1f82da1f8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6492, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0524, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1718, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6516, \"target_holdings\": 0.693}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 0.31, \"order_type\": \"limit\", \"limit_price\": 4.6749, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.31, "order_type": "limit", "limit_price": 4.6749, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003408193588256836, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 7, "run": 3}} {"ts": 1793143114.282559, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "efe971321a4d308c4ee583620e8537b320d69f2fb9749d6502ca5eb1f82da1f8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6492, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0524, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1718, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6516, \"target_holdings\": 0.693}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 0.31, \"order_type\": \"limit\", \"limit_price\": 4.6749, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.31, "order_type": "limit", "limit_price": 4.6749, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002454042434692383, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 1, "run": 3}} {"ts": 1793143114.286262, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0dac203d17e659402ee912d5d30a5f2029bb48e5246b2da421d8dd0addc2a334", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6492, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0567, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1718, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6559, \"target_holdings\": 1.9083}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"buy\", \"quantity\": 0.91, \"order_type\": \"limit\", \"limit_price\": 4.6326, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.91, "order_type": "limit", "limit_price": 4.6326, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0032269954681396484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 5, "run": 3}} {"ts": 1793143114.292945, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "183e1db22beeea65421b4bb5565a2bcf00bad4f8d68f5b3f41e3c07b197c3064", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6492, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0601, \"cash\": 1.0686, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 7.2073, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6592, \"target_holdings\": 2.868}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"buy\", \"quantity\": 1.55, \"order_type\": \"limit\", \"limit_price\": 4.6359, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.55, "order_type": "limit", "limit_price": 4.6359, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.006193876266479492, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 6, "run": 3}} {"ts": 1793143114.2955258, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8e6461c20d39ce8fa3ba871d7daa57dd2e0d01c7fc2aa9ecde12034bafcd94e8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6492, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0601, \"cash\": 1.069, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 7.2076, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6592, \"target_holdings\": 2.868}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"buy\", \"quantity\": 1.55, \"order_type\": \"limit\", \"limit_price\": 4.6359, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.55, "order_type": "limit", "limit_price": 4.6359, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022568702697753906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 3, "run": 3}} {"ts": 1793143114.2990808, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "efe971321a4d308c4ee583620e8537b320d69f2fb9749d6502ca5eb1f82da1f8", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6492, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0524, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1718, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6516, \"target_holdings\": 0.693}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 0.31, \"order_type\": \"limit\", \"limit_price\": 4.6749, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.31, "order_type": "limit", "limit_price": 4.6749, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0027022361755371094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 4, "run": 3}} {"ts": 1793143114.3016808, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0dac203d17e659402ee912d5d30a5f2029bb48e5246b2da421d8dd0addc2a334", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 22, \"price\": 4.6492, \"dividend\": 0.0635, \"rf\": 0.01, \"expected_dividend\": 0.0567, \"cash\": 2.5226, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.1718, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6559, \"target_holdings\": 1.9083}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"buy\", \"quantity\": 0.91, \"order_type\": \"limit\", \"limit_price\": 4.6326, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 0.91, "order_type": "limit", "limit_price": 4.6326, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.001688241958618164, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 22, "agent": 2, "run": 3}} {"ts": 1793143114.3056908, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6815136f90245971a07ba16f3e3d2d01f688548b717d642183e2e9b7ef15b87c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6492, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0471, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2493, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6464, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6696, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6696, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.003626108169555664, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 2, "run": 3}} {"ts": 1793143114.3083332, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6815136f90245971a07ba16f3e3d2d01f688548b717d642183e2e9b7ef15b87c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6492, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0471, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2493, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6464, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3005, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6696, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6696, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023217201232910156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 5, "run": 3}} {"ts": 1793143114.310952, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "11e197ca9edd144d6174b35217965d67ae823d0d17cd879183fa91d445e928c7", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6492, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0496, \"cash\": 1.1487, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 7.2873, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6488, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3003, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.672, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.672, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0023059844970703125, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 3, "run": 3}} {"ts": 1793143114.31357, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecee99beffe89dfad5c4342ba79e7348d0d76a3b6b488560708687665d168d45", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6492, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0404, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2493, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6398, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.663, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.663, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002306222915649414, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 1, "run": 3}} {"ts": 1793143114.316206, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "3208d2b8ee37e2d46a2736bd9789b5c3bd2b98c50f8a4daa876ee0528dd2ef7b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6492, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0496, \"cash\": 1.1478, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 7.2864, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6488, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3000, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.672, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.672, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.002332925796508789, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 0, "run": 3}} {"ts": 1793143114.3187819, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecee99beffe89dfad5c4342ba79e7348d0d76a3b6b488560708687665d168d45", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6492, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0404, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2493, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6398, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3007, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.663, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.663, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0022792816162109375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 7, "run": 3}} {"ts": 1793143114.321132, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ecee99beffe89dfad5c4342ba79e7348d0d76a3b6b488560708687665d168d45", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6492, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0404, \"cash\": 2.6001, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 7.2493, \"margin\": 0.5, \"loan_capacity\": 2.3246, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6398, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3004, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.663, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.663, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0020449161529541016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 4, "run": 3}} {"ts": 1793143114.322933, "run_id": "lab_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "1f51e6528a3440802201d65aee332c745a3d6bab81562d1d81b2e2d63545b79e", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 0, cash to borrow), rationale (short string). Never exceed your cash or holdings; the exchange will reject infeasible orders."}, {"role": "user", "content": "Observation: {\"period\": 23, \"price\": 4.6492, \"dividend\": 0.0517, \"rf\": 0.01, \"expected_dividend\": 0.0496, \"cash\": 1.1483, \"holdings\": 1.3204, \"loan\": 0.0, \"equity\": 7.2869, \"margin\": 0.5, \"loan_capacity\": 3.0693, \"history\": [4.6492, 4.6492, 4.6492, 4.6492, 4.6492], \"own_valuation\": 4.6488, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 3006, "response": "{\"side\": \"sell\", \"quantity\": 1.32, \"order_type\": \"limit\", \"limit_price\": 4.672, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.32, "order_type": "limit", "limit_price": 4.672, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0015728473663330078, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 23, "agent": 6, "run": 3}}