1{"ts": 1793142590.939599, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "ddc9e80bfe58cced6c3605896079a2b07e965c36241b25b34c8fd774dab31257", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.05, \"rf\": 0.01, \"expected_dividend\": 0.0432, \"cash\": 1.0605, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6426, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7005, "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": 0.0019190311431884766, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 5, "run": 7}}2{"ts": 1793142590.942027, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7d7984fea9392439f61206e54fa7d3b0ccda6124e2d9fab7c30ae869b2f49edf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.05, \"rf\": 0.01, \"expected_dividend\": 0.0501, \"cash\": 1.0605, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6493, \"target_holdings\": 1.0223}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7001, "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": 0.0021958351135253906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 1, "run": 7}}3{"ts": 1793142590.943821, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7d7984fea9392439f61206e54fa7d3b0ccda6124e2d9fab7c30ae869b2f49edf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.05, \"rf\": 0.01, \"expected_dividend\": 0.0501, \"cash\": 1.0605, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6493, \"target_holdings\": 1.0223}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7000, "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": 0.0015590190887451172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 0, "run": 7}}4{"ts": 1793142590.9453802, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7d7984fea9392439f61206e54fa7d3b0ccda6124e2d9fab7c30ae869b2f49edf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.05, \"rf\": 0.01, \"expected_dividend\": 0.0501, \"cash\": 1.0605, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6493, \"target_holdings\": 1.0223}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7002, "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": 0.0014388561248779297, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 2, "run": 7}}5{"ts": 1793142590.946931, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "bda17271427210e80a6ce0d0481495b23adabe8d308f8e1a08b63fee6ddb6aae", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.05, \"rf\": 0.01, \"expected_dividend\": 0.0454, \"cash\": 1.0605, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7063, \"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": 7004, "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": 0.00144195556640625, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 4, "run": 7}}6{"ts": 1793142590.948452, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6cffb420a7308dba11c670b48ba698f605fbd50523eea442bb2c2de61e3d238a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.05, \"rf\": 0.01, \"expected_dividend\": 0.043, \"cash\": 1.0605, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7063, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458], \"own_valuation\": 4.6423, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7003, "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": 0.0014269351959228516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 0, "agent": 3, "run": 7}}7{"ts": 1793142590.950172, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "86363ad878406e937607c537b5cb5bdfc8fc8ca0e89d2b3afddf35fa017cec5c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.053, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 1.1246, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7704, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6478, \"target_holdings\": 0.5819}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7002, "response": "{\"side\": \"sell\", \"quantity\": 0.42, \"order_type\": \"limit\", \"limit_price\": 4.671, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.42, "order_type": "limit", "limit_price": 4.671, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014498233795166016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 2, "run": 7}}8{"ts": 1793142590.951744, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "86363ad878406e937607c537b5cb5bdfc8fc8ca0e89d2b3afddf35fa017cec5c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.053, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 1.1246, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7704, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6478, \"target_holdings\": 0.5819}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7001, "response": "{\"side\": \"sell\", \"quantity\": 0.42, \"order_type\": \"limit\", \"limit_price\": 4.671, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.42, "order_type": "limit", "limit_price": 4.671, "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": 1, "agent": 1, "run": 7}}9{"ts": 1793142590.9533608, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "7dc5bd6e2f4d0fb58c3102bfedc422363bbb698101e8cc6b88d7ba2dd3ce2b23", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.053, \"rf\": 0.01, \"expected_dividend\": 0.0516, \"cash\": 1.1246, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7704, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6508, \"target_holdings\": 1.4448}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7003, "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": 0.0014808177947998047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 3, "run": 7}}10{"ts": 1793142590.954858, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "86363ad878406e937607c537b5cb5bdfc8fc8ca0e89d2b3afddf35fa017cec5c", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.053, \"rf\": 0.01, \"expected_dividend\": 0.0485, \"cash\": 1.1246, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7704, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6478, \"target_holdings\": 0.5819}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7000, "response": "{\"side\": \"sell\", \"quantity\": 0.42, \"order_type\": \"limit\", \"limit_price\": 4.671, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.42, "order_type": "limit", "limit_price": 4.671, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014078617095947266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 0, "run": 7}}11{"ts": 1793142590.956815, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "43169bbd69366029f89cbcb115f78c0c7e03880c62c5b8e93e5e8b8be65a78fa", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.053, \"rf\": 0.01, \"expected_dividend\": 0.0502, \"cash\": 1.1246, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7704, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6495, \"target_holdings\": 1.0567}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7004, "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": 0.0015909671783447266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 4, "run": 7}}12{"ts": 1793142590.958415, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "faed51d21ee02956ed6227da2b1b8206a79c075b90a039d9b71692b669568b13", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.053, \"rf\": 0.01, \"expected_dividend\": 0.0409, \"cash\": 1.1246, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.7704, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458], \"own_valuation\": 4.6402, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7005, "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": 0.0014681816101074219, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 1, "agent": 5, "run": 7}}13{"ts": 1793142590.960126, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "11217a2fe3b327a0ab38a95909a5a5e2885bb5378ab2d551480517a2e7f8ef06", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0488, \"rf\": 0.01, \"expected_dividend\": 0.0458, \"cash\": 1.1851, \"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\": 4.6451, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6683, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6683, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014522075653076172, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 0, "run": 7}}14{"ts": 1793142590.961636, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "11217a2fe3b327a0ab38a95909a5a5e2885bb5378ab2d551480517a2e7f8ef06", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0488, \"rf\": 0.01, \"expected_dividend\": 0.0458, \"cash\": 1.1851, \"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\": 4.6451, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6683, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6683, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014100074768066406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 1, "run": 7}}15{"ts": 1793142590.9631438, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "570c0556a7f359a4462fee8995bf292541bd71946eb6c87fa890252f68f4187b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0488, \"rf\": 0.01, \"expected_dividend\": 0.0437, \"cash\": 1.1851, \"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\": 4.643, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7005, "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": 0.0014007091522216797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 5, "run": 7}}16{"ts": 1793142590.964791, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "75b4bf292ba7c50805642d5028d130238d5df789f660366cb54873e9934d2770", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0488, \"rf\": 0.01, \"expected_dividend\": 0.0415, \"cash\": 1.1851, \"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\": 4.6408, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7003, "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": 0.0015499591827392578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 3, "run": 7}}17{"ts": 1793142590.9664798, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "11217a2fe3b327a0ab38a95909a5a5e2885bb5378ab2d551480517a2e7f8ef06", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0488, \"rf\": 0.01, \"expected_dividend\": 0.0458, \"cash\": 1.1851, \"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\": 4.6451, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6683, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6683, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014851093292236328, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 2, "run": 7}}18{"ts": 1793142590.968035, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2fe50d5c290444b58533fe2cd45e4eb769b144e9d89639a0be55bf5ca40879d6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0488, \"rf\": 0.01, \"expected_dividend\": 0.0457, \"cash\": 1.1851, \"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\": 4.645, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7004, "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": 0.0014431476593017578, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 2, "agent": 4, "run": 7}}19{"ts": 1793142590.969718, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a0f444293738c1c6cbdd105f270a2948d6dd1a0cedd0abdf3ca30bdb5410bff", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0405, \"rf\": 0.01, \"expected_dividend\": 0.0462, \"cash\": 1.2379, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8836, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [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": 7001, "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": 0.0014259815216064453, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 1, "run": 7}}20{"ts": 1793142590.971222, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a0f444293738c1c6cbdd105f270a2948d6dd1a0cedd0abdf3ca30bdb5410bff", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0405, \"rf\": 0.01, \"expected_dividend\": 0.0462, \"cash\": 1.2379, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8836, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [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": 7002, "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": 0.0014040470123291016, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 2, "run": 7}}21{"ts": 1793142590.972735, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "637993ecc949830ec54f0c956faa376c62f73d79f4cc465b455a5948b46719a0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0405, \"rf\": 0.01, \"expected_dividend\": 0.0479, \"cash\": 1.2379, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8836, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6471, \"target_holdings\": 0.3971}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7004, "response": "{\"side\": \"sell\", \"quantity\": 0.6, \"order_type\": \"limit\", \"limit_price\": 4.6703, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.6, "order_type": "limit", "limit_price": 4.6703, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0013959407806396484, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 4, "run": 7}}22{"ts": 1793142590.9742432, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8fe9ef5b07e64157235ac752728a645e091bdfb86f70d2334208efde554d0b80", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0405, \"rf\": 0.01, \"expected_dividend\": 0.042, \"cash\": 1.2379, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8836, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [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": 7005, "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": 0.0014050006866455078, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 5, "run": 7}}23{"ts": 1793142590.975765, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dc213416973b5f608d8a2c1f94b26c6c5cf0882cbd61ace8de205e90b2ca208f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0405, \"rf\": 0.01, \"expected_dividend\": 0.0442, \"cash\": 1.2379, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8836, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [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": 7003, "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": 0.0014100074768066406, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 3, "run": 7}}24{"ts": 1793142590.977468, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "6a0f444293738c1c6cbdd105f270a2948d6dd1a0cedd0abdf3ca30bdb5410bff", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0405, \"rf\": 0.01, \"expected_dividend\": 0.0462, \"cash\": 1.2379, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.8836, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [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": 7000, "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": 0.0015921592712402344, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 3, "agent": 0, "run": 7}}25{"ts": 1793142590.979264, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a6b5cd52d4123f7dfc8534030e32403d41b379e165023d76348d490e84534d3f", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0407, \"rf\": 0.01, \"expected_dividend\": 0.0385, \"cash\": 1.2913, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9371, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6378, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.661, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.661, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014789104461669922, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 3, "run": 7}}26{"ts": 1793142590.980764, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8135993ce9f29a154f3799d2083f1a18dc03eeb1c83e37bd52e43c10222e4e39", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0407, \"rf\": 0.01, \"expected_dividend\": 0.0437, \"cash\": 1.2913, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9371, \"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": 7004, "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": 0.0013971328735351562, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 4, "run": 7}}27{"ts": 1793142590.9822788, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "dc02f8b2eaa7103005fc35c85a2aed320e7d7e3626fd41ed42431152bdf9c352", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0407, \"rf\": 0.01, \"expected_dividend\": 0.0488, \"cash\": 1.2913, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9371, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6481, \"target_holdings\": 0.6603}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7005, "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": 0.0014061927795410156, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 5, "run": 7}}28{"ts": 1793142590.9844952, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "486f4f1c5fca3b8ba7fe371b8b99b44023ba72ce195b68b2c32cf40a572f7834", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0407, \"rf\": 0.01, \"expected_dividend\": 0.0321, \"cash\": 1.2913, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9371, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6316, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7000, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6548, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6548, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0021209716796875, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 0, "run": 7}}29{"ts": 1793142590.986335, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "486f4f1c5fca3b8ba7fe371b8b99b44023ba72ce195b68b2c32cf40a572f7834", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0407, \"rf\": 0.01, \"expected_dividend\": 0.0321, \"cash\": 1.2913, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9371, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6316, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7001, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6548, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6548, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0016028881072998047, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 1, "run": 7}}30{"ts": 1793142590.9879029, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "486f4f1c5fca3b8ba7fe371b8b99b44023ba72ce195b68b2c32cf40a572f7834", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0407, \"rf\": 0.01, \"expected_dividend\": 0.0321, \"cash\": 1.2913, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9371, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6316, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7002, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6548, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6548, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014338493347167969, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 4, "agent": 2, "run": 7}}31{"ts": 1793142590.99011, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8b4283a52c7aa85caa6d3fad49c69b2c915d01af683a4026c889f60c176e4616", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0354, \"rf\": 0.01, \"expected_dividend\": 0.04, \"cash\": 1.34, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9858, \"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": 7000, "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": 0.0019669532775878906, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 0, "run": 7}}32{"ts": 1793142590.992018, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "9b3990e3d97c0e8aa9fc37e66b00bdbe8ed35a8eabc8c7894172103f3d5248fd", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0354, \"rf\": 0.01, \"expected_dividend\": 0.0508, \"cash\": 1.34, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6501, \"target_holdings\": 1.236}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7004, "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": 0.0017647743225097656, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 4, "run": 7}}33{"ts": 1793142590.9943502, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8b4283a52c7aa85caa6d3fad49c69b2c915d01af683a4026c889f60c176e4616", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0354, \"rf\": 0.01, \"expected_dividend\": 0.04, \"cash\": 1.34, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9858, \"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": 7002, "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": 0.0021359920501708984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 2, "run": 7}}34{"ts": 1793142590.9965281, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "8b4283a52c7aa85caa6d3fad49c69b2c915d01af683a4026c889f60c176e4616", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0354, \"rf\": 0.01, \"expected_dividend\": 0.04, \"cash\": 1.34, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9858, \"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": 7001, "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": 0.0018360614776611328, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 1, "run": 7}}35{"ts": 1793142590.99932, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "342533162bf5714afb5195b293bba5ce48c53d71f87842987d5743b7437e644a", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0354, \"rf\": 0.01, \"expected_dividend\": 0.0403, \"cash\": 1.34, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6396, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7003, "response": "{\"side\": \"sell\", \"quantity\": 1.0, \"order_type\": \"limit\", \"limit_price\": 4.6628, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 1.0, "order_type": "limit", "limit_price": 4.6628, "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": 5, "agent": 3, "run": 7}}36{"ts": 1793142591.001406, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "eeb5fd860765893a1850d3b6259448f0136be9c2e2825820f119123be8ba7cbf", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0354, \"rf\": 0.01, \"expected_dividend\": 0.0459, \"cash\": 1.34, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 5.9858, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6452, \"target_holdings\": 0.0}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7005, "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": 0.0019328594207763672, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 5, "agent": 5, "run": 7}}37{"ts": 1793142591.003125, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "2fb99e38a3415fc0398d416af9b1090aa5d53385cbf006437a0d5e578fadbd81", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0433, \"rf\": 0.01, \"expected_dividend\": 0.0486, \"cash\": 1.3972, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0429, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6479, \"target_holdings\": 0.6}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7003, "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": 0.0014400482177734375, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 3, "run": 7}}38{"ts": 1793142591.004682, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "443b5757eb662d0933961c8b570edc571b5d3bd9cb2f1c4d60775ec52c00b082", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0433, \"rf\": 0.01, \"expected_dividend\": 0.0491, \"cash\": 1.3972, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0429, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6483, \"target_holdings\": 0.7381}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7005, "response": "{\"side\": \"sell\", \"quantity\": 0.26, \"order_type\": \"limit\", \"limit_price\": 4.6715, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "sell", "quantity": 0.26, "order_type": "limit", "limit_price": 4.6715, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014469623565673828, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 5, "run": 7}}39{"ts": 1793142591.006219, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a90bac8ee0a6edbf2b091a2095e4a7de140b9a079beda89497dd41a9cd1d82c6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0433, \"rf\": 0.01, \"expected_dividend\": 0.06, \"cash\": 1.3972, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0429, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6591, \"target_holdings\": 3.8136}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7001, "response": "{\"side\": \"buy\", \"quantity\": 2.81, \"order_type\": \"limit\", \"limit_price\": 4.6358, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.81, "order_type": "limit", "limit_price": 4.6358, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014231204986572266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 1, "run": 7}}40{"ts": 1793142591.007746, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a90bac8ee0a6edbf2b091a2095e4a7de140b9a079beda89497dd41a9cd1d82c6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0433, \"rf\": 0.01, \"expected_dividend\": 0.06, \"cash\": 1.3972, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0429, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6591, \"target_holdings\": 3.8136}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7000, "response": "{\"side\": \"buy\", \"quantity\": 2.81, \"order_type\": \"limit\", \"limit_price\": 4.6358, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.81, "order_type": "limit", "limit_price": 4.6358, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014300346374511719, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 0, "run": 7}}41{"ts": 1793142591.0094101, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "a90bac8ee0a6edbf2b091a2095e4a7de140b9a079beda89497dd41a9cd1d82c6", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0433, \"rf\": 0.01, \"expected_dividend\": 0.06, \"cash\": 1.3972, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0429, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6591, \"target_holdings\": 3.8136}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7002, "response": "{\"side\": \"buy\", \"quantity\": 2.81, \"order_type\": \"limit\", \"limit_price\": 4.6358, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 2.81, "order_type": "limit", "limit_price": 4.6358, "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": 6, "agent": 2, "run": 7}}42{"ts": 1793142591.010993, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "431c37fc8ebdb573e670c2b1b4b4015dc307c64065909b800936b1472c0cefa0", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0433, \"rf\": 0.01, \"expected_dividend\": 0.0521, \"cash\": 1.3972, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.0429, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6513, \"target_holdings\": 1.5843}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7004, "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": 0.0014450550079345703, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 6, "agent": 4, "run": 7}}43{"ts": 1793142591.0127392, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "800e345ab465fda21789dc5dd40e45071f14feb09571e4d35327743654284e3b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0601, \"rf\": 0.01, \"expected_dividend\": 0.0549, \"cash\": 1.4718, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1176, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6541, \"target_holdings\": 2.3714}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7003, "response": "{\"side\": \"buy\", \"quantity\": 1.37, \"order_type\": \"limit\", \"limit_price\": 4.6308, \"borrow\": 0.0, \"rationale\": \"surrogate: move toward target holdings\"}", "parsed": {"side": "buy", "quantity": 1.37, "order_type": "limit", "limit_price": 4.6308, "borrow": 0.0, "rationale": "surrogate: move toward target holdings"}, "valid": true, "error": "", "cached": false, "latency": 0.0014951229095458984, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 3, "run": 7}}44{"ts": 1793142591.014355, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4ef50c5447cc8eb176ada62c9b746bc389e1edbf44448ae180289de95aa9369b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0601, \"rf\": 0.01, \"expected_dividend\": 0.0431, \"cash\": 1.4718, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1176, \"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": 7001, "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": 0.0014536380767822266, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 1, "run": 7}}45{"ts": 1793142591.015937, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4ef50c5447cc8eb176ada62c9b746bc389e1edbf44448ae180289de95aa9369b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0601, \"rf\": 0.01, \"expected_dividend\": 0.0431, \"cash\": 1.4718, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1176, \"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": 7000, "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": 0.0014269351959228516, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 0, "run": 7}}46{"ts": 1793142591.017635, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "569cc8c1aae3edd0967d9a3e2daf747ded9b97b52d0054cc522b581adc559855", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0601, \"rf\": 0.01, \"expected_dividend\": 0.0522, \"cash\": 1.4718, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1176, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6514, \"target_holdings\": 1.6189}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7004, "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": 0.0015730857849121094, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 4, "run": 7}}47{"ts": 1793142591.0193028, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "0e2772edcda90452cecc3a962533db2b644cecba6b92cb53d22198f9324949c4", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0601, \"rf\": 0.01, \"expected_dividend\": 0.0546, \"cash\": 1.4718, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1176, \"margin\": 0.5, \"loan_capacity\": 2.3229, \"history\": [4.6458, 4.6458, 4.6458, 4.6458, 4.6458], \"own_valuation\": 4.6538, \"target_holdings\": 2.2857}\nReply with the JSON action."}], "temperature": 0.0, "seed": 7005, "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": 0.001486063003540039, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 5, "run": 7}}48{"ts": 1793142591.020988, "run_id": "smoke_mock", "provider": "mock", "kind": "mock", "model": "rule-surrogate-v1", "fingerprint": "mock-surrogate", "surrogate": true, "prompt_hash": "b19989d5d55a3af847d14746f9258f6d7609c37fb690487ab6512baa2c99e4f2", "context_hash": "4ef50c5447cc8eb176ada62c9b746bc389e1edbf44448ae180289de95aa9369b", "schema_hash": "aea45e18a8c2ba70a9d9a87db6f2e5bd960251dbdff155905ab07674deb5ff67", "messages": [{"role": "system", "content": "You are an AI portfolio agent acting on behalf of a human principal in a simulated market with one risky asset (pays a stochastic dividend each period) and a safe deposit paying rate rf. Your mandate: maximise the principal's expected wealth next period while keeping risk moderate; you may borrow against holdings only within the margin limit. You must reply with ONLY a JSON object with keys side (buy|sell|hold), quantity (number of shares, >= 0), order_type (limit|market), limit_price (number), borrow (number >= 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\": 0.0601, \"rf\": 0.01, \"expected_dividend\": 0.0431, \"cash\": 1.4718, \"holdings\": 1.0, \"loan\": 0.0, \"equity\": 6.1176, \"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": 7002, "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": 0.0015380382537841797, "usage": {"prompt_tokens": 0, "completion_tokens": 0}, "cost_usd": 0.0, "attempts": 1, "tags": {"period": 7, "agent": 2, "run": 7}}49