Decision Analysis: The Right Tool for Auctions

13 years 4 months ago

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For bidders in standard sealed bid auctions, I believe that decision theory dominates game theory. Even in the design of auctions, decision theory competes well with game theory. This note explains why I have reached these conclusions.

Michael H. Rothkopf

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DA 2007 | Game Theory | Standard Sealed Bid | Theory |

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Added	13 Dec 2010
Updated	13 Dec 2010
Type	Journal
Year	2007
Where	DA
Authors	Michael H. Rothkopf

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Decision Analysis: The Right Tool for Auctions

DA 2007 | Game Theory | Standard Sealed Bid | Theory |

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