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» On cheating in sealed-bid auctions
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DA
2007
133views more  DA 2007»
13 years 4 months ago
Decision Analysis: The Right Tool for Auctions
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. ...
Michael H. Rothkopf
IJCAI
2007
13 years 5 months ago
Spiteful Bidding in Sealed-Bid Auctions
We study the bidding behavior of spiteful agents who, contrary to the common assumption of selfinterest, maximize a convex combination of their own proļ¬t and their competitorsā€...
Felix Brandt, Tuomas Sandholm, Yoav Shoham
AAAI
2008
13 years 6 months ago
Bidding Strategies for Realistic Multi-Unit Sealed-Bid Auctions
When autonomous agents decide on their bidding strategies in real world auctions, they have a number of concerns that go beyond the models that are normally analyzed in traditiona...
Ioannis A. Vetsikas, Nicholas R. Jennings
ATAL
2007
Springer
13 years 10 months ago
Outperforming the competition in multi-unit sealed bid auctions
In this paper, we examine the behavior of bidding agents that are in direct competition with the other participants in an auction setting. Thus the agents are not simply trying to...
Ioannis A. Vetsikas, Nicholas R. Jennings
EPEW
2009
Springer
13 years 11 months ago
Performance of Auctions and Sealed Bids
We develop models of automated E-commerce techniques, which predict the economic outcomes of these decision mechanisms, including the price attained by a good and the resulting inc...
Erol Gelenbe, László Györfi