Approximately optimal bidding policies for repeated first-price auctions

DOI10.1007/S10479-012-1148-8MaRDI QIDQ1761811zbMATH OpenOpenAlexFDO

Authors Amir Danak, Shie Mannor

Publication date 15 November 2012

Published in Annals of Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10479-012-1148-8

zbMATH Keywords

game theoryrepeated gamesapproximation methodsmathematical optimizationauctionsBayesian equilibriumdecision-making problems

Mathematics Subject Classification ID

Decision theory (91B06) Auctions, bargaining, bidding and selling, and other market models (91B26) Multistage and repeated games (91A20)

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Cites work

• scientific article; zbMATH DE number 6413793 (Why is no real title available?)
• A Theory of Auctions and Competitive Bidding
• A learning approach to auctions
• Estimation of a Dynamic Auction Game
• How long to equilibrium? The communication complexity of uncoupled equilibrium procedures
• Learning in extensive-form games: Experimental data and simple dynamic models in the intermediate term
• Multi-Object Auctions: Sequential vs. Simultaneous Sales
• Optimal Nonparametric Estimation of First-price Auctions
• Rationality and bounded rationality
• Sequential Common-Value Auctions with Asymmetrically Informed Bidders

Cited in

(3)

• Optimal bidding in auctions from a game theory perspective
• Statistical modeling of Vickrey auctions and applications to automated bidding strategies
• A ``fractal solution to the chopstick auction

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