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. ...
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...
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...
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...
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...