Japanese auction - PowerPoint PPT Presentation

CS6283 Topics in Computer Science IV: Computational Social Choice

CS6283 Topics in Computer Science IV: Computational Social Choice. Instructor: Yair Zick 2017. Introduction to Mechanism Design. Truthful Auctions and Bidding. Auctions Around Us. Why do we want truthful reporting?. Single Item Auctions. We have a single item for sale.

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391 views • 37 slides

(Single-item) auctions

(Single-item) auctions. v(. ) = $5. Vincent Conitzer conitzer@cs.duke.edu. v(. ) = $3. A few different 1-item auction mechanisms. English auction: Each bid must be higher than previous bid Last bidder wins, pays last bid Japanese auction:

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254 views • 13 slides

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