发明名称 |
Joint estimation of bidders' risk attitudes and private information |
摘要 |
A method and apparatus for determining private information and risk attitudes of bidders at auctions. By varying auction formats, the underlying risk attitudes and joint distribution of bidders' private information is extracted. Bids submitted in utility-independent auctions are used to determine the bidders private information. Risk attitudes for bidders are determined using utility-dependent auctions and using the determined bidders' private information. When there is insufficient auction data for determining private information and risk attitudes, additional auctions are conducted to obtain the needed auction data. The results can then be used for designing auctions and for determining bids to be made by buyers.
|
申请公布号 |
US2003014349(A1) |
申请公布日期 |
2003.01.16 |
申请号 |
US20010904311 |
申请日期 |
2001.07.11 |
申请人 |
GULER KEMAL;LIU TONGWEI;TANG HSIU-KHUERN |
发明人 |
GULER KEMAL;LIU TONGWEI;TANG HSIU-KHUERN |
分类号 |
G06Q30/00;(IPC1-7):G06F17/60 |
主分类号 |
G06Q30/00 |
代理机构 |
|
代理人 |
|
主权项 |
|
地址 |
|