Discovering the game in auctions

Michael Kaisers, Karl Tuyls, Frank Thuijsman, Simon Parsons

Research output: Contribution to conferencePaperAcademic

Abstract

Auctions are pervasive in today's society. They provide a variety of markets, ranging from consumer-toconsumer online auctions to government-to-business auctions for telecommunications spectrum licenses. Starting from a set of trading strategies, this article enables a strategic choice by introducing the use of linear programming as a methodology to approximate heuristic payoff tables by normal form games. This method is evaluated on data from auction simulation by applying an evolutionary game theory analysis. The ...
Original languageEnglish
Number of pages8
Publication statusPublished - 2008

Keywords

  • Auction theory
  • Evolutionary game theory
  • Multi-agent games

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