An adaptive algorithm for selecting profitable keywords for search-based advertising services
EC '06 Proceedings of the 7th ACM conference on Electronic commerce
Revenue analysis of a family of ranking rules for keyword auctions
Proceedings of the 8th ACM conference on Electronic commerce
Greedy bidding strategies for keyword auctions
Proceedings of the 8th ACM conference on Electronic commerce
Simulation-based game theoretic analysis of keyword auctions with low-dimensional bidding strategies
UAI '09 Proceedings of the Twenty-Fifth Conference on Uncertainty in Artificial Intelligence
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This paper describes the design and evaluation of Aston-TAC, the runner-up in the Ad Auction Game of 2009 International Trading Agent Competition. In particular, we focus on how Aston-TAC generates adaptive bid prices according to the Market-based Value Per Click and how it selects a set of keyword queries to bid on to maximise the expected profit under limited conversion capacity. Through evaluation experiments, we show that AstonTAC performs well and stably not only in the competition but also across a broad range of environments.