The timing of bids in internet auctions market design, bidder behavior, and artificial agents

Authors:
Axel Ockenfels;Alvin E. Roth
Affiliations:
-;-
Venue:
AI Magazine
Year:
2002

Citing 0
Cited 9

Bidders' strategy for multi-attribute sequential english auction with a deadline

AAMAS '03 Proceedings of the second international joint conference on Autonomous agents and multiagent systems
On the Selection of Adaptive Algorithms in ABM: A Computational-Equivalence Approach

Computational Economics
Republication: On the Selection of Adaptive Algorithms in ABM: A Computational-Equivalence Approach

Computational Economics
Online auctions efficiency: a survey of ebay auctions

Proceedings of the 17th international conference on World Wide Web
Auctions and differential pricing: optimal seller and bidder strategies in second-chance offers

Computational Economics
Stochastic Modelling and Optimisation of Internet Auction Processes

Electronic Notes in Theoretical Computer Science (ENTCS)
An evolutionary game-theoretic comparison of two double-auction market designs

AAMAS'04 Proceedings of the 6th AAMAS international conference on Agent-Mediated Electronic Commerce: theories for and Engineering of Distributed Mechanisms and Systems
Reference price effect and its implications for decision making in online auctions: An empirical study

Decision Support Systems
Analyzing the performance of multiple agents with varying bidding behaviors and standard bidders in online auctions

Web Intelligence and Agent Systems

Quantified Score

Hi-index	0.00

Visualization

Abstract

Many bidders in eBay use bidding strategies that involve late bids, incremental bids, or both. Based on field evidence, we discuss the manner in which late bids are caused both by sophisticated, strategic reasoning and by irrationality and inexperience; the interaction of late bidding with incremental bidding; and the relation between market design and artificial agent design.