Heuristics for the deterministic bidding problem

  • Authors:
  • Amy Greenwald;Victor Naroditskiy

  • Affiliations:
  • Brown University;Brown University

  • Venue:
  • ACM SIGecom Exchanges
  • Year:
  • 2006

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Abstract

We study a suite of heuristics that were designed for bidding in the simultaneous auctions that characterize the Trading Agent Competition (TAC) Travel Game. At a high-level, the design of many successful TAC agents can be summarized as: (i) predict: build a model of the auctions' clearing prices, and (ii) optimize: solve for an (approximately) optimal set of bids, given this model. We focus on the optimization piece of this design.