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Arxiv
2d
46
Image Credit: Arxiv
Learning to Coordinate Bidders in Non-Truthful Auctions
- In non-truthful auctions like first-price and all-pay auctions, independent strategic behaviors of bidders can lead to undesirable outcomes.
- Coordinating bidders by having a mediator recommend correlated bidding strategies can improve auction systems.
- Learning Bayes correlated equilibria in non-truthful auctions requires understanding bidders' private valuations, which may not always be available.
- The sample complexity of learning Bayes correlated equilibria in auctions can be achieved with a polynomial number of samples.
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