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authorThibaut Horel <thibaut.horel@gmail.com>2014-11-02 18:39:58 -0500
committerThibaut Horel <thibaut.horel@gmail.com>2014-11-02 18:39:58 -0500
commitad34f70f9ce87b23eb255e833e24c447854d675b (patch)
tree55912325f9ea40a7d2c507539b45731a8ce80222
parentb3ec93577ce7835379d31c36f6518848c75c4718 (diff)
downloadecon2099-ad34f70f9ce87b23eb255e833e24c447854d675b.tar.gz
End
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diff --git a/project/main.tex b/project/main.tex
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@@ -67,14 +67,14 @@ make some assumptions on the behaviors of the agents. Finding the right
behavioral axioms is part of the project, but we list a few natural candidates
that we are planning to consider:
\begin{itemize}
- \item each bidder not only has a utility function that expresses his utility at the
- end of the auction, but also maintains a distribution on the
- probability of being allocated.
+ \item each bidder not only has a utility function that expresses her
+ utility at the end of the auction, but also maintains a distribution on
+ the probability of being allocated.
\item at each time step, the bidders update their distribution based on
what has been observed at the previous step. Hence the bidders'
- distribution are a function of the past history up to this point.
+ distributions are a function of the past history up to this point.
\item at each time step, if a bidder is not currently winning, she is
- willing to sacrifice some expected utility to increase their
+ willing to sacrifice some expected utility to increase her
probability of being allocated. That is, the agents' are not fully
rational with respect to their ``outside-the-auction utility'': while
the auction is still running, the utility function that they are
@@ -92,4 +92,5 @@ their true utility.
\section{Relevant Prior Work} We are planning to consider prior work on first-price auctions where the bidders have multiple rounds of bidding over time, and various mechanisms that can capture this idea. One inspiration comes from the \lq\lq bid-your-utility \rq\rq auction described in the following paper: Hoy, D., Jain, K., \& Wilkens, C. A. (2013, June). A dynamic axiomatic approach to first-price auctions. In Proceedings of the fourteenth ACM conference on Electronic commerce (pp. 583-584). ACM.
+We were also planning to get inspiration from the deffered-acceptance mechanism in relation to the ascending-clock auction from the paper P. Duetting, V. Gkatzelis, and T. Roughgarden, The Performance of Deferred-Acceptance Auctions. In EC '14.
\end{document}