2min chapter

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Artificial Intelligence and Auction Design

Data Skeptic

CHAPTER

General Search Auctions - Is There an Equilibria?

I think the equilibria exist. I also think that sort of the algardums used right now are not the sophisticated algardoms proposed by the computer science community. And i think it's important for us to understand what might be going on when we use less than great algardums for the purpose of bidding. At the end of the day, the bottom in gets actually affected by the fact that we're using not octomogs. Sure, for example, i've known some unsophisticated companies to adopt a global strateg yo like bid two dollars on literally all keywords,. That'll get you on line and get you winning some auctions but clearly non optimal.

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