Multiagent Systems

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Prof. Dr. Jürgen Dix · Department of Informatics, TUC Multiagent Systems, WS 06/07 322/731 4. Decision Making (2) 3. Auctions Lying at Vickrey Does it make sense to countersperculate at private value Vickrey auctions? Vickrey auctions were invented to avoid counterspeculation. But what if the private value for a bidder is uncertain? The bidder might be able to determine it, but she needs to invest c.
Prof. Dr. Jürgen Dix · Department of Informatics, TUC Multiagent Systems, WS 06/07 323/731 4. Decision Making (2) 3. Auctions Example 4.25 (Incentive to counterspeculate) Suppose bidder 1 does not know the (private-) value v 1 of the item to be auctioned. To determine it, she needs to invest cost. We also assume that v 1 is uniformly distributed: v 1 ∈ [0, 1]. For bidder 2, the private value v 2 of the item is fixed: 0 ≤ v 2 < 1 2 . So his dominant strategy is to bid v 2 . Should bidder 1 try to invest cost to determine his private value? How does this depend on knowing v 2 ?
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2. Basic Architectures 2. BDI-Archi
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2. Basic Architectures 3. AOP Prof.
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9. Agents based on FOL 1. First Ord
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9. Agents based on FOL 4. (Con-)Gol
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Situation independent functions dec
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9. Agents based on FOL 7. Reference
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