Testing a purportedly more learnable auction mechanism
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Author
Contributions
- Burns, James - Contributor
- Parkes, David C. - Contributor
- Barron, Greg, 1968- - Contributor
- Tumer, Kagan - Contributor
- Harvard Business School - Contributor
Publication
2008 - Harvard Business School, Boston, Massachusetts
Language
English
Word Count
9,250 words, Guess
Page Count
37 pages
Identifiers
- OCLC Control Number219450397
- Open LibraryOL48036752M
Description
We describe an auction mechanism in the class of Groves mechanisms that has received attention in the computer science literature because of its theoretical property of being more "learnable" than the standard second price auction mechanism. We bring this mechanism, which we refer to as the "clamped second price auction mechanism," into the laboratory to determine whether it helps human subjects learn to play their optimal strategy faster than the standard second price auction mechanism.
Subjects
Series Statement
- Working paper / Harvard Business School -- 08-064
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