Bidding in multiple on-line auctions
A method of determining a bidding strategy for purchasing a plurality of goods from a plurality of different types of on-line auctions is described. The method comprises: accessing probabilistic belief models for each of the plurality of different types of auctions; considering combinations of bids...
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| creator | PREIST CHRISTOPHER WILLIAM BYDE ANDREW ROBERT |
| description | A method of determining a bidding strategy for purchasing a plurality of goods from a plurality of different types of on-line auctions is described. The method comprises: accessing probabilistic belief models for each of the plurality of different types of auctions; considering combinations of bids in each specific auction type for the plurality of different types of auctions; removing each possible bid of the combination of bids which fails to meet a predefined constraint of that type of auction for the plurality of different types of auctions, by use of the probabilistic belief models; estimating the expected benefit of each possible combination of bids across different types of auctions by use of the probabilistic belief models; and selecting the combination of bids across different types of auction which provides the highest expected benefit, for use as the bidding strategy. |
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The method comprises: accessing probabilistic belief models for each of the plurality of different types of auctions; considering combinations of bids in each specific auction type for the plurality of different types of auctions; removing each possible bid of the combination of bids which fails to meet a predefined constraint of that type of auction for the plurality of different types of auctions, by use of the probabilistic belief models; estimating the expected benefit of each possible combination of bids across different types of auctions by use of the probabilistic belief models; and selecting the combination of bids across different types of auction which provides the highest expected benefit, for use as the bidding strategy.</description><edition>7</edition><language>eng</language><subject>CALCULATING ; COMPUTING ; COUNTING ; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES ; PHYSICS ; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR</subject><creationdate>2003</creationdate><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://worldwide.espacenet.com/publicationDetails/biblio?FT=D&date=20031218&DB=EPODOC&CC=US&NR=2003233315A1$$EHTML$$P50$$Gepo$$Hfree_for_read</linktohtml><link.rule.ids>230,308,776,881,25542,76290</link.rule.ids><linktorsrc>$$Uhttps://worldwide.espacenet.com/publicationDetails/biblio?FT=D&date=20031218&DB=EPODOC&CC=US&NR=2003233315A1$$EView_record_in_European_Patent_Office$$FView_record_in_$$GEuropean_Patent_Office$$Hfree_for_read</linktorsrc></links><search><creatorcontrib>PREIST CHRISTOPHER WILLIAM</creatorcontrib><creatorcontrib>BYDE ANDREW ROBERT</creatorcontrib><title>Bidding in multiple on-line auctions</title><description>A method of determining a bidding strategy for purchasing a plurality of goods from a plurality of different types of on-line auctions is described. 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| subjects | CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR |
| title | Bidding in multiple on-line auctions |
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