On learning repeated combinatorial auctions
In this work, we discuss how an intelligent agent learns in combinatorial auctions. It is well-known that finding the optimal allocation to maximize revenue is NP-complete, because this is a typical form of Set Package Problem (SPP). We introduce a framework of reinforcement learning to combinatoria...
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Format: | Tagungsbericht |
Sprache: | eng |
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Zusammenfassung: | In this work, we discuss how an intelligent agent learns in combinatorial auctions. It is well-known that finding the optimal allocation to maximize revenue is NP-complete, because this is a typical form of Set Package Problem (SPP). We introduce a framework of reinforcement learning to combinatorial auctions, and discuss how to obtain intelligence about bidding behavior. We show empirical convergence of knowledge within Q-learning framework. By this result, we target fully automated negotiation systems. |
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ISSN: | 1555-5798 2154-5952 |
DOI: | 10.1109/PACRIM.2011.6032900 |