Auctions and non-cooperative games: theory and practice

Wednesday, July 16, 2014, 9:15am – 1:15pm
Presented by Onn Shehory
Located in Room 2041

The course will begin with a brief introduction to non-cooperative games, presenting basic concepts and definitions. It will proceed with the basics of mechanisms. It will then focus auctions Рtheory and practice. The basic concepts of auctions will be presented. Then, several auction types will be discussed, including English and Dutch auctions, sealed bid and open cry auctions, first price and n-th price auctions, and others too. Auctioneer and bidder  strategies will be examined. Some specific algorithms will be visited, and case studies from  real auctions will be discussed as well. The course will include some exercise as well.