Understanding bidding behavior in multi-unit auctions remains an ongoing challenge for researchers. Despite their widespread use, theoretical insights into the bidding behavior, revenue ranking, and efficiency of commonly used multi-unit auctions are limited. This paper utilizes artificial intelligence, specifically reinforcement learning, as a model free learning approach to simulate bidding in three prominent multi-unit auctions employed in practice. We introduce six algorithms that are suitable for learning and bidding in multi-unit auctions and compare them using an illustrative example. This paper underscores the significance of using artificial intelligence in auction design, particularly in enhancing the design of multi-unit auctions.
翻译:理解多单元拍卖中的投标行为对研究人员而言仍是一项持续挑战。尽管多单元拍卖被广泛应用,但关于常用多单元拍卖的投标行为、收入排序及效率的理论见解仍然有限。本文利用人工智能,特别是强化学习,作为一种无模型学习方法,模拟实践中采用的三种典型多单元拍卖中的投标过程。我们引入了六种适用于多单元拍卖学习和投标的算法,并通过一个示例对其进行对比。本文强调了人工智能在拍卖设计中的重要性,尤其是在优化多单元拍卖设计方面的作用。