[HN Gopher] Auctions and bidding: A guide for computer scientist...
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       Auctions and bidding: A guide for computer scientists (2017)
       [video]
        
       Author : SerCe
       Score  : 54 points
       Date   : 2021-12-19 02:35 UTC (20 hours ago)
        
 (HTM) web link (www.youtube.com)
 (TXT) w3m dump (www.youtube.com)
        
       | eutectic wrote:
       | I really love the auction algorithm for maximum-weight matching,
       | especially the variant where bidders bid the price that makes
       | them indifferent with their second-best option.
       | 
       | It's so simple and elegant.
        
       | jhgb wrote:
       | To me, the real guide to auctions for computer scientists is
       | Vijay Krishna's _Auction Theory_ (2009, Academic Press). At least
       | that 's what was recommended to me once.
        
         | jacobkg wrote:
         | Thanks! I was looking for a book like this and for some reason
         | this one eluded my searches.
        
           | jhgb wrote:
           | I was glad to help. At the time I didn't have a reason or
           | time to go through it comprehensively but it seemed
           | digestible and informative. Perhaps the only problem for me
           | was that lots of these topics are completely new in my small
           | post-Communist country so lots of exotic types of auctions
           | are unrelatable for me but that's clearly not the book's
           | problem but rather mine.
        
       | zokier wrote:
       | I think auctions would be really clever way of solving the issue
       | of product launches with limited supply; right now we are living
       | in a situation where goods sell out in seconds or minutes,
       | possibly crashing the store system, leaving door open for
       | scalpers (although I suspect the effect is exaggerated), and
       | generally leaving everyone unhappy. Something like uniform price
       | auction could work much better.
        
         | cinntaile wrote:
         | Well... The problem is that customers won't appreciate this
         | that much. They're gonna interpret this as companies trying to
         | extort them.
        
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       (page generated 2021-12-19 23:01 UTC)