no code implementations • 21 Mar 2023 • Ethan Che, Hongseok Namkoong
Standard bandit algorithms that assume continual reallocation of measurement effort are challenging to implement due to delayed feedback and infrastructural/organizational difficulties.
no code implementations • 16 Nov 2019 • Ethan Che
We find that a second-price auction with a symmetric, random reserve price obtains the optimal revenue guarantee within a broad class of mechanisms we refer to as competitive mechanisms, which include standard auction formats, including the first-price auction, with or without reserve prices.