Speaker: George Pantazis
Day:  Wednesday, 04/11/2007
Room: ITEB 336
Time: 2:00-3:30pm

Title: Auction Theory and Mechanisms

Abstract

Auction Theory and Mechanisms - A Literature Survey. Discuss what auction 
theory is, what are the goals and answer some of the questions that arise. 
Describe the protocols and strategies of the basic auction types and 
analyze what is the most efficient way to bid on certain auctions. We will 
compare different auction formats, identify similarities and analyze which 
protocols are better for the bidders and sellers. We will also observe how 
bidder collusion affects auctions. Finally, an interactive demo will be 
presented that will require audience participation by bidding in virtual 
auctions.