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Auctions Learning 1
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Hon-Snir, Shlomit 1 Monderer, Dov 1 Sela, Aner 1
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A Learning Approach to Auctions
Hon-Snir, Shlomit; Monderer, Dov; Sela, Aner - EconWPA - 1996
We analyze a repeated first-price auction in which the types of the players are determined before the first round. It is proved that if every player is using either a belief-based learning scheme with bounded recall or a generalized fictitious play learning scheme, then for sufficiently large...
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