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Robust bidding in first-price auctions : how to bid without knowing what others are doing

Kasberger, Bernhard; Schlag, Karl H. - 2017

Persistent link: https://www.econbiz.de/10011742678

Simulation-based robust optimization for the schedule of single-direction bus transit route : the design of experiment

Zhang, Wei; Xu, Wangtu - In: Transportation research / E : an international journal 106 (2017), pp. 203-230

Persistent link: https://www.econbiz.de/10011760965

Regression and Kriging metamodels with their experimental designs in simulation : a review

Kleijnen, Jack P. C. - In: European journal of operational research : EJOR 256 (2017) 1, pp. 1-16

Persistent link: https://www.econbiz.de/10011611105

Robust learning experiments : evidence for learning and deliberation

Güth, Werner - 2000

Robust learning experiments confront participants with structurally different decision environments which they encounter, furthermore, repeatedly. Since the decision format does not depend on the rules (of game), forward looking deliberation (the shadow of the future) can be detected by...

Persistent link: https://www.econbiz.de/10009612041

Robust Mechanism Design and Social Preferences

Bierbrauer, Felix - 2014

We study a classic mechanism design problem: How to organize trade between two privately informed parties. We characterize an optimal mechanism under selfish preferences and present experimental evidence that, under such a mechanism, a non-negligible fraction of individuals deviates from the...

Persistent link: https://www.econbiz.de/10013055380

Robust Optimization Using Computer Experiments

Stinstra, Erwin; Hertog, Dirk den - 2006

During metamodel-based optimization three types of implicit errors are typically made.The first error is the simulation-model error, which is defined by the difference between reality and the computer model.The second error is the metamodel error, which is defined by the difference between the...

Persistent link: https://www.econbiz.de/10014062463

Robust Experimentation in the Continuous Time Bandit Problem

Pourbabaee, Farzad - 2020

We study the experimentation dynamics of a decision maker (DM) in a two-armed bandit setup (Bolton and Harris [1999]), where the agent holds ambiguous beliefs regarding the distribution of the return process of one arm and is certain about the other one. The DM entertains Multiplier preferences...

Persistent link: https://www.econbiz.de/10012852164

Financial Thought Experiment : A GAN-based Approach to Vast Robust Portfolio Selection

Pun, Chi Seng - 2020

Modern day trading practice resembles a thought experiment, where investors imagine various possibilities of future … guarantees the reasonableness of the experiment. Second, GAN generates multitudes of fake data, which implements half of the … experiment. In this paper, we present a new architecture of GAN and adapt it to portfolio risk minimization problem by adding a …

Persistent link: https://www.econbiz.de/10012832648

Robust inference in first-price auctions : experimental findings as identifying restrictions

Grundl, Serafin; Zhu, Yu - 2019

In laboratory experiments bidding in first-price auctions is more aggressive than predicted by the risk-neutral Bayesian Nash Equilibrium (RNBNE) - a finding known as the overbidding puzzle. Several models have been proposed to explain the overbidding puzzle, but no canonical alternative to...

Persistent link: https://www.econbiz.de/10012017494

Robust parameter design for constrained randomization lifetime improvement experiments

Lv, Shanshan; Zhao, Yichen; Li, Sen; Wang, Guodong; … - In: Journal of management science and engineering 10 (2025) 1, pp. 126-141

robust product reliability under a constrained randomization experiment. To consider random effects, we develop a Bayesian … lifetime, and minimizing the lifetime variance. An industrial thermostat experiment is conducted to validate the proposed …

Persistent link: https://www.econbiz.de/10015361722