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The dollar auction with spiteful players

Waniek, Marcin, Tran-Thanh, Long, Michalak, Tomasz P. and Jennings, Nicholas (2017) The dollar auction with spiteful players In Proceedings of the Thirty-First AAAI Conference on Artificial Intelligence and the Twenty-Ninth Innovative Applications of Artificial Intelligence Conference. vol. 1, Association for the Advancement of Artificial Intelligence. 7 pp.

Record type: Conference or Workshop Item (Paper)

Abstract

The dollar auction is an auction model used to analyse the dynamics of conflict escalation. In this paper, we analyse the course of an auction when participating players are spiteful, i.e., they are motivated not only by their own profit, but also by the desire to hurt the opponent. We investigate this model for the complete information setting, both for the standard scenario and for the situation where auction starts with nonzero bids. Our results give us insight into the possible effects of meanness onto conflict escalation.

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More information

Accepted/In Press date: 12 September 2016
Published date: 4 February 2017
Organisations: Electronics & Computer Science, Agents, Interactions & Complexity

Identifiers

Local EPrints ID: 406360
URI: http://eprints.soton.ac.uk/id/eprint/406360
ISSN: 2159-5399
PURE UUID: c7de75ef-c7b0-481b-b39a-ecc6a33b1b35
ORCID for Long Tran-Thanh: ORCID iD orcid.org/0000-0003-1617-8316

Catalogue record

Date deposited: 10 Mar 2017 10:45
Last modified: 17 Jul 2017 14:05

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Contributors

Author: Marcin Waniek
Author: Long Tran-Thanh ORCID iD
Author: Tomasz P. Michalak
Author: Nicholas Jennings

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