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Prior-independentDynamicAuctionsfora Value-maximizing Buyer

Neural Information Processing Systems

Automatic bidding has become one of the main options for advertisers to buy advertisement opportunities intheonline advertising market[Dolan, 2020]. Theprevalence ofautomatic bidding is partly driven by the fact that it significantly simplifies the interaction between the advertisers and theadvertisingplatform.




0ee633a6ade45eab4276352b3ee79c7a-Paper-Conference.pdf

Neural Information Processing Systems

A fundamental difference between our learning problem from standard RL problems is that the realized reward feedback from conversion incrementality ismixed and delayed.