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Bicriteria Multidimensional Mechanism Design with Side Information

Neural Information Processing Systems

Mechanism design is a high-impact branch of economics and computer science that studies the implementation of socially desirable outcomes among strategic self-interested agents. Major real-world use cases include combinatorial auctions ( e.g., strategic sourcing, radio spectrum auctions),





Rare copy of Declaration of Independence going to auction

Popular Science

Only around 175 broadsides copies of the document are believed to exist. Breakthroughs, discoveries, and DIY tips sent six days a week. The Declaration of Independence is up for sale, but it will cost more than most of us can afford. Despite this, the edition offered by Goldin Auction originally printed and distributed so that colonists could read the Second Continental Congress' argument for separating from Great Britain in July 1776. The document is part of a collection of over 400 historic items scheduled for auction in May, and is set to coincide with the 250th anniversary of American independence .


'King of Silver Dollars' coin could fetch over 1M at auction

Popular Science

Science Archaeology'King of Silver Dollars' coin could fetch over $1M at auction Coin collectors consider the rare 1804 dollar one of the field's most desirable trophies. Breakthroughs, discoveries, and DIY tips sent every weekday. A 19th century coin widely considered to be "the King of Silver Dollars" is hitting the auction block next week as part of Heritage's FUN US Coins Signature Auction. The Adams-Carter 1804 Class III Draped Bust dollar is one of only 16 known examples of the 1804 silver dollars. The valuable silver coin is the undisputed headliner of the 38-item Presidio Collection that will be auctioned January 14-17.


Improved learning rates in multi-unit uniform price auctions

Neural Information Processing Systems

Motivated by the strategic participation of electricity producers in electricity day-ahead market, we study the problem of online learning in repeated multi-unit uniform price auctions focusing on the adversarial opposing bid setting. The main contribution of this paper is the introduction of a new modeling of the bid space. Indeed, we prove that a learning algorithm leveraging the structure of this problem achieves a regret of $\tilde{O}(K^{4/3}T^{2/3})$ under bandit feedback, improving over the bound of $\tilde{O}(K^{7/4}T^{3/4})$ previously obtained in the literature. This improved regret rate is tight up to logarithmic terms.