Computer-implemented method for determining a bid for an...

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

Reexamination Certificate

active

07844535

ABSTRACT:
A computer-implemented method for determining a bid for a auction. A valuation for the auction, a risk preference, and a rate of change of the risk preference are received. A joint distribution is determined based on historical auction information and at least one updated valuation for an historical auction. A density of the joint distribution is determined. The bid is determined based on the risk preference, the rate of change of the risk preference, the valuation, the joint distribution, and the density of the joint distribution.

REFERENCES:
patent: 7096197 (2006-08-01), Messmer et al.
patent: 2002/0174052 (2002-11-01), Guler et al.
Acadecic Press Dictionary of Science and Technology, 1992.
Zhang, Zhang, and Chung, Assisting Seller Pricing Strategy Section for Electronic Auction, Jul. 2004.
Waehrer, Harstad, and Rothkopf, Auction from perferences of risk-averse bid takers, spring 1998, RAND Journal of Economics.
Campo, S., et al., “Asymmetry in First-Price Auctions with Affiliated Private Values”,Journal of Applied Econometrics, (Jan. 14, 2003),179-207.
Klemperer, Paul “Auction Theory: A Guide to the Literature”,Journal of Economic Surveys, (Mar. 1999),1-95.
Li, T., et al., “Structural Estimation of the Affiliated Private Value Auction Model”,RAND Journal of Economics, (2002),171-193.
McAfee, R.P., et al., “Auctions and Bidding”,Journal of Economic Literature, (Jun. 1987),699-738.
Milgrom, P.R., et al., “Econometrica: A Theory of Auctions and Competitive Bidding”,Econometrica, (Sep. 1982),1089.
Paarsch, Harry J., “Deriving an Estimate of the Optimal Reserve Price: An Application to British Columbian Timber Sales”,Journal of Econometrics, (1997),333-357.
Silverman, B.W. “Density Estimation for Statistics and Data Analysis”,School of Mathematics, 90-98.
Wilson, Robert “Strategic Analysis of Auctions”,Handbook of Game Theory with Economic Application, (May 1990),1-64.

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

Computer-implemented method for determining a bid for an... does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Computer-implemented method for determining a bid for an..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Computer-implemented method for determining a bid for an... will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-4156927

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.