Computer-implemented method for estimating bidder valuation

Details Computer-implemented method for estimating bidder valuation Computer-implemented method for estimating bidder valuation

2011-03-01

2011-03-01

Kyle, Charles (Department: 3695)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Electronic shopping

C705S014270

Reexamination Certificate

active

07899711

ABSTRACT:
A computer-implemented method for estimating bidder valuation. A probability that a bid of a first bidder in an auction is not greater than a first value is determined, wherein a second bidder has a valuation in the auction equal to a second value. A rate at which the probability changes is determined. The ratio of the probability to the rate of change is determined. The ratio is added to the rival bid to determine an estimate of the first bidder's valuation.

REFERENCES:
patent: 2003/0033194 (2003-02-01), Ferguson et al.
patent: 2003/0078850 (2003-04-01), Hartman et al.
patent: 2004/0054630 (2004-03-01), Ginter et al.
David J. Kappos, Subject Matter Eligibility of Computer Readable Media, Notice of the Director, Jan. 26, 2010, USPTO.

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