… naive bidders; naive bidding can persist even when a naive … naive bidding is a decreasing
function of signal dispersion. Indeed, as signal dispersion goes to zero, the proportion of naive …

… can enhance the efficiency of bidding decisions during the early … The Naïve Bayesian
classifier is applied to identify a good … of good projects before final bidding decisions are made. …

… Therefore, we caution the reader that when we characterize “naïve” or decision-theoretic
bidding strategy as irrational, this should not create the impression that the game-theoretic …

… So the naive approach takes exponential time and it is not feasible with even 20-30 bidders.
We leave it as an open problem whether it is NP-hard to compute a PSNE given a set of …

… to the winner that his estimate of the item's value was the highest estimate; as a result, they
bid more cautiously than if they adopted naive strategies. The basis for such sophisticated …

… Unbalance your bid for all work you choose to subcontract by bidding those items at even
below cost. Then subcontract the work at your bid price to a naive businessman who does not …

… This model gives us a taste that buyers may not bid incrementally because they are naive
or are off the equilibrium path. The existence of simultaneous auctions can be a cause for it. …

… Examining panel data on bidding behavior in over forty second-price auction markets with
repeated trials, we observe that (i) posted prices influence the behavior of the median naive …

… and bid/ask their values/costs in auctions. We show that by expropriating naive traders in
direct … In fact, complete expropriation of naive traders is a necessary condition for constrained …

… The bidding behavior of naive traders is captured by the probability … of naive bids lower
than or equal to p. As I explain below, by directly working with the distribution of naive bids rather …