TY - GEN
T1 - Agent failures in all-pay auctions
AU - Lewenberg, Yoad
AU - Lev, Omer
AU - Bachrach, Yoram
AU - Rosenschein, Jeffrey S.
PY - 2013
Y1 - 2013
N2 - All-pay auctions, a common mechanism for various human and agent interactions, suffers, like many other mechanisms, from the possibility of players' failure to participate in the auction. We model such failures and show how they affect the equilibrium state, revealing various properties, such as the lack of influence of the most-likely-to-participate player on the behavior of the other players. We perform this analysis with two scenarios: the sum-profit model, where the auctioneer obtains the sum of all submitted bids, and the max-profit model of crowd-sourcing contests, where the auctioneer can only use the best submissions and thus obtains only the winning bid. Furthermore, we examine various methods of influencing the probability of participation such as the effects of misreporting one's own probability of participating, and how influencing another player's participation chances (e.g., sabotage) changes the player's strategy.
AB - All-pay auctions, a common mechanism for various human and agent interactions, suffers, like many other mechanisms, from the possibility of players' failure to participate in the auction. We model such failures and show how they affect the equilibrium state, revealing various properties, such as the lack of influence of the most-likely-to-participate player on the behavior of the other players. We perform this analysis with two scenarios: the sum-profit model, where the auctioneer obtains the sum of all submitted bids, and the max-profit model of crowd-sourcing contests, where the auctioneer can only use the best submissions and thus obtains only the winning bid. Furthermore, we examine various methods of influencing the probability of participation such as the effects of misreporting one's own probability of participating, and how influencing another player's participation chances (e.g., sabotage) changes the player's strategy.
UR - http://www.scopus.com/inward/record.url?scp=84896063460&partnerID=8YFLogxK
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AN - SCOPUS:84896063460
SN - 9781577356332
T3 - IJCAI International Joint Conference on Artificial Intelligence
SP - 241
EP - 247
BT - IJCAI 2013 - Proceedings of the 23rd International Joint Conference on Artificial Intelligence
T2 - 23rd International Joint Conference on Artificial Intelligence, IJCAI 2013
Y2 - 3 August 2013 through 9 August 2013
ER -