Convergence to Price-Taking by Regret-Minimizers in k-Double Auctions
This paper investigates robustness of price-taking behavior in the private value k-double auction under Knightian uncertainty. A decision problem involves Knightian uncertainty if the agent knows the outcome in each possible state of the world for all available actions, but does not know each state&...
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| Format: | Article |
| Language: | English |
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European Alliance for Innovation (EAI)
2016-12-01
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| Series: | EAI Endorsed Transactions on Serious Games |
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| Online Access: | http://eudl.eu/doi/10.4108/eai.8-8-2015.2260618 |