The Dollar Auction with Spiteful Players

Authors

  • Marcin Waniek University of Warsaw
  • Long Tran-Thanh University of Southampton
  • Tomasz Michalak University of Oxford, University of Warsaw
  • Nicholas Jennings Imperial College London

DOI:

https://doi.org/10.1609/aaai.v31i1.10570

Keywords:

dollar auction, all-pay auction, spitefulness

Abstract

The dollar auction is an auction model used to analyse the dynamics of conflict escalation. In this paper, we analyse the course of an auction when participating players are spiteful, i.e., they are motivated not only by their own profit, but also by the desire to hurt the opponent. We investigate this model for the complete information setting, both for the standard scenario and for the situation where auction starts with non-zero bids. Our results give us insight into the possible effects of meanness onto conflict escalation.

AAAI-2017 Proceedings Cover

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Published

2017-02-10

How to Cite

Waniek, M., Tran-Thanh, L., Michalak, T., & Jennings, N. (2017). The Dollar Auction with Spiteful Players. Proceedings of the AAAI Conference on Artificial Intelligence, 31(1). https://doi.org/10.1609/aaai.v31i1.10570

Issue

Vol. 31 No. 1 (2017): Thirty-First AAAI Conference on Artificial Intelligence

Section

AAAI Technical Track: Game Theory and Economic Paradigms