@inproceedings{Wang2015OptimalAF, title={Optimal Auctions for Partially Rational Bidders}, author={Zihe Wang and Pingzhong Tang}, booktitle={IJCAI}, year={2015} }

- Published 2015 in IJCAI

We investigate the problem of revenue optimal mechanism design [Myerson, 1981] under the context of the partial rationality model, where buyers randomize between two modes: rational and irrational. When a buyer is irrational (can be thought of as lazy), he acts according to certain fixed strategies, such as bidding his true valuation. The seller cannot… CONTINUE READING

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