Proceedings of the KIEE Conference (대한전기학회:학술대회논문집)
- 2001.11b
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- Pages.63-66
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- 2001
Building a Bidding Strategy using Dynamic Game Theory
동적게임을 이용한 입찰전략수립
- Kang, Dong-Joo (KERI) ;
- Moon, Young-Hwan (KERI) ;
- Oh, Tae-Kyoo (KERI) ;
- Kim, Bal-Ho (Hong-ik Univ.)
- Published : 2001.11.16
Abstract
In the Poolco model, the bidding game is executed periodically. The player participating to the bidding game accumulates the information of others' strategies and payoffs through the repeated process. Thereby, he is able to map out how he gets his maximum profit, and proceed to the optimal strategy region. This paper shows the algorithm for a player to determine his strategy in t period based the information of the game results of t-1, t-2 period. And this algorithm can be formulated by using Dynamic game theory.
Keywords