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Robust Auction Design in the Auto-bidding World

NeurIPS 2021 · Learning theory and algorithms › Submodular and game algorithms · approach: Learned auction design · 1 citations (OpenAlex)

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Measured effects reported in the paper

What was changedWhereMeasuredEffect
Add reserve prices and boosts instead of using reserves aloneVCG · Semi-synthetic auctions, γ = 0.3, after convergencewelfare lift: 37.4% ± 3.2% -> 55.4% ± 3.3%Helped
Add reserve prices and boosts instead of using reserves aloneVCG · Semi-synthetic auctions, γ = 0.3, after convergencerevenue lift: 28.2% ± 1.7% -> 44.9% ± 1.9%Helped
Use reserve prices rather than boosts aloneVCG · Semi-synthetic auctions, γ = 0.3, after convergencewelfare lift: 23.0% ± 3.4% -> 37.4% ± 3.2%Helped
Use reserve prices rather than boosts aloneVCG · Semi-synthetic auctions, γ = 0.3, after convergencerevenue lift: 23.7% ± 2.2% -> 28.2% ± 1.7%Helped
Increase signal accuracy from γ = 0.3 to γ = 0.7VCG with reserve, boost, or both · Semi-synthetic auctions, after convergencewelfare lift: 37.4% ± 3.2% -> 58.6% ± 3.3%; 23.0% ± 3.4% -> 47.7% ± 3.2%; 55.4% ± 3.3% -> 67.6% ± 3.2%Helped
Increase signal accuracy from γ = 0.3 to γ = 0.7VCG with reserve, boost, or both · Semi-synthetic auctions, after convergencerevenue lift: 28.2% ± 1.7% -> 54.1% ± 1.8%; 23.7% ± 2.2% -> 51.2% ± 3.0%; 44.9% ± 1.9% -> 59.9% ± 2.2%Helped
Add reserve pricesVCG with value-maximizing bidders · Before bidders respondwelfareNo clear effect
Add boostsVCG with value-maximizing bidders · Before bidders respondwelfareHelped
Allow value maximizers to respond to reserve pricesVCG with reserve prices · During bidder responsewelfareHelped
Allow value maximizers to respond to boostsVCG with boosts · During bidder responsewelfareHurt
Use reserve prices and boosts together instead of either component aloneVCG · Semi-synthetic auctions, after convergencewelfare and revenueHelped
Use reserve prices and boostsVCG · Undominated bids with γ-approximate value signalssocial welfare approximation: 1/(2-γ) -> (1+γ)/2Helped

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