Optimizing Bidding Strategies in First-Price Auctions in Binary Feedback Setting with Predictions
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Abstract (arXiv)
This paper studies Vickrey first-price auctions under binary feedback. Leveraging the enhanced performance of machine learning algorithms, the new algorithm uses past information to improve the regret bounds of the BROAD-OMD algorithm. Motivated by the growing relevance of first-price auctions and the predictive capabilities of machine learning models, this paper proposes a new algorithm within the BROAD-OMD framework (Hu et al., 2025) that leverages predictions of the highest competing bid. This paper's main contribution is an algorithm that achieves zero regret under accurate predictions. Additionally, a bounded regret bound of O(T^(3/4) * Vt^(1/4)) is established under certain normality conditions.
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References · 5
- 2013Non-stationary Stochastic Optimizationcited by 175
- 2018More Adaptive Algorithms for Adversarial Banditscited by 114
- 2015Online Optimization : Competing with Dynamic Comparatorscited by 99
- 2019Bayesian Nash Equilibrium in First-Price Auction with Discrete Value Distributionscited by 6
- 2025Learning to Bid in Non-Stationary Repeated First-Price Auctionscited by 5
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