Game theory and machine learning offer better bidding strategies

(PhysOrg.com) -- By combining techniques from game theory and artificial intelligence, computer scientists at the University of Michigan have developed a better way to find the best bidding strategy in a simulated auction modeled after commodity and financial securities markets.

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<p><a href="http://www.physorg.com/news161450074.html">Game theory and machine learning offer better bidding strategies</a></p> <p>(PhysOrg.com) -- By combining techniques from game theory and artificial intelligence, computer scientists at the University of Michigan have developed a better way to find the best bidding strategy in a simulated auction modeled after commodity and financial securities markets.</p>