Analyzing Unique-Bid Auction Sites for Fun and Profit
Download: Paper (PDF)
Date: 24 Apr 2013
Document Type: Presentations
Additional Documents: Slides
Associated Event: NDSS Symposium 2013
Unique-Bid auction sites have gained popularity on the Internet in recent years. Using data extracted from such a site, we constructed an agent-based model simulating users’ bidding behaviors. We designed several automated winning strategies that performed well in the simulated environment. Finally, we demonstrated one strategy against a commercial auction site, achieving a 91% win rate and over 1000GBP profit.