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We conduct an incentivized lab experiment to test participants' ability to understand the DA matching mechanism and the strategyproofness property, conveyed in different ways. We find that while many participants can (using a novel GUI) learn DA's mechanics and calculate its outcomes, such understanding does not imply understanding of strategyproofness (as measured by specially designed tests). However, a novel menu description of strategyproofness conveys this property significantly better than other treatments. While behavioral effects are small on average, participants with levels of strategyproofness understanding above a certain threshold play the classical dominant strategy at very high rates.more » « lessFree, publicly-accessible full text available July 8, 2025
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Free, publicly-accessible full text available July 8, 2025
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We consider the sample complexity of revenue maximization for multiple bidders in unrestricted multi-dimensional settings. Specifically, we study the standard model of additive bidders whose values for heterogeneous items are drawn independently. For any such instance and any , we show that it is possible to learn an -Bayesian Incentive Compatible auction whose expected revenue is within of the optimal -BIC auction from only polynomially many samples. Our fully nonparametric approach is based on ideas that hold quite generally and completely sidestep the difficulty of characterizing optimal (or near-optimal) auctions for these settings. Therefore, our results easily extend to general multi-dimensional settings, including valuations that are not necessarily even subadditive , and arbitrary allocation constraints. For the cases of a single bidder and many goods, or a single parameter (good) and many bidders, our analysis yields exact incentive compatibility (and for the latter also computational efficiency). Although the single-parameter case is already well understood, our corollary for this case extends slightly the state of the art.more » « less
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We consider the sample complexity of revenue maximization for multiple bidders in unrestricted multi-dimensional settings. Specifically, we study the standard model of $${n}$$ additive bidders whose values for $${m}$$ heterogeneous items are drawn independently. For any such instance and any $${\varepsilon > 0}$$, we show that it is possible to learn an $${\varepsilon}$$-Bayesian Incentive Compatible auction whose expected revenue is within $${\varepsilon}$$ of the optimal $${\varepsilon}$$-BIC auction from only polynomially many samples. Our approach is based on ideas that hold quite generally, and completely sidestep the difficulty of characterizing optimal (or near-optimal) auctions for these settings. Therefore, our results easily extend to general multi-dimensional settings, including valuations that aren't necessarily even subadditive, and arbitrary allocation constraints. For the cases of a single bidder and many goods, or a single parameter (good) and many bidders, our analysis yields exact incentive compatibility (and for the latter also computational efficiency). Although the single-parameter case is already well-understood, our corollary for this case extends slightly the state-of-the-art.more » « less