[KongchangAI]
Person

William Vickrey

An economist who proposed the Vickrey auction (second-price sealed-bid auction) mechanism, which possesses the property of incentive compatibility.

Timeline (last 90 days)

Oct 18

The Vickrey auction (second-price sealed-bid auction) was proposed by economist William Vickrey, and its core property is incentive compatibility: each bidder's dominant strategy is to truthfully report its true valuation.

Unverified50%
Aug 29

VCG拍卖(Vickrey-Clarke-Groves Auction)由诺贝尔经济学奖得主William Vickrey提出,理论上能实现更优的激励相容性,但因计算复杂度过高在实际广告系统中未被广泛采用

Unverified50%

All Facts (2)

Source Articles