New auction prediction method boosts online bidding accuracy and fairness!
The article introduces a new method to predict the final prices of items in online auctions. By using a transaction trade-off utility function, the researchers were able to create a more accurate prediction model that aligns with how bidders behave in auctions. This approach helps auction platforms calculate social welfare and bidder utility more effectively. The results show that considering transaction utility in online auctions leads to more accurate price predictions, improving the overall auction process.