Complex Bidding Dominates Simple Bidding in Combinatorial Auctions, Impacting Outcomes.
Complex bidding in combinatorial auctions can outperform simple bidding strategies, where bidders bid on goods they are not interested in. This can significantly impact auction outcomes, as shown in the study of two common auction mechanisms. In some cases, bidders may need to bid on many bundles, even if they only want one item. This manipulation should be considered by both bidders and auction designers.