Boosting Bid Quality in Auctions: Decision Support Tools Make a Difference
The article explores how decision support tools can improve the quality of bids in multi-attribute reverse auctions. By studying the bidding process as a decision-making process, the researchers found that tools aiding all stages of decision-making can lead to high-quality bids. However, factors like the number of bidders and auction attributes can still impact bid quality, even with decision support tools in place.