Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely: Most auction research assumes that potential bidders have private information about their willingness to pay for an item. In reality, bidders often have to go through a costly information-gathering process in order to learn their valuations. Recent attempts at modelling this phenomena has brought to light complex strategic behavior arising from information-gathering, and has shown that traditional approaches to auction and mechanism design are not able to overcome it.
['Kate Larson']
I am writing a research paper on a idea Reducing Costly Information Acquisition in Auctions.
[{"from": "human", "value": "I am writing a research paper on a idea Reducing Costly Information Acquisition in Auctions."}, {"from": "gpt", "value": "Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely: Most auction research assumes that potential bidders have private information about their willingness to pay for an item. In reality, bidders often have to go through a costly information-gathering process in order to learn their valuations. Recent attempts at modelling this phenomena has brought to light complex strategic behavior arising from information-gathering, and has shown that traditional approaches to auction and mechanism design are not able to overcome it."}]