COMPUTER-IMPLEMENTED METHOD FOR DETERMINING A BID FOR AN AUCTION

Patent №

US 7,844,535

Granted

2010-11-30

Filed 2002

Owner

HEWLETT-PACKARD COMPANY

+1 more

Lab

AI components

4

ml · kr · planning · evo

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

10279307

A computer-implemented method for determining a bid for a auction. A valuation for the auction, a risk preference, and a rate of change of the risk preference are received. A joint distribution is determined based on historical auction information and at least one updated valuation for an historical auction. A density of the joint distribution is determined. The bid is determined based on the risk preference, the rate of change of the risk preference, the valuation, the joint distribution, and the density of the joint distribution.

AI classification

Evolutionary computation0.99
Knowledge representation0.80
Machine learning0.70
Planning0.59
AI hardware0.03
Vision0.00
Natural language0.00
Speech0.00

Ownership

HEWLETT-PACKARD COMPANY

assignment · 134300019

HEWLETT-PACKARD DEVELOPMENT COMPANY, L.P.

correct · 251510226

Assignors

GULER, KERNAL, ZHANG, BIN

On an employer assignment, the assignors are typically the inventors.

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