Invention Grant
- Patent Title: Computer-implemented method for estimating bidder valuation
- Patent Title (中): 用于估计投标者估价的计算机实现方法
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Application No.: US10279805Application Date: 2002-10-23
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Publication No.: US07899711B2Publication Date: 2011-03-01
- Inventor: Bin Zhang , Kemal Guler
- Applicant: Bin Zhang , Kemal Guler
- Applicant Address: US TX Houston
- Assignee: Hewlett-Packard Development Company, L.P.
- Current Assignee: Hewlett-Packard Development Company, L.P.
- Current Assignee Address: US TX Houston
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A computer-implemented method for estimating bidder valuation. A probability that a bid of a first bidder in an auction is not greater than a first value is determined, wherein a second bidder has a valuation in the auction equal to a second value. A rate at which the probability changes is determined. The ratio of the probability to the rate of change is determined. The ratio is added to the rival bid to determine an estimate of the first bidder's valuation.
Public/Granted literature
- US20040083155A1 Computer-implemented method for estimating bidder valuation Public/Granted day:2004-04-29
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