Addictive Auctions: using lucky-draw and gambling addiction to increase participation during auctioning

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Tác giả: Ravin Kumar

Ngôn ngữ: eng

Ký hiệu phân loại: 174.6 Gambling business

Thông tin xuất bản: 2019

Mô tả vật lý:

Bộ sưu tập: Metadata

ID: 162983

Auction theories are believed to provide a better selling opportunity for the resources to be allocated. Various organizations have taken measures to increase trust among participants towards their auction system, but trust alone cannot ensure a high level of participation. We propose a new type of auction system which takes advantage of lucky draw and gambling addictions to increase the engagement level of candidates in an auction. Our system makes use of security features present in existing auction systems for ensuring fairness and maintaining trust among participants.Comment: 9 pages, 7 figures, and 2 tables
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