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Computer-implemented method for determining a bid for an auction

  • US 7,844,535 B2
  • Filed: 10/23/2002
  • Issued: 11/30/2010
  • Est. Priority Date: 10/23/2002
  • Status: Expired due to Fees
First Claim
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1. A computer-implemented method for determining a bid for an auction, said method comprising:

  • receiving, by a computer, a valuation for said auction, a risk preference, and a rate of change of said risk preference;

    determining, by the computer, a joint distribution based on historical auction information and at least one updated valuation for an historical auction;

    determining, by the computer, a density of said joint distribution; and

    determining, by the computer, said bid based on said risk preference, said rate of change of said risk preference, said valuation, said joint distribution, and said density of said joint distribution.

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