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arXiv · 2506.15817

Optimizing Bidding Strategies in First-Price Auctions in Binary Feedback Setting with Predictions

Jason Tandiary
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Abstract

This paper studies Vickrey first-price auctions under binary feedback. Leveraging the enhanced performance of machine learning algorithms, the new algorithm uses past information to improve the regret bounds of the BROAD-OMD algorithm. Motivated by the growing relevance of first-price auctions and the predictive capabilities of machine learning models, this paper proposes a new algorithm within the BROAD-OMD framework (Hu et al., 2025) that leverages predictions of the highest competing bid. This paper's main contribution is an algorithm that achieves zero regret under accurate predictions. Additionally, a bounded regret bound of O(T^(3/4) * Vt^(1/4)) is established under certain normality conditions.

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Jason Tandiary. 2025-06-18. Optimizing Bidding Strategies in First-Price Auctions in Binary Feedback Setting with Predictions. https://arxiv.org/abs/2506.15817

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