Single-parameter utility
id:
single-parameter-utility-296-9724333
title:
Single-parameter utility
text:
In mechanism design, an agent is said to have single-parameter utility if his valuation of the possible outcomes can be represented by a single number. For example, in an auction for a single item, the utilities of all agents are single-parametric, since they can be represented by their monetary evaluation of the item. In contrast, in a combinatorial auction for two or more related items, the utilities are usually not single-parametric, since they are usually represented by their evaluations to
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wiki
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encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Single-parameter_utility
date created:
date modified:
2022-10-02T21:55:50Z
main entity:
{"identifier":"Q25304591","url":"https://www.wikidata.org/entity/Q25304591"}
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fields total:
13
integrity:
13