It's not a true Vickrey mechanism. -Michael Ostrovsky

 

It's not a true Vickrey mechanism.


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This quote is just one of 6 total Michael Ostrovsky quotes in our collection. Michael Ostrovsky is known for saying 'It's not a true Vickrey mechanism.' as well as some of the following quotes.

If some bidders are naive, and they bid the highest amount they're willing to pay, then they may end up overpaying.

Michael Ostrovsky
232

It's not a true Vickrey mechanism.

Michael Ostrovsky
202
Remarkably, under this pricing scheme, it is optimal for each advertiser to bid his actual value per click, regardless of what other advertisers do. -Michael Ostrovsky
158

At the very least, we want to educate advertisers about the fact that in some sense they are being taken advantage of. Under the current mechanism, if they don't think carefully about their bidding strategies, they can end up paying a lot more to the search engines than they need to.

Michael Ostrovsky
152

Overall, this would stabilize the auction system.

Michael Ostrovsky
146
Companies would be much better off using such resources to enhance their products, improve customer service, or what have you. -Michael Ostrovsky
142