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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.
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.
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.