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arXiv · 2207.12255

Implementing a Hierarchical Deep Learning Approach for Simulating Multi-Level Auction Data

Igor Sadoune·Andrea Lodi·Marcelin Joanis
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Abstract

We present a deep learning solution to address the challenges of simulating realistic synthetic first-price sealed-bid auction data. The complexities encountered in this type of auction data include high-cardinality discrete feature spaces and a multilevel structure arising from multiple bids associated with a single auction instance. Our methodology combines deep generative modeling (DGM) with an artificial learner that predicts the conditional bid distribution based on auction characteristics, contributing to advancements in simulation-based research. This approach lays the groundwork for creating realistic auction environments suitable for agent-based learning and modeling applications. Our contribution is twofold: we introduce a comprehensive methodology for simulating multilevel discrete auction data, and we underscore the potential of DGM as a powerful instrument for refining simulation techniques and fostering the development of economic models grounded in generative AI.

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Igor Sadoune, Andrea Lodi, Marcelin Joanis. 2024-02-15. Implementing a Hierarchical Deep Learning Approach for Simulating Multi-Level Auction Data. https://doi.org/10.1007/s10614-024-10622-4

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