The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Oct. 01, 2013
Filed:
Feb. 07, 2011
Jay S. Walker, Ridgefield, CT (US);
Daniel E. Tedesco, Huntington, CT (US);
Kathleen M. Van Luchene, Santa Fe, NM (US);
James A. Jorasch, New York, NY (US);
Adam Ware, Scarsdale, NY (US);
Jay S. Walker, Ridgefield, CT (US);
Daniel E. Tedesco, Huntington, CT (US);
Kathleen M. Van Luchene, Santa Fe, NM (US);
James A. Jorasch, New York, NY (US);
Adam Ware, Scarsdale, NY (US);
Walker Digital, LLC, Stamford, CT (US);
Abstract
One or more proxy bidders is associated with a rule which determines a time to place a bid. The proxy bidder places a bid at the determined time, instead of immediately after the bidder's prior bid is exceeded. Such rules may be selected for all proxy bidders to encourage a desired auction behavior. By controlling the placement of bids based on rules associated with the desired auction behavior, bids may be placed in a manner that seems natural and competitive to bidders in the auction when, in fact, they are placed in accordance with the selected rules. The desired auction behavior may be selected statically for an auction or dynamically during the auction. Historical auction data maybe analyzed to characterize the behavior of an auction, such as the average period of time between bids and the average increment between bids. Rules may be generated to correspond to a behavior so as to provide the same average time and increment between bids.