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Author: Wolfgang Jank
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Electronic commerce, and in particular online auctions, have received an extreme surge of popularity in recent years. While auction theory has been studied for a long time from a game-theory perspective, the electronic implementation of the auction mechanism poses new and challenging research questions. In this work, we focus on the price formation process and its dynamics. We present a new source of rich auction data and introduce an innovative way of modelling and analyzing price dynamics. We represent auctions as functional objects by accommodating the special structure of bidding data. We then use functional data analysis to characterize different types of auctions. Our findings suggest that there are several types of dynamics even for auctions of comparable items. By profiling these differences with respect to features associated with the auction format, the seller and the winner we find new relationships between dynamics and auction settings, and we tie these findings to the existing literature on online auctions.
Author: Wolfgang Jank
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Electronic commerce, and in particular online auctions, have received an extreme surge of popularity in recent years. While auction theory has been studied for a long time from a game-theory perspective, the electronic implementation of the auction mechanism poses new and challenging research questions. In this work, we focus on the price formation process and its dynamics. We present a new source of rich auction data and introduce an innovative way of modelling and analyzing price dynamics. We represent auctions as functional objects by accommodating the special structure of bidding data. We then use functional data analysis to characterize different types of auctions. Our findings suggest that there are several types of dynamics even for auctions of comparable items. By profiling these differences with respect to features associated with the auction format, the seller and the winner we find new relationships between dynamics and auction settings, and we tie these findings to the existing literature on online auctions.
Author: Wolfgang Jank
Publisher: John Wiley & Sons
ISBN: 1118031865
Category : Mathematics
Languages : en
Pages : 321
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Book Description
Explore cutting-edge statistical methodologies for collecting, analyzing, and modeling online auction data Online auctions are an increasingly important marketplace, as the new mechanisms and formats underlying these auctions have enabled the capturing and recording of large amounts of bidding data that are used to make important business decisions. As a result, new statistical ideas and innovation are needed to understand bidders, sellers, and prices. Combining methodologies from the fields of statistics, data mining, information systems, and economics, Modeling Online Auctions introduces a new approach to identifying obstacles and asking new questions using online auction data. The authors draw upon their extensive experience to introduce the latest methods for extracting new knowledge from online auction data. Rather than approach the topic from the traditional game-theoretic perspective, the book treats the online auction mechanism as a data generator, outlining methods to collect, explore, model, and forecast data. Topics covered include: Data collection methods for online auctions and related issues that arise in drawing data samples from a Web site Models for bidder and bid arrivals, treating the different approaches for exploring bidder-seller networks Data exploration, such as integration of time series and cross-sectional information; curve clustering; semi-continuous data structures; and data hierarchies The use of functional regression as well as functional differential equation models, spatial models, and stochastic models for capturing relationships in auction data Specialized methods and models for forecasting auction prices and their applications in automated bidding decision rule systems Throughout the book, R and MATLAB software are used for illustrating the discussed techniques. In addition, a related Web site features many of the book's datasets and R and MATLAB code that allow readers to replicate the analyses and learn new methods to apply to their own research. Modeling Online Auctions is a valuable book for graduate-level courses on data mining and applied regression analysis. It is also a one-of-a-kind reference for researchers in the fields of statistics, information systems, business, and marketing who work with electronic data and are looking for new approaches for understanding online auctions and processes. Visit this book's companion website by clicking here
Author: Wolfgang Jank
Publisher: John Wiley & Sons
ISBN: 0470323183
Category : Mathematics
Languages : en
Pages : 451
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Book Description
This groundbreaking book introduces the application of statistical methodologies to e-Commerce data With the expanding presence of technology in today's economic market, the use of the Internet for buying, selling, and investing is growing more popular and public in nature. Statistical Methods in e-Commerce Research is the first book of its kind to focus on the statistical models and methods that are essential in order to analyze information from electronic-commerce (e-Commerce) transactions, identify the challenges that arise with new e-Commerce data structures, and discover new knowledge about consumer activity. This collection gathers over thirty researchers and practitioners from the fields of statistics, computer science, information systems, and marketing to discuss the growing use of statistical methods in e-Commerce research. From privacy protection to economic impact, the book first identifies the many obstacles that are encountered while collecting, cleaning, exploring, and analyzing e-Commerce data. Solutions to these problems are then suggested using established and newly developed statistical and data mining methods. Finally, a look into the future of this evolving area of study is provided through an in-depth discussion of the emerging methods for conducting e-Commerce research. Statistical Methods in e-Commerce Research successfully bridges the gap between statistics and e-Commerce, introducing a statistical approach to solving challenges that arise in the context of online transactions, while also introducing a wide range of e-Commerce applications and problems where novel statistical methodology is warranted. It is an ideal text for courses on e-Commerce at the upper-undergraduate and graduate levels and also serves as a valuable reference for researchers and analysts across a wide array of subject areas, including economics, marketing, and information systems who would like to gain a deeper understanding of the use of statistics in their work.
Author: Robert J. Kauffman
Publisher: M.E. Sharpe
ISBN: 0765622955
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
This groundbreaking volume introduces new methodological approaches to data analysis as well as new techniques for collecting and cataloging transactional data to assist IS researchers in dealing with new and radical forms of IT innovation that continue to energize electronic commerce.
Author: Robert J. Kauffman
Publisher: Routledge
ISBN: 1317472438
Category : Business & Economics
Languages : en
Pages : 337
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Book Description
The methods and thinking of economics permeate a large part of the IS discipline. Reciprocally, newly emerging research methods relying on the IT-enabled treatment of massive data aggregates feed economic research. As new and radical forms of IT innovation continue to energize electronic commerce, IS researchers face a daunting task in using existing empirical methods and tools to understand the threats, opportunities, risks, and rewards of these new techniques. This groundbreaking volume leads the way. It introduces new methodological approaches to data analysis as well as new techniques for collecting and cataloging transactional data. The ideas it presents have broad appeal and demonstrate what is possible when new techniques and new ways of thinking are brought to bear on complex research problems.
Author: Quan Z. Sheng
Publisher: Springer Science & Business Media
ISBN: 3642292526
Category : Computers
Languages : en
Pages : 816
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Book Description
This book constitutes the refereed proceedings of the 14th Asia-Pacific Conference APWeb 2012 held in Kunming, China, in April 2012. The 39 full papers presented together with 34 short papers, 2 keynote talks, and 5 demo papers were carefully reviewed and selected from 167 initial submissions. The papers cover contemporary topics in the fields of Web management and World Wide Web related research and applications, such as advanced application of databases, cloud computing, content management, data mining and knowledge discovery, distributed and parallel processing, grid computing, internet of things, semantic Web and Web ontology, security, privacy and trust, sensor networks, service-oriented computing, Web community analysis, Web mining and social networks.
Author: Longbing Cao
Publisher: Springer Science & Business Media
ISBN: 3642276083
Category : Computers
Languages : en
Pages : 368
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Book Description
This book constitutes the thoroughly refereed post-workshop proceedings of the 7th International Workshop on Agents and Data Mining Interaction, ADMI 2011, held in Taipei, Taiwan, in May 2011 in conjunction with AAMAS 2011, the 10th International Joint Conference on Autonomous Agents and Multiagent Systems. The 11 revised full papers presented were carefully reviewed and selected from 24 submissions. The papers are organized in topical sections on agents for data mining; data mining for agents; and agent mining applications.
Author: Narayanaswamy Balakrishnan
Publisher: John Wiley & Sons
ISBN: 0470405104
Category : Mathematics
Languages : en
Pages : 735
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Book Description
Inspired by the Encyclopedia of Statistical Sciences, Second Edition, this volume presents the tools and techniques that are essential for carrying out best practices in the modern business world The collection and analysis of quantitative data drives some of the most important conclusions that are drawn in today's business world, such as the preferences of a customer base, the quality of manufactured products, the marketing of products, and the availability of financial resources. As a result, it is essential for individuals working in this environment to have the knowledge and skills to interpret and use statistical techniques in various scenarios. Addressing this need, Methods and Applications of Statistics in Business, Finance, and Management Science serves as a single, one-of-a-kind resource that guides readers through the use of common statistical practices by presenting real-world applications from the fields of business, economics, finance, operations research, and management science. Uniting established literature with the latest research, this volume features classic articles from the acclaimed Encyclopedia of Statistical Sciences, Second Edition along with brand-new contributions written by today's leading academics and practitioners. The result is a compilation that explores classic methodology and new topics, including: Analytical methods for risk management Statistical modeling for online auctions Ranking and selection in mutual funds Uses of Black-Scholes formula in finance Data mining in prediction markets From auditing and marketing to stock market price indices and banking, the presented literature sheds light on the use of quantitative methods in research relating to common financial applications. In addition, the book supplies insight on common uses of statistical techniques such as Bayesian methods, optimization, simulation, forecasting, mathematical modeling, financial time series, and data mining in modern research. Providing a blend of traditional methodology and the latest research, Methods and Applications of Statistics in Business, Finance, and Management Science is an excellent reference for researchers, managers, consultants, and students in the fields of business, management science, operations research, supply chain management, mathematical finance, and economics who must understand statistical literature and carry out quantitative practices to make smart business decisions in their everyday work.
Author: Christopher C. Yang
Publisher: Springer Science & Business Media
ISBN: 3540691367
Category : Business & Economics
Languages : en
Pages : 539
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Book Description
This book constitutes the refereed proceedings of the three international workshops PAISI 2008, PACCF 2008, and SOCO 2008, held as satellite events of the IEEE International Conference on Intelligence and Security Informatics, ISI 2008, in Taipei, Taiwan, in June 2008. The 55 revised full papers presented were carefully reviewed and selected from the presentations at the workshops. The 21 papers of the Pacific Asia Workshop on Intelligence and Security Informatics (PAISI 2008) cover topics such as information retrieval and event detection, internet security and cybercrime, currency and data protection, cryptography, image and video analysis, privacy issues, social networks, modeling and visualization, and network intrusion detection. The Pacific Asia Workshop on Cybercrime and Computer Forensics (PACCF 2008) furnishes 10 papers about forensic information management, forensic technologies, and forensic principles and tools. The 24 papers of the Workshop on Social Computing (SOCO 2008) are organized in topical sections on social web and social information management, social networks and agent-based modeling, as well as social opinions, e-commerce, security and privacy considerations.
Author: Bitao Liu
Publisher:
ISBN:
Category :
Languages : en
Pages : 264
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Book Description
