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Motivated by the recently launched mobile data trading markets (e.g., China Mobile Hong Kong’s 2nd exChange Market), in this paper, the mobile data trading problem is studied under future data demand uncertainty. A brokerage-based market is introduced, in which sellers and buyers propose their selling and buying quantities, respectively, to the trading platform that matches the market supply and demand...
This paper studies behavioral economics of sports lottery product considering three kinds of conditions including single item of reward, multi-item of reward with equal number and multi-item of reward with increasing number based on cumulative prospect theory. The study indicates that the price for sports lottery increases and the total funds raised increases as the items increasing, and the pricing...
Using the concept of ldquomental accounting, MArdquo of behavioral economics, the paper analyses the psychology of GenCos when making a risk bidding decision. Based on the result of analysis, a novel risk decision-making framework is developed to help the price-taker GenCos obtain their satisfied step-wise bidding curves in a pay-as-bid auction. In this framework, the total generation of a GenCo is...
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