Self-play RL in a takeover auction model shows optimal due diligence is modest and finite, decreasing with cost and competition, while simple general methods outperform specialized ones in large intractable games.
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How Much Due Diligence Before You Bid? Learning in Intractable Takeover Auctions
Self-play RL in a takeover auction model shows optimal due diligence is modest and finite, decreasing with cost and competition, while simple general methods outperform specialized ones in large intractable games.