Prophet Secretary for Combinatorial Auctions and Matroids

10/30/2017
by   Soheil Ehsani, et al.
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The secretary and the prophet inequality problems are central to the field of Stopping Theory. Recently, there has been a lot of work in generalizing these models to multiple items because of their applications in mechanism design. The most important of these generalizations are to matroids and to combinatorial auctions (extends bipartite matching). Kleinberg-Weinberg KW-STOC12 and Feldman et al. feldman2015combinatorial show that for adversarial arrival order of random variables the optimal prophet inequalities give a 1/2-approximation. For many settings, however, it's conceivable that the arrival order is chosen uniformly at random, akin to the secretary problem. For such a random arrival model, we improve upon the 1/2-approximation and obtain (1-1/e)-approximation prophet inequalities for both matroids and combinatorial auctions. This also gives improvements to the results of Yan yan2011mechanism and Esfandiari et al. esfandiari2015prophet who worked in the special cases where we can fully control the arrival order or when there is only a single item. Our techniques are threshold based. We convert our discrete problem into a continuous setting and then give a generic template on how to dynamically adjust these thresholds to lower bound the expected total welfare.

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