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From No-Regret to Strategically Robust Learning in Repeated Auctions

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  • Junyao Zhao

Abstract

In Bayesian single-item auctions, a monotone bidding strategy--one that prescribes a higher bid for a higher value type--can be equivalently represented as a partition of the quantile space into consecutive intervals corresponding to increasing bids. Kumar et al. (2024) prove that agile online gradient descent (OGD), when used to update a monotone bidding strategy through its quantile representation, is strategically robust in repeated first-price auctions: when all bidders employ agile OGD in this way, the auctioneer's average revenue per round is at most the revenue of Myerson's optimal auction, regardless of how she adjusts the reserve price over time. In this work, we show that this strategic robustness guarantee is not unique to agile OGD or to the first-price auction: any no-regret learning algorithm, when fed gradient feedback with respect to the quantile representation, is strategically robust, even if the auction format changes every round, provided the format satisfies allocation monotonicity and voluntary participation. In particular, the multiplicative weights update (MWU) algorithm simultaneously achieves the optimal regret guarantee and a strong strategic robustness guarantee in this auction setting. At a technical level, our results are established via a simple relation that bridges Myerson's auction theory and standard no-regret learning theory.

Suggested Citation

  • Junyao Zhao, 2026. "From No-Regret to Strategically Robust Learning in Repeated Auctions," Papers 2601.03853, arXiv.org, revised Feb 2026.
  • Handle: RePEc:arx:papers:2601.03853
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    References listed on IDEAS

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    1. Guru Guruganesh & Yoav Kolumbus & Jon Schneider & Inbal Talgam-Cohen & Emmanouil-Vasileios Vlatakis-Gkaragkounis & Joshua R. Wang & S. Matthew Weinberg, 2024. "Contracting with a Learning Agent," Papers 2401.16198, arXiv.org.
    2. Rachitesh Kumar & Omar Mouchtaki, 2025. "Prior-Independent Bidding Strategies for First-Price Auctions," Papers 2502.09907, arXiv.org.
    3. David Easley & Yoav Kolumbus & Eva Tardos, 2025. "Markets with Heterogeneous Agents: Dynamics and Survival of Bayesian vs. No-Regret Learners," Papers 2502.08597, arXiv.org, revised Jun 2025.
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