2,282,297 research outputs found

    To Draft or Not to Draft?

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    Draft Auctions

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    We introduce draft auctions, which is a sequential auction format where at each iteration players bid for the right to buy items at a fixed price. We show that draft auctions offer an exponential improvement in social welfare at equilibrium over sequential item auctions where predetermined items are auctioned at each time step. Specifically, we show that for any subadditive valuation the social welfare at equilibrium is an O(log2(m))O(\log^2(m))-approximation to the optimal social welfare, where mm is the number of items. We also provide tighter approximation results for several subclasses. Our welfare guarantees hold for Bayes-Nash equilibria and for no-regret learning outcomes, via the smooth-mechanism framework. Of independent interest, our techniques show that in a combinatorial auction setting, efficiency guarantees of a mechanism via smoothness for a very restricted class of cardinality valuations, extend with a small degradation, to subadditive valuations, the largest complement-free class of valuations. Variants of draft auctions have been used in practice and have been experimentally shown to outperform other auctions. Our results provide a theoretical justification

    Draft Charter

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    Developing a draft learning progression framework for ESOL in New Zealand schools

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    Early in 2003 we were commissioned to produce a draft Learning Progression Framework (LPF) for ESOL in the New Zealand curriculum. The draft Framework was completed in June 2003 and entered the consultation round. In producing the draft Framework, we had to address a range of issues. Some these related to user expectations. Others concerned the relationship between the draft Framework and documents such as English in the New Zealand Curriculum, existing curriculum documents relating to other languages, and ESOL frameworks available in other countries. These issues proved to be critical. This paper explores some of these issues and introduces the draft Framework

    Optical fibre local area networks

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    The effects of teacher feedback on multiple-draft compositions in ESL classrooms

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    Teacher feedback plays a significant role in helping ESL learners acquire the writing skills. However, many research findings indicated that feedback on single draft essays does not help ESL learners much in improving the essays because these learners do not have the opportunity to revise, rewrite, and resubmit their work. Therefore, this study aims at examining the effects of teacher feedback on ESL learners’ compositions in terms of content, language and organization by instituting the multiple draft procedure. The participants of this study wrote a first draft; revised it after getting the feedback on content and further revised it after receiving feedback on language. The findings showed that there were significant mean differences in the content, language, organization and the total marks when the second and the third drafts were compared to the first draft

    Portland Stump Speech: Draft

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    Draft of a stump speech, Portland, ME, September 9, 1984. Includes handwritten notes.https://ir.lawnet.fordham.edu/vice_presidential_campaign_speeches_1984/1121/thumbnail.jp

    Draft Bill for the Electricity Act

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    This draft is an attempt to improve upon an existing Electricity Act draft bill without making significant changes in substance, and is meant to be viewed as an exercise in legislative techniques
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