Auto Auction Technologies - Computational Robotic Auto Auction Ordering Machine Hit the Scene
Have you ever been to an auto auction and waited for hours to bid on a certain vehicle, only to find out that someone else had their eye on that exact same car and was willing to bid the price up to a ridiculous price point, one which was well beyond the intrinsic value of either of you? It's happened to me several times, and I can also recall times when I've decided not to bid on cars which came up earlier in the auction, holding out for the vehicle that I wanted to purchase.
Now then, it seems to me someone should create a computational robotic android to be used in auto auction ordering and bidding.
A machine which could be used by dealers, antique enthusiasts, and buying agents representing their specific and special clientele.
How would this work you ask? Well, human nature and game theory can be adapted and controlled.
Mathematicians have long discovered that they can apply various equations to game theory to determine the outcome of a given contest.
By taking the emotions out of the game and allowing a linear thinking computer to run a special artificially intelligent algorithm, this could be done rather easily.
And the buyer would get the best deal on the cars which were purchased, and it would forgo those cars which have had the price bid up too high to be reasonable from a prudent buyer decision standpoint.
Are you beginning to see where I'm going with this? Such a system could be used to purchase cars at the auto auction for various used car dealers, and specialty buyers.
In fact, a series of robotic computers all plugged-in together could do all the auto auctioning without any humans.
Now before you say I'm crazy, I would like to remind you that there are supercomputers right now which are trading stocks and commodities in fractions of a second.
They are also trading currencies, ETF's, and all sorts of other things.
And they are doing it all without human interaction, other than the "Quants" who wrote their specific algorithms, and came up with their high-end mathematical strategies.
Why isn't the auto industry benefiting from these mathematical computer models? The simple answer is; there is no reason because there's a lot of money to be made in such a scheme, and it's only a matter of time until this happens.
Indeed I hope you will please consider all this and think on it.
You have any comments, concerns, questions, prototypes, or case studies please shoot me an e-mail right away.
Now then, it seems to me someone should create a computational robotic android to be used in auto auction ordering and bidding.
A machine which could be used by dealers, antique enthusiasts, and buying agents representing their specific and special clientele.
How would this work you ask? Well, human nature and game theory can be adapted and controlled.
Mathematicians have long discovered that they can apply various equations to game theory to determine the outcome of a given contest.
By taking the emotions out of the game and allowing a linear thinking computer to run a special artificially intelligent algorithm, this could be done rather easily.
And the buyer would get the best deal on the cars which were purchased, and it would forgo those cars which have had the price bid up too high to be reasonable from a prudent buyer decision standpoint.
Are you beginning to see where I'm going with this? Such a system could be used to purchase cars at the auto auction for various used car dealers, and specialty buyers.
In fact, a series of robotic computers all plugged-in together could do all the auto auctioning without any humans.
Now before you say I'm crazy, I would like to remind you that there are supercomputers right now which are trading stocks and commodities in fractions of a second.
They are also trading currencies, ETF's, and all sorts of other things.
And they are doing it all without human interaction, other than the "Quants" who wrote their specific algorithms, and came up with their high-end mathematical strategies.
Why isn't the auto industry benefiting from these mathematical computer models? The simple answer is; there is no reason because there's a lot of money to be made in such a scheme, and it's only a matter of time until this happens.
Indeed I hope you will please consider all this and think on it.
You have any comments, concerns, questions, prototypes, or case studies please shoot me an e-mail right away.
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