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Learning Revenue Maximization Using Posted Prices for Stochastic Strategic Patient Buyers

AAAI 2023 · Bandits and online learning › Online convex optimization and games · approach: Learning for pricing and auctions · 0 citations (OpenAlex)

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Measured effects reported in the paper

What was changedWhereMeasuredEffect
Use a price sequence instead of the best fixed priceSeller pricing in pure-price example D1 · Pure-price example D1expected revenue: 4/9 -> 2/3Helped
Randomize over price sequences instead of using a pure sequenceSeller pricing in mixed-price example D2 · Mixed-price example D2expected revenue: 4/9 -> 13/27Helped
Use a varying pure price sequence instead of a fixed priceSeller pricing when buyer value and patience are independent and value is regular · Independent value and patience, regular value distributionexpected revenueNo clear effect

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