Research map / Bandits and online learning / Online convex optimization and games
Learning Revenue Maximization Using Posted Prices for Stochastic Strategic Patient Buyers
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Measured effects reported in the paper
| What was changed | Where | Measured | Effect |
|---|---|---|---|
| Use a price sequence instead of the best fixed price | Seller pricing in pure-price example D1 · Pure-price example D1 | expected revenue: 4/9 -> 2/3 | Helped |
| Randomize over price sequences instead of using a pure sequence | Seller pricing in mixed-price example D2 · Mixed-price example D2 | expected revenue: 4/9 -> 13/27 | Helped |
| Use a varying pure price sequence instead of a fixed price | Seller pricing when buyer value and patience are independent and value is regular · Independent value and patience, regular value distribution | expected revenue | No clear effect |
Closest papers by meaning
- Weakly Consistent Optimal Pricing Algorithms in Repeated Posted-Price Auctions with Strategic Buyer (ICML 2018 · similarity 0.90)
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