Research map / Bandits and online learning / Online convex optimization and games
Explaining the Law of Supply and Demand via Online Learning
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Provides a mathematical foundation for the law of supply and demand by framing market price adjustment as an online learning process that converges to a market clearing price.
Problem
Explaining why prices in perfectly competitive markets adjust to a market clearing price, where supply and demand balance.
Approach
Views the law of supply and demand through the lens of online learning, so price adjustment dynamics are modeled as an online learning procedure that reaches the market clearing price.
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