Pricing problems with Thompson sampling
In 1933, William R. Thompson proposed an algorithm known as Thompson sampling in order to maximise culmulative payo in a multi-armed bandit (MAB) problem. MAB problems have been fre- quently used to model real-life decision making scenarios. This pa- per explores the extension of Thompson sampl...
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sg-ntu-dr.10356-771442023-02-28T23:12:11Z Pricing problems with Thompson sampling Lee, Samuel Wai Leong Yan Zhenzhen School of Physical and Mathematical Sciences DRNTU::Science::Mathematics::Statistics In 1933, William R. Thompson proposed an algorithm known as Thompson sampling in order to maximise culmulative payo in a multi-armed bandit (MAB) problem. MAB problems have been fre- quently used to model real-life decision making scenarios. This pa- per explores the extension of Thompson sampling to other problems beyond the MAB setting. More speci cally, Thompson sampling is applied to product sales using data from a real dataset in a dynamic pricing setting as part of the multi-product pricing problem. Bachelor of Science in Mathematical Sciences 2019-05-13T13:47:13Z 2019-05-13T13:47:13Z 2019 Final Year Project (FYP) http://hdl.handle.net/10356/77144 en 30 p. application/pdf |
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Singapore Singapore |
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DRNTU::Science::Mathematics::Statistics Lee, Samuel Wai Leong Pricing problems with Thompson sampling |
| description |
In 1933, William R. Thompson proposed an algorithm known as
Thompson sampling in order to maximise culmulative payo in a
multi-armed bandit (MAB) problem. MAB problems have been fre-
quently used to model real-life decision making scenarios. This pa-
per explores the extension of Thompson sampling to other problems
beyond the MAB setting. More speci cally, Thompson sampling is
applied to product sales using data from a real dataset in a dynamic
pricing setting as part of the multi-product pricing problem. |
| author2 |
Yan Zhenzhen |
| author_facet |
Yan Zhenzhen Lee, Samuel Wai Leong |
| format |
Final Year Project |
| author |
Lee, Samuel Wai Leong |
| author_sort |
Lee, Samuel Wai Leong |
| title |
Pricing problems with Thompson sampling |
| title_short |
Pricing problems with Thompson sampling |
| title_full |
Pricing problems with Thompson sampling |
| title_fullStr |
Pricing problems with Thompson sampling |
| title_full_unstemmed |
Pricing problems with Thompson sampling |
| title_sort |
pricing problems with thompson sampling |
| publishDate |
2019 |
| url |
http://hdl.handle.net/10356/77144 |
| _version_ |
1759853710516682752 |