Bayesian dithering for learning: Asymptotically optimal policies in dynamic pricing
We consider a dynamic pricing and learning problem where a seller prices multiple products and learns from sales data about unknown demand. We study the parametric demand model in a Bayesian setting. To avoid the classical problem of incomplete learning, we propose dithering policies under which pri...
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Main Authors: | HUH, Woonghee Tim, KIM, Michael Jong, LIN, Meichun |
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格式: | text |
語言: | English |
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Institutional Knowledge at Singapore Management University
2022
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在線閱讀: | https://ink.library.smu.edu.sg/lkcsb_research/7312 |
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機構: | Singapore Management University |
語言: | English |
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