no code implementations • 4 Jan 2019 • Adel Javanmard, Hamid Nazerzadeh, Simeng Shao
We measure the performance of a pricing policy in terms of regret, which is the expected revenue loss with respect to a clairvoyant policy that knows the parameters of the choice model in advance and always sets the revenue-maximizing prices.
no code implementations • 24 Sep 2016 • Adel Javanmard, Hamid Nazerzadeh
We study the pricing problem faced by a firm that sells a large number of products, described via a wide range of features, to customers that arrive over time.