Learning Buyer Behavior under Realistic Pricing Restrictions
Published in ISAIM, 2018
Recommended citation: Saharoy, Debjyoti, and Theja Tulabandhula. "An Online Algorithm for Learning Buyer Behavior under Realistic Pricing Restrictions." arXiv preprint arXiv:1803.01968 (2018). https://isaim2018.cs.ou.edu/papers/ISAIM2018_ML_Saharoy_Tulabandhula.pdf
Abstract: We propose a new efficient online algorithm to learn the parameters governing the purchasing behavior of a utility maximizing buyer, who responds to prices, in a repeated interaction setting. The key feature of our algorithm is that it can learn even non-linear buyer utility while working with arbi- trary price constraints that the seller may impose. This overcomes a major shortcoming of previous approaches, which use unrealistic prices to learn these parameters making them unsuitable in practice.
Recommended citation: Saharoy, Debjyoti, and Theja Tulabandhula. “An Online Algorithm for Learning Buyer Behavior under Realistic Pricing Restrictions.” arXiv preprint arXiv:1803.01968 (2018).