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Learning to bid and bundle: a posterior-sampling agent for online retail

Mohammadi, Hadi
arXiv (All) · Papers
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artificial-intelligencemachine-learning
An online retailer launching a perishable product bids for sponsored-search clicks, discounts a bundle with an always-stocked staple and displays its remaining stock, which raises willingness to pay. It knows neither how clicks respond to its bid nor how strong and dispersed its market is, and learn
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