Track 8
Online Pricing & Bandits
Learning optimal prices from data: multi-armed bandits, structural estimation, strategic buyer behavior, and measuring price sensitivity from experiments.
Learning the Best Price
Explore the explore-exploit tradeoff in pricing. Compare regret rates under different structural assumptions and watch bandit algorithms learn optimal prices in real time.
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Topics
Learning the Best Price
The explore-exploit tradeoff
Explore the explore-exploit tradeoff in pricing. Compare regret rates under different structural assumptions and watch bandit algorithms learn optimal prices in real time.
Pricing with Economic Models
Revealed preference and partial identification
See how revealed-preference theory and partial identification let pricing algorithms eliminate dominated prices and converge logarithmically fast.
When Buyers Game the Algorithm
Strategic behavior and corrected pricing
Discover why naive pricing algorithms fail when buyers strategically distort their features, and how corrected policies restore sublinear regret.
Why Identical Products Have Different Prices
Consumer search and price dispersion
Explore the Stigler search model, the Diamond paradox, and the Burdett-Judd resolution to understand why price dispersion persists even in competitive markets.