June 7, 2024, 4:44 a.m. | Titing Cui, Su Jia, Thomas Lavastida

cs.LG updates on arXiv.org arxiv.org

arXiv:2310.19220v2 Announce Type: replace
Abstract: Dynamic pricing models often posit that a $\textbf{stream}$ of customer interactions occur sequentially, where customers' valuations are drawn independently. However, this model is not entirely reflective of the real world, as it overlooks a critical aspect, the law of diminishing marginal utility, which states that a customer's marginal utility from each additional unit declines. This causes the valuation distribution to shift towards the lower end, which is not captured by the stream model. This motivates …

abstract arxiv beyond cs.gt cs.lg customer customer interactions customers dynamic dynamic pricing however interactions law pool posit pricing replace type utility valuations world

Senior Data Engineer

@ Displate | Warsaw

Principal Architect

@ eSimplicity | Silver Spring, MD, US

Embedded Software Engineer

@ Carrier | CAN03: Carrier-Charlotte, NC 9701 Old Statesville Road, Charlotte, NC, 28269 USA

(USA) Software Engineer III

@ Roswell Park Comprehensive Cancer Center | (USA) CA SUNNYVALE Home Office SUNNYVALE III - 840 W CALIFORNIA

Experienced Manufacturing and Automation Engineer

@ Boeing | DEU - Munich, Germany

Software Engineering-Sr Engineer (Java 17, Python, Microservices, Spring Boot, REST)

@ FICO | Bengaluru, India