Poster
Revenue Optimization against Strategic Buyers
Mehryar Mohri · Andres Munoz
210 C #91
[
Abstract
]
Abstract:
We present a revenue optimization algorithm for posted-price auctions when facing a buyer with random valuations who seeks to optimize his -discounted surplus. To analyze this problem, we introduce the notion of epsilon-strategic buyer, a more natural notion of strategic behavior than what has been used in the past. We improve upon the previous state-of-the-art and achieve an optimal regret bound in when the seller can offer prices from a finite set and provide a regret bound in when the buyer is offered prices from the interval .
Live content is unavailable. Log in and register to view live content