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Dynamic optimization and learning : how should a manager set prices when the demand function is unknown?

Carvalho, Alexandre Ywata de; Puterman, Martin L. - 2015

demand distribution parameters. It provides and compares several methods that use the sequence of past prices and observed …

Persistent link: https://www.econbiz.de/10012025378

Cities and the structure of social interactions : evidence from mobile phone data

Büchel, Konstantin; Ehrlich, Maximilian von - 2017

Social interactions are considered pivotal to agglomeration economies. We explore a unique dataset on mobile phone calls to examine how distance and population density shape the structure of social interactions. Exploiting an exogenous change in travel times, we show that distance is highly...

Persistent link: https://www.econbiz.de/10011688211

Dynamic optimization and learning: how should a manager set prices when the demand function is unknown?

Carvalho, Alexandre X. (contributor); … - 2005

Persistent link: https://www.econbiz.de/10003193794

Machine learning methods for demand estimation

Bajari, Patrick L.; Nekipelov, Denis N.; Ryan, Stephen; … - In: The American economic review 105 (2015) 5, pp. 481-485

Persistent link: https://www.econbiz.de/10011699330

Price Dispersion and Demand Uncertainty : Evidence from US Scanner Data

Eden, Benjamin - 2014

Chicago. I extend the theory to accounts for the monopoly power of chains and for non-shoppers. The main empirical finding is … that the effect of demand uncertainty on price dispersion is highly significant and quantitatively important: More than 50 …% of the cross sectional standard deviation of log prices is due to demand uncertainty. I also find that price dispersion …

Persistent link: https://www.econbiz.de/10013046882

Saving and learning : theory and evidence from saving for child’s college

Zhu, Junyi - 2012

This paper analyzes the main uncertainty of college saving - the child’s ability - in the context of the saving with learning model. The first section develops a dynamic model combining asset accumulation and learning to explain the parents’ forward-looking saving behavior when they are...

Persistent link: https://www.econbiz.de/10009625571

Counter intuitive learning : an exploratory study

Hanaki, Nobuyuki; Kirman, Alan P.; Pezanis-Christou, Paul - 2016

The literature on learning in unknown environments emphasises reinforcing on actions which produce positive results. But, in some cases, success requires shifting from a currently successful actions to others. We examine, experimentally and theoretically in a very simple framework, how...

Persistent link: https://www.econbiz.de/10011517970

Long Run Expectations, Learning and the U.S. Housing Market

Tortorice, Daniel L. - 2015

This paper examines key facts about the U.S. housing market. The price to rent ratio is highly volatile and significantly autocorrelated. Returns on housing are positively autocorrelated. The price to rent ratio is negatively correlated with future returns on housing and future rent growth....

Persistent link: https://www.econbiz.de/10013022372

Learning about ones' self

Le Yaouanq, Yves; Schwardmann, Peter - 2019

How can naivete about present bias persist despite experience? To answer this question, our experiment investigates participants' ability to learn from their own behavior. Participants decide how much to work on a real effort task on two predetermined dates. In the week preceding each work date,...

Persistent link: https://www.econbiz.de/10011976128

How large are learning externalities?

Seung Mo Choi - In: International economic review 52 (2011) 4, pp. 1077-1103

Persistent link: https://www.econbiz.de/10009385422

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