Leveraging Reviews - Learning to Price with Buyer and Seller Uncertainty

Explore a lecture on leveraging customer reviews for dynamic pricing strategies in online marketplaces. Delve into the challenges of pricing products when buyers rely on reviews from similar customers to estimate their own value. Examine the tension sellers face between setting high prices and ensuring sufficient reviews for buyer confidence. Learn about a no-regret learning algorithm developed to address this pricing problem through the lens of online learning. Gain insights into joint research conducted on leveraging reviews to handle buyer and seller uncertainty in pricing decisions.

Ellen Vitercik - Leveraging Reviews: Learning to Price with Buyer and Seller Uncertainty