Bundle selling by online estimation of valuation functions

Daniel Vainsencher, Ofer Dekel, Shie Mannor

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

We consider the problem of online selection of a bundle of items when the cost of each item changes arbitrarily from round to round and the valuation function is initially unknown and revealed only through the noisy values of selected bundles (the bandit feedback setting). We are interested in learning schemes that have a small regret compared to an agent who knows the true valuation function. Since there are exponentially many bundles, further assumptions on the valuation functions are needed. We make the assumption that the valuation function is supermodular and has non-linear interactions that are of low degree in a certain sense. We develop efficient learning algorithms that balance exploration and exploitation to achieve low regret in this setting.

Original languageEnglish
Title of host publicationProceedings of the 28th International Conference on Machine Learning, ICML 2011
Pages1137-1144
Number of pages8
StatePublished - 2011
Event28th International Conference on Machine Learning, ICML 2011 - Bellevue, WA, United States
Duration: 28 Jun 20112 Jul 2011

Publication series

NameProceedings of the 28th International Conference on Machine Learning, ICML 2011

Conference

Conference28th International Conference on Machine Learning, ICML 2011
Country/TerritoryUnited States
CityBellevue, WA
Period28/06/112/07/11

All Science Journal Classification (ASJC) codes

  • Computer Science Applications
  • Human-Computer Interaction
  • Education

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