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Using Survival Prediction Techniques to Learn Consumer-Specific Reservation Price Distributions
DownloadSpring 2015
A consumer's "reservation price" (RP) is the highest price that s/he is willing to pay for one unit of a specified product or service. It is an essential concept in many applications, e.g., personalized pricing, auction and negotiation. While consumers will not volunteer their RPs, we may be able...
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