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7 nips-2009-A Data-Driven Approach to Modeling Choice


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Author: Vivek Farias, Srikanth Jagabathula, Devavrat Shah

Abstract: We visit the following fundamental problem: For a ‘generic’ model of consumer choice (namely, distributions over preference lists) and a limited amount of data on how consumers actually make decisions (such as marginal preference information), how may one predict revenues from offering a particular assortment of choices? This problem is central to areas within operations research, marketing and econometrics. We present a framework to answer such questions and design a number of tractable algorithms (from a data and computational standpoint) for the same. 1


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