• Leadership
  • 1 min read

Dynamic Online Pricing with Incomplete Information Using Multi-Armed Bandit Experiments

  • Last Updated: December 9, 2024

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    ScrapeHero was referenced in another research article from the Chicago Booth School.

    The paper about “Dynamic Online Pricing with Incomplete Information Using Multi-Armed Bandit Experiments” by Eric M. Schwartz, Kanishka Misra and Jacob Abernethy published September 2016 talks about what we discuss in the Competition Monitoring service we offer.

    It talks about the choices pricing managers face on how to price products in the online world.

    They talk about a dynamic pricing policy which Amazon was rumored to have applied many years back but hasn’t received a lot of attention lately.

    They reference a couple of our posts in their paper.

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