2009 NIPS NeurIPS 2009

A Data-Driven Approach to Modeling Choice

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.

🌉 Interdisciplinary Bridge — Data Science & Analytics and Machine Learning and Mathematics & Optimization
📈 Trend Setter — Recommender Systems
🧭 Keyword Pioneer — consumer choice modeling
🐝 Cross-Pollinator — Artificial Intelligence, Computer Science, Computer Vision, Data Science & Analytics, Healthcare & Medicine, Interdisciplinary, Machine Learning, Mathematics & Optimization, Natural Language Processing, Reinforcement Learning, Security & Privacy, Speech & Audio
🐣 Hot Topic Early Bird — submodular optimization