Interference Produces False-Positive Pricing Experiments

 0 Người đánh giá. Xếp hạng trung bình 0

Tác giả: Justin Rao, Lars Roemheld

Ngôn ngữ: eng

Ký hiệu phân loại: 001.96 Errors, delusions, superstitions

Thông tin xuất bản: 2024

Mô tả vật lý:

Bộ sưu tập: Metadata

ID: 201773

It is standard practice in online retail to run pricing experiments by randomizing at the article-level, i.e. by changing prices of different products to identify treatment effects. Due to customers' cross-price substitution behavior, such experiments suffer from interference bias: the observed difference between treatment groups in the experiment is typically significantly larger than the global effect that could be expected after a roll-out decision of the tested pricing policy. We show in simulations that such bias can be as large as 100%, and report experimental data implying bias of similar magnitude. Finally, we discuss approaches for de-biased pricing experiments, suggesting observational methods as a potentially attractive alternative to clustering.
Tạo bộ sưu tập với mã QR

THƯ VIỆN - TRƯỜNG ĐẠI HỌC CÔNG NGHỆ TP.HCM

ĐT: (028) 36225755 | Email: tt.thuvien@hutech.edu.vn

Copyright @2024 THƯ VIỆN HUTECH