Bayesian Social Learning from Consumer Reviews

DOI10.1287/OPRE.2019.1861zbMath1455.91176OpenAlexW2969993010WikidataQ127370510 ScholiaQ127370510MaRDI QIDQ5129190

Bar Ifrach, Constantinos Maglaras, Anna Zseleva, Marco Scarsini

Publication date: 26 October 2020

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/opre.2019.1861

zbMATH Keywords

social learningoptimal pricingBayesian updatereviews

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Consumer behavior, demand theory (91B42) Social learning (91D15)

Related Items (6)

Optimal pricing and remanufacturing entry strategies of manufacturers in the presence of online reviews ⋮ Two-period pricing strategies in the presence of social learning and herding effect ⋮ Time-locked free trial strategy in duopoly markets with switching costs ⋮ Supplier's pricing strategy in the presence of consumer reviews ⋮ Learning from reviews: the selection effect and the speed of learning ⋮ Unnamed Item

Cites Work

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• Classes of orderings of measures and related correlation inequalities. I. Multivariate totally positive distributions
• Biased social learning
• Social learning with private and common values
• Bayesian Learning in Social Networks
• A Note on Probability Distributions with Increasing Generalized Failure Rates
• Pathological Outcomes of Observational Learning
• Dynamics of information exchange in endogenous social networks
• On Information Distortions in Online Ratings
• Discounted Dynamic Programming

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