Bayesian social learning from consumer reviews

DOI10.1287/OPRE.2019.1861MaRDI QIDQ5129190zbMATH OpenOpenAlexWikidataFDO

Authors Bar Ifrach, Constantinos Maglaras, Marco Scarsini, Anna Zseleva

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

Bayesian updateoptimal pricingreviewssocial learning

Mathematics Subject Classification ID

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

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Cites work

• A Note on Probability Distributions with Increasing Generalized Failure Rates
• Bayesian learning in social networks
• Biased social learning
• Classes of orderings of measures and related correlation inequalities. I. Multivariate totally positive distributions
• Discounted Dynamic Programming
• Dynamics of information exchange in endogenous social networks
• scientific article; zbMATH DE number 3493681 (Why is no real title available?)
• scientific article; zbMATH DE number 3348831 (Why is no real title available?)
• On information distortions in online ratings
• Pathological Outcomes of Observational Learning
• Social learning with private and common values

Cited in

(18)

• Double learning or double blinding: an investigation of vendor private information acquisition and consumer learning via online reviews
• Supplier's pricing strategy in the presence of consumer reviews
• Long term behavior of incomplete and time varying product ratings
• Optimal pricing and remanufacturing entry strategies of manufacturers in the presence of online reviews
• Deriving the pricing power of product features by mining consumer reviews
• Welfare-improving cascades and the effect of noisy reviews
• A Bayesian Approach to the Production of Information with a Linear Utility Function
• The optimal choice of pre-launch reviewer
• Recommender systems as mechanisms for social learning
• On information distortions in online ratings
• An agent-based model of consumer choice. An evaluation of the strategy of pricing and advertising
• Two-period pricing strategies in the presence of social learning and herding effect
• Time-locked free trial strategy in duopoly markets with switching costs
• Product Ranking in the Presence of Social Learning
• Learning from reviews: the selection effect and the speed of learning
• Cross-platform hotel evaluation by aggregating multi-website consumer reviews with probabilistic linguistic term set and Choquet integral
• A model of opinion dynamics evolving via a preferential attachment mechanism involving multiple extractions
• Learning and stochastic dominance with applications to subjective valuation of options

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