Essays about: "Spencer Bastani"

Found 2 essays containing the words Spencer Bastani.

  1. 1. Stochastic Optimization in Dynamic Environments : with applications in e-commerce

    University essay from Linköpings universitet/Matematiska institutionen; Linköpings universitet/Matematiska institutionen

    Author : Spencer Bastani; Olov Andersson; [2007]
    Keywords : global optimization; function models; e-commerce; banners; MDP; exploration vs exploitation;

    Abstract : In this thesis we address the problem of how to construct an optimal algorithm for displaying banners (i.e advertisements shown on web sites). The optimization is based on the revenue each banner generates, with the aim of selecting those banners which maximize future total revenue. READ MORE

  2. 2. Towards a Theory of Relative Preferences

    University essay from Uppsala universitet/Nationalekonomiska institutionen

    Author : Spencer Bastani; [2007]
    Keywords : relative preferences; positional goods; competitive con- sumption; conspicuous consumption; signalling; status;

    Abstract : Should economists depart from the neoclassical assumption of independent preferences and admit that people do not only care about absolute consumption, but also about relative consumption? Three different motives for relative preferences are explored, an instrumental perspective most often grounded in signalling incentives, a view where people care about identity and self-image and finally a theory based on the information content in consumption. The central concern is positional goods, typically seen as status-goods, of particular relevance in signalling contexts. READ MORE