Talks
Fall 2015

The Sample Complexity of Revenue Maximization

Friday, October 16th, 2015, 11:15 am11:45 am

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Location: 

Calvin Lab Auditorium

We explain how to use concepts from learning theory to make optimal auction theory more operational, replacing the “common prior” assumption with a data-driven approach.  For example, we prove that in arbitrary single-parameter settings, one can learn an auction with expected revenue arbitrarily close to optimal from a polynomial number of samples from an unknown valuation distribution.