In many sequential decision problems all that we have is a record of historical trajectories. Building dynamic models from these trajectories and ultimately sequential decision policies may result in much uncertainty and bias. In this talk we consider the question of how to create control policies from existing historical data and how to better sample trajectories so that future control policies would be...
Speaker: Ali Aouad (Massachusetts Institute of Technology)
Location: Mudd 303
Modern-day retailing involves complex customer choice behaviors. Modeling this choice heterogeneity strikes a delicate balance between explaining the data accurately and prescribing efficient operational policies. We propose a novel "consider-then-choose" modeling approach, borne out by the marketing literature.
In 2008, Satoshi Nakamoto published “Bitcoin: A Peer-to-Peer Case System” which proposed a technical concept to create, “[a] system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.”