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Maduro raid questions trigger Pentagon review of top AI firm as potential 'supply chain risk'

FOX News

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Dynamic Pricing and Learning with Bayesian Persuasion

Neural Information Processing Systems

We consider a novel dynamic pricing and learning setting where in addition to setting prices of products in sequential rounds, the seller also ex-ante commits to'advertising schemes'. That is, in the beginning of each round the seller can decide what kind of signal they will provide to the buyer about the product's quality upon realization. Using the popular Bayesian persuasion framework to model the effect of these signals on the buyers' valuation and purchase responses, we formulate the problem of finding an optimal design of the advertising scheme along with a pricing scheme that maximizes the seller's expected revenue. Without any apriori knowledge of the buyers' demand function, our goal is to design an online algorithm that can use past purchase responses to adaptively learn the optimal pricing and advertising strategy. We study the regret of the algorithm when compared to the optimal clairvoyant price and advertising scheme.





Ancient bone may prove legendary war elephant crossing of Alps

BBC News

An elephant foot bone found by archaeologists digging in southern Spain may be evidence that a troop of war elephants stomped through ancient Europe. It would be the first concrete proof of the legendary Carthaginian General Hannibal's troop of battle elephants, according to academics. Drawings of Hannibal's war against the Romans had long suggested that the beasts were used in fighting, but no hard evidence backed up the theories. Now the creatures' skeletal remains appear to have been found in an Iron Age dig near Cordoba. Beyond ivory, the discovery of elephant remains in European archaeological contexts is exceptionally rare, says the team of scientists in a paper published in Journal of Archaeological Science: Reports.