Offline Deep Reinforcement Learning for Dynamic Pricing of Consumer Credit
Khraishi, Raad, Okhrati, Ramin
We introduce a method for pricing consumer credit using recent advances in offline deep reinforcement learning. This approach relies on a static dataset and requires no assumptions on the functional form of demand. Using both real and synthetic data on consumer credit applications, we demonstrate that our approach using the conservative Q-Learning algorithm is capable of learning an effective personalized pricing policy without any online interaction or price experimentation.
Mar-6-2022
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- North America > United States
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- Europe > United Kingdom
- England > Greater London > London (0.04)
- North America > United States
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- Research Report > New Finding (0.47)
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