conversion rate
Sponsored Questions and How to Auction Them
Bhawalkar, Kshipra, Psomas, Alexandros, Wang, Di
Online platforms connect users with relevant products and services using ads. A key challenge is that a user's search query often leaves their true intent ambiguous. Typically, platforms passively predict relevance based on available signals and in some cases offer query refinements. The shift from traditional search to conversational AI provides a new approach. When a user's query is ambiguous, a Large Language Model (LLM) can proactively offer several clarifying follow-up prompts. In this paper we consider the following: what if some of these follow-up prompts can be ``sponsored,'' i.e., selected for their advertising potential. How should these ``suggestion slots'' be allocated? And, how does this new mechanism interact with the traditional ad auction that might follow? This paper introduces a formal model for designing and analyzing these interactive platforms. We use this model to investigate a critical engineering choice: whether it is better to build an end-to-end pipeline that jointly optimizes the user interaction and the final ad auction, or to decouple them into separate mechanisms for the suggestion slots and another for the subsequent ad slot. We show that the VCG mechanism can be adopted to jointly optimize the sponsored suggestion and the ads that follow; while this mechanism is more complex, it achieves outcomes that are efficient and truthful. On the other hand, we prove that the simple-to-implement modular approach suffers from strategic inefficiency: its Price of Anarchy is unbounded.
Enhancing Talent Search Ranking with Role-Aware Expert Mixtures and LLM-based Fine-Grained Job Descriptions
Li, Jihang, Xu, Bing, Chen, Zulong, Xu, Chuanfei, Chen, Minping, Liu, Suyu, Zhou, Ying, Wen, Zeyi
Talent search is a cornerstone of modern recruitment systems, yet existing approaches often struggle to capture nuanced job-specific preferences, model recruiter behavior at a fine-grained level, and mitigate noise from subjective human judgments. We present a novel framework that enhances talent search effectiveness and delivers substantial business value through two key innovations: (i) leveraging LLMs to extract fine-grained recruitment signals from job descriptions and historical hiring data, and (ii) employing a role-aware multi-gate MoE network to capture behavioral differences across recruiter roles. To further reduce noise, we introduce a multi-task learning module that jointly optimizes click-through rate (CTR), conversion rate (CVR), and resume matching relevance. Experiments on real-world recruitment data and online A/B testing show relative AUC gains of 1.70% (CTR) and 5.97% (CVR), and a 17.29% lift in click-through conversion rate. These improvements reduce dependence on external sourcing channels, enabling an estimated annual cost saving of millions of CNY.
- Asia > China > Zhejiang Province > Hangzhou (0.04)
- Asia > China > Guangdong Province > Guangzhou (0.04)
- Asia > Middle East > Jordan (0.04)
- (2 more...)
- Information Technology > Information Management > Search (1.00)
- Information Technology > Artificial Intelligence > Representation & Reasoning (1.00)
- Information Technology > Artificial Intelligence > Machine Learning (1.00)
- Information Technology > Artificial Intelligence > Natural Language > Large Language Model (0.74)
- Asia > China > Jiangsu Province > Nanjing (0.04)
- Asia > China > Heilongjiang Province > Daqing (0.04)
Personalized Auto-Grading and Feedback System for Constructive Geometry Tasks Using Large Language Models on an Online Math Platform
Lee, Yong Oh, Bang, Byeonghun, Lee, Joohyun, Oh, Sejun
As personalized learning gains increasing attention in mathematics education, there is a growing demand for intelligent systems that can assess complex student responses and provide individualized feedback in real time. In this study, we present a personalized auto-grading and feedback system for constructive geometry tasks, developed using large language models (LLMs) and deployed on the Algeomath platform, a Korean online tool designed for interactive geometric constructions. The proposed system evaluates student-submitted geometric constructions by analyzing their procedural accuracy and conceptual understanding. It employs a prompt-based grading mechanism using GPT-4, where student answers and model solutions are compared through a few-shot learning approach. Feedback is generated based on teacher-authored examples built from anticipated student responses, and it dynamically adapts to the student's problem-solving history, allowing up to four iterative attempts per question. The system was piloted with 79 middle-school students, where LLM-generated grades and feedback were benchmarked against teacher judgments. Grading closely aligned with teachers, and feedback helped many students revise errors and complete multi-step geometry tasks. While short-term corrections were frequent, longer-term transfer effects were less clear. Overall, the study highlights the potential of LLMs to support scalable, teacher-aligned formative assessment in mathematics, while pointing to improvements needed in terminology handling and feedback design.
- Research Report > New Finding (1.00)
- Research Report > Experimental Study (1.00)
- Instructional Material (1.00)
- Education > Assessment & Standards (1.00)
- Education > Educational Technology > Educational Software (0.89)
- Education > Educational Setting > K-12 Education > Middle School (0.86)
Profit over Proxies: A Scalable Bayesian Decision Framework for Optimizing Multi-Variant Online Experiments
Pillai, Srijesh, Chandrawat, Rajesh Kumar
Online controlled experiments (A/B tests) are fundamental to data - driven decision - making in the digital economy. However, their real - world application is frequently compromised by two critical shortcomings: the use of statistically flawed heuristics like " p - value peeking", which inflates false positive rates, and an over - reliance on proxy metrics like conversion rates, which can lead to decisions that inadvertently harm core business profitability. This paper addresses these challenges by introducing a comp rehensive and scalable Bayesian decision framework designed for profit optimization in multi - variant (A/B/n) experiments. We propose a hierarchical Bayesian model that simultaneously estimates the probability of conversion (using a Beta - Bernoulli model) and the monetary value of that conversion (using a robust Bayesian model for the mean transaction value). Building on this, we employ a decision - theoretic stopping rule based on Expected Loss, enabling experiments to be concluded not only when a superior variant is identified but also when it becomes clear that no variant offers a practically significant improvement (stopping f or futility). The framework successfully navigates "revenue traps" where a variant with a higher conversion rate would have resulted in a net financial loss, correctly terminates futile experiments early to conserve resources, and maintains strict statisti cal integrity throughout the monitoring process. Ultimately, this work provides a practical and principled methodology for organizations to move beyond simple A/B testing towards a mature, profit - driven experimentation culture, ensuring that statistical conclusions translate directly to strategic busines s value.
- North America > United States > New York (0.04)
- Asia > Middle East > UAE > Dubai Emirate > Dubai (0.04)
- North America > United States > Massachusetts > Suffolk County > Boston (0.04)
- Europe > Italy (0.04)
- Information Technology > Artificial Intelligence > Representation & Reasoning > Uncertainty > Bayesian Inference (1.00)
- Information Technology > Artificial Intelligence > Machine Learning > Performance Analysis > Accuracy (1.00)
- Information Technology > Artificial Intelligence > Machine Learning > Learning Graphical Models > Directed Networks > Bayesian Learning (1.00)
- Asia > China > Jiangsu Province > Nanjing (0.04)
- Asia > China > Heilongjiang Province > Daqing (0.04)
Personalized Recommendation of Dish and Restaurant Collections on iFood
Granado, Fernando F., Bezerra, Davi A., Queiroz, Iuri, Oliveira, Nathan, Fernandes, Pedro, Schock, Bruno
Food delivery platforms face the challenge of helping users navigate vast catalogs of restaurants and dishes to find meals they truly enjoy. This paper presents RED, an automated recommendation system designed for iFood, Latin America's largest on-demand food delivery platform, to personalize the selection of curated food collections displayed to millions of users. Our approach employs a LightGBM classifier that scores collections based on three feature groups: collection characteristics, user-collection similarity, and contextual information. To address the cold-start problem of recommending newly created collections, we develop content-based representations using item embeddings and implement monotonicity constraints to improve generalization. We tackle data scarcity by bootstrapping from category carousel interactions and address visibility bias through unbiased sampling of impressions and purchases in production. The system demonstrates significant real-world impact through extensive A/B testing with 5-10% of iFood's user base. Online results of our A/B tests add up to 97% improvement in Card Conversion Rate and 1.4% increase in overall App Conversion Rate compared to popularity-based baselines. Notably, our offline accuracy metrics strongly correlate with online performance, enabling reliable impact prediction before deployment. To our knowledge, this is the first work to detail large-scale recommendation of curated food collections in a dynamic commercial environment.
- North America > Central America (0.25)
- South America > Brazil > São Paulo (0.05)
- North America > Canada > Ontario > Toronto (0.05)
- (2 more...)
Amazon's AI wants to own online shopping data
The two-part special, 'The Amazon Review Killer,' is now streaming on Fox Nation. Amazon already dominates online shopping, but now it's setting its sights even higher. With a new artificial intelligence-powered project called Starfish, the company aims to become the world's most complete and trusted source of product information. The goal? Make every listing on Amazon accurate, detailed and easy to understand, whether the product is sold by Amazon or a third-party seller. If the project works as planned, it could save sellers hours of work and help shoppers find what they need faster.
- Information Technology > Services > e-Commerce Services (0.87)
- Retail > Online (0.72)
'Over 1 Million' People Wanted a Cybertruck. Where Are They?
One of the staggering things the latest Cybertruck recall has revealed--other than Tesla's use of the wrong glue--is that Elon Musk's company appears to have sold 46,096 of these 7,000-pound electric pickups since customer deliveries began a little over 14 months ago. This is far fewer sales than Musk predicted for the Cybertruck just weeks before the roll-out--he told investors that Tesla would soon sell 250,000 Cybertrucks per year. On an earnings call a month before the November 2023 launch of the production vehicle, Musk boasted that Tesla had bagged "over 1 million" Cybertruck reservations and that "demand is off the charts." "Reservationists" initially paid 100 to join the queue, a refundable deposit later raised to 250. Car companies often open wait lists for models expected to outstrip supply, but most auto executives don't expect that all of those who lodge deposits will follow through.
- Transportation > Ground > Road (1.00)
- Automobiles & Trucks > Manufacturer (1.00)
A Predict-Then-Optimize Customer Allocation Framework for Online Fund Recommendation
Tang, Xing, Weng, Yunpeng, Lyu, Fuyuan, Liu, Dugang, He, Xiuqiang
With the rapid growth of online investment platforms, funds can be distributed to individual customers online. The central issue is to match funds with potential customers under constraints. Most mainstream platforms adopt the recommendation formulation to tackle the problem. However, the traditional recommendation regime has its inherent drawbacks when applying the fund-matching problem with multiple constraints. In this paper, we model the fund matching under the allocation formulation. We design PTOFA, a Predict-Then-Optimize Fund Allocation framework. This data-driven framework consists of two stages, i.e., prediction and optimization, which aim to predict expected revenue based on customer behavior and optimize the impression allocation to achieve the maximum revenue under the necessary constraints, respectively. Extensive experiments on real-world datasets from an industrial online investment platform validate the effectiveness and efficiency of our solution. Additionally, the online A/B tests demonstrate PTOFA's effectiveness in the real-world fund recommendation scenario.