3min chapter

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Machine learning in the wild

Thoughtworks Technology Podcast

CHAPTER

Reinforcement Learning for Dynamic Pricing

The easiest way to do reinforcement learning is to have access to a simulator. You can play against yourself, who can play against a computer and become iteratively better. For real world problems, let's say pricing, you don't have a simulator. If you knew what people would buy at what price, you wouldn't need machine learning to begin with.

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