2min chapter

Data Skeptic cover image

Adwords with Unknown Budgets

Data Skeptic

CHAPTER

The New Approach With Proportional Bidding to the Available Budget

A new approach with proportional bidding to the available budget, left, where does that put us between this lower bound of greedy and this theoretical upper bound of seeing the future? Right? So it makes sense that er, i mean, we didn't do the derivation, but to say that 50 % is the efficiency for greedy, it's intuitively appealing. I can trust that there's a mathematical proof there that listeners can find in the paper. And then obviously, there's a ceiling here. If i had perfect knowledge of the future, i could come up with the optimal solution, cause i know what's going to happen in advance. I can do no better than that.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode