Markov chain
Concept
A mathematical model used to analyze the dynamic bidding behavior and learning of suppliers between auctions.
Mentioned in 3 videos
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Videos Mentioning Markov chain
E-Sourcing: Impact of Non-Price Attributes Strategic Bidding and Learning
GoogleTalksArchive
A mathematical model used to analyze the dynamic bidding behavior and learning of suppliers between auctions.
Dileep George: Brain-Inspired AI | Lex Fridman Podcast #115
Lex Fridman
A mathematical model describing a sequence of possible events in which the probability of each event depends only on the state attained in the previous event, used in Shannon's model of English text.
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