A single redemption threshold loses at most 1+ln2 of the revenue of personalized thresholds, and stable, devaluation-free threshold learning achieves near-optimal regret.
Management Science 67(3):1329--1349
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Learning Fair And Effective Points-Based Rewards Programs
A single redemption threshold loses at most 1+ln2 of the revenue of personalized thresholds, and stable, devaluation-free threshold learning achieves near-optimal regret.