{"podcast":{"title":"Learning Bayesian Statistics","slug":"learning-bayesian-statistics","podcast_index_feed_id":1331380,"rss_url":"https://feeds.captivate.fm/learnbayesstats/","website_url":"https://www.learnbayesstats.com","image_url":"https://hosting-media.riverside.com/media/imports/podcasts/79e0a4fb-97ab-4e95-a875-24a8b9ee27da/2331893-1568966097324-58deab5a83dc6.jpg","author":"Alexandre Andorra","episode_count":199,"summary":"Are you a researcher or data scientist / analyst / ninja? Do you want to learn Bayesian inference, stay up to date or simply want to understand what Bayesian inference is? Then this podcast is for you! You'll hear from researchers and practitioners of all fields about how they use Bayesian statistics, and how in turn YOU can apply these methods in your modeling workflow. When I started learning Bayesian methods, I really wished there were a podcast out there that could introduce me to the methods, the projects and the people who make all that possible. So I created \"Learning Bayesian Statistics\", where you'll get to hear how Bayesian statistics are used to detect black matter in outer space, forecast elections or understand how diseases spread and can ultimately be stopped. But this show is not only about successes -- it's also about failures, because that's how we learn best. So you'll often hear the guests talking about what *didn't* work in their projects, why, and how they overcame these challenges. Because, in the end, we're all lifelong learners! My name is Alex Andorra by the way. By day, I'm a Senior data scientist. By night, I don't (yet) fight crime, but I'm an open-sour…","last_synced_at":null,"page_url":"https://stenobird.com/podcast/learning-bayesian-statistics"},"episode":{"title":"Bitesize | How To Model Risk Aversion In Pricing?","slug":"bitesize-how-to-model-risk-aversion-in-pricing","published_at":"2026-03-04T18:08:16+00:00","page_url":"https://stenobird.com/podcast/learning-bayesian-statistics/bitesize-how-to-model-risk-aversion-in-pricing","show_page_url":"https://stenobird.com/podcast/learning-bayesian-statistics","url":"https://api.riverside.com/hosting-analytics/media/4ecbc2bac47aafcb2b8885b23373ed0986966e85790d35325dd850b928e11bee/eyJlcGlzb2RlSWQiOiJlZjAxNDk1OS0xNGJjLTRiNTctODQ2OC05ZjE2MDZiYTkzOWYiLCJwb2RjYXN0SWQiOiI3OWUwYTRmYi05N2FiLTRlOTUtYTg3NS0yNGE4YjllZTI3ZGEiLCJhY2NvdW50SWQiOiI2NDQ4M2JiZWM3ZjQ1MTFhYThjMzE1Y2QiLCJwYXRoIjoibWVkaWEvY2xpcHMvNjlhODcxZDFkN2ZkZjI2ZTg1ZmVhM2VjL2FsZXhhbmRyZS1hbmRvcnJhcy1zdHVkaW8tY29tcG9zZXItMjAyNi0zLTRfXzE4LTU0LTI1Lm1wMyJ9.mp3","audio_url":"https://api.riverside.com/hosting-analytics/media/4ecbc2bac47aafcb2b8885b23373ed0986966e85790d35325dd850b928e11bee/eyJlcGlzb2RlSWQiOiJlZjAxNDk1OS0xNGJjLTRiNTctODQ2OC05ZjE2MDZiYTkzOWYiLCJwb2RjYXN0SWQiOiI3OWUwYTRmYi05N2FiLTRlOTUtYTg3NS0yNGE4YjllZTI3ZGEiLCJhY2NvdW50SWQiOiI2NDQ4M2JiZWM3ZjQ1MTFhYThjMzE1Y2QiLCJwYXRoIjoibWVkaWEvY2xpcHMvNjlhODcxZDFkN2ZkZjI2ZTg1ZmVhM2VjL2FsZXhhbmRyZS1hbmRvcnJhcy1zdHVkaW8tY29tcG9zZXItMjAyNi0zLTRfXzE4LTU0LTI1Lm1wMyJ9.mp3","summary":"Today's clip is from Episode 152 of the podcast, with Daniel Saunders. In this conversation, Daniel Saunders explains how to incorporate risk aversion into Bayesian price optimization. The key insight is that uncertainty around expected profit is asymmetric across price points, low prices yield more predictable (if modest) returns, while high prices introduce much wider uncertainty. Rather than simply maximizing expected profit, you can pass profit through an exponential utility function that models diminishing returns, a well-established idea from economics. This adds an adjustable risk aversion parameter to the optimization: as risk aversion increases, the model shifts toward more conservative price recommendations, trading off potentially large but uncertain gains for outcomes with tighter, more reliable distributions. Get the full discussion here • Join this channel to get access to perks: https://www.patreon.com/c/learnbayesstats • Intro to Bayes Course (first 2 lessons free): https://topmate.io/alex_andorra/503302 • Advanced Regression Course (first 2 lessons free): https://topmate.io/alex_andorra/1011122 Our theme music is « Good Bayesian », by Baba Brinkman (feat MC Lars and Mega Ran). Check out his awesome work at https://bababrinkman.com/ !","meta_description":"Today's clip is from Episode 152 of the podcast, with Daniel Saunders. In this conversation, Daniel Saunders explains how to incorporate risk aversion int…","key_points":[],"chapters":[],"topics":[],"duration_seconds":214,"processing_state":"failed","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/learning-bayesian-statistics/episodes/bitesize-how-to-model-risk-aversion-in-pricing/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/learning-bayesian-statistics/bitesize-how-to-model-risk-aversion-in-pricing.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}