expected utility and (ii) minimax expected regret. While the classic monopoly policy and the maximin criterion yield a single … deterministic price, minimax regret always prescribes a random pricing policy, or equivalently, a multi-item menu policy. The …

criteria with multiple priors: (i) maximin expected utility and (ii) minimax expected regret. The resulting optimal pricing … maximin criterion yield a single deterministic price, minimax regret always prescribes a random pricing policy, or …

distributional information. The seller is solving this choice problem under uncertainty by minimizing her regret. The pricing policy …. Buyers with low valuations cannot generate substantial regret and are priced out of the market. We generalize the pricing …