Timo has spent over 10 years in the retail industry mainly working with and researching pricing and promotion related topics. He is currently a Data Scientist for catawiki where he focuses on customer behaviour modelling as well as customer and marketplace analytics. His previous experience includes working or consulting for companies such as Yoox Net-A-Porter, Morrisons Supermarkets, Dansk Supermarked, Boots, Swiss Coop, LVMH, SAP, and Simon Kucher & Partners. He holds a PhD in Management Science from Lancaster University and has published in journals such as Decision Support Systems and the Journal of Revenue & Pricing Management.
Who bids a tenner on a Ferrari? Simulating complex customer behaviour in online auctions
In a time where AI is the only game in town, traditional methods seem to vanish from the analyst’s toolbox. This talk describes how catawiki uses stochastic modelling and simulation approaches to better understand customers’ behaviour on its auction platform.