Real Experiment Data Sample Clauses

Real Experiment Data. We plotted the total purchase rates for Markov and non-Markov processes versus the number of respondents at each price level in Fig. (2.1). Figure 2.1: Markovian and non-Markovian purchase rates from real survey From this figure, it’s obvious that purchase rates for both Markov(P0) and non- Markov processes(P∞) converge to some value lying in [0, 1]. As expected, final purchase rates decreased as the price increased for both Markov and non-Markov processes. However, differences between P0 and P∞ are found at the same price level in all three sets of data. In Fig. (2.2), we plotted ∆ Purchase rate1 versus number of respondents for all three price levels. 1∆ Purchase rate = non-Markovian Purchase Rate - Markovian Purchase Rate Figure 2.2: Difference between Markovian and non-Markovian purchase rates. Significant differences are found between the Markovian purchase rate P0 and the non-Markovian purchase rate P∞. For example, the purchase rate of the Xxxxx- xxxx process of A10 converges approximately to the value 32.2%, while the non- Markovian purchase percentage at this price level has its equilibrium at 21.6%. The difference between the two is around 10%, which is nearly 50% of the non- Markovian equilibrium value. When the price is set as A5, the gap between Xxxxx- xxxx and non-Markovian purchase rate is 4%, which is the smallest among the three; meanwhile,A3 produces a gap around 8%.
Sample 1
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