Strategic Experimentation with Exponential Bandits.

Strategic Experimentation with Exponential Bandits.

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We analyze a game of strategic experimentation with two-armed bandits whose risky arm might yield payoffs after exponentially distributed random times. Free-riding causes an inefficiently low level of experimentation in any equilibrium where the players use stationary Markovian strategies with belie...

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Autors principals:	Keller, G, Rady, S, Cripps, M
Format:	Journal article
Idioma:	English
Publicat:	2005

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