Strategic Experimentation with Exponential Bandits.

This paper studies a game of strategic experimentation with two-armed bandits whose risky arm might yield a payoff only after some exponentially distributed random time. Because of free-riding, there is an inefficiently low level of experimentation in any equilibrium where the players use stationary...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखकों: Cripps, M, Keller, G, Rady, S
स्वरूप: Working paper
भाषा:English
प्रकाशित: Department of Economics (University of Oxford) 2003