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...
| 主要な著者: | , , |
|---|---|
| フォーマット: | Working paper |
| 言語: | English |
| 出版事項: |
Department of Economics (University of Oxford)
2003
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