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...
| मुख्य लेखकों: | , , |
|---|---|
| स्वरूप: | Working paper |
| प्रकाशित: |
University of Oxford
2003
|