Undiscounted bandit games

We analyze undiscounted continuous-time games of strategic experimentation with two-armed bandits. The risky arm generates payoffs according to a Le´vy process with an unknown average payoff per unit of time which nature draws from an arbitrary finite set. Observing all actions and realized...

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Autori principali: Keller, G, Rady, S
Natura: Working paper
Pubblicazione: University of Oxford 2019