Robust Multiarmed Bandit Problems

The multiarmed bandit problem is a popular framework for studying the exploration versus exploitation trade-off. Recent applications include dynamic assortment design, Internet advertising, dynamic pricing, and the control of queues. The standard mathematical formulation for a bandit problem makes t...

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Bibliographic Details
Published in:	Management science Vol. 62; no. 1; pp. 264 - 285
Main Authors:	Kim, Michael Jong, Lim, Andrew E.B.
Format:	Journal Article
Language:	English
Published:	Linthicum Institute for Operations Research and the Management Sciences 01.01.2016
Subjects:	Advertisements Algorithms Bayesian analysis Decision making Decisions Distribution Dynamic programming Entropy (Information theory) Experiments Exploitation Game theory Indexes Internet Mathematical research Online advertising Profitability Property Rewards Stochastic models Tradeoff analysis
ISSN:	0025-1909, 1526-5501
Online Access:	Get full text
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