Branching bandits: a sequential search process with correlated pay-offs

被引：8
|
作者：
Keller, G
Oldale, A
机构：
[1] Univ Oxford, Dept Econ, Oxford OX1 3UQ, England
[2] Natl Econ Res Associates Inc, B-1000 Brussels, Belgium
来源：
JOURNAL OF ECONOMIC THEORY | 2003年 / 113卷 / 02期
关键词：
bandit problems; Gittins index; sequential search;
D O I：
10.1016/S0022-0531(03)00092-9
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper presents a model of a sequential search process for the best outcome of many multi-stage projects. The branching structure of the search environment is such that the payoffs to various actions are correlated; nevertheless, it is shown that the optimal strategy is given by a simple reservation price rule. (C) 2003 Published by Elsevier Science (USA).
引用
收藏
页码：302 / 315
页数：14
相关论文
共 50 条
12345