Wisdom of crowds versus groupthink: learning in groups and in isolation (Q361811): Difference between revisions
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English | Wisdom of crowds versus groupthink: learning in groups and in isolation |
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Wisdom of crowds versus groupthink: learning in groups and in isolation (English)
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19 August 2013
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The paper presents four classes of boundedly-rational strategies in multi-armed bandit problems and investigates if their asymptotic performance depends on whether the strategy is considered in isolation or in a network, or on whether the strategy is evaluated by itself or within a collection of communicating learners. Although it essentially is a theoretical paper, its findings can be useful for fields such as economics, psychology, computer science and philosophy, where various phenomena are modeled through such strategies.
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multi-armed bandit problems
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networks
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reinforcement learning
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boundedly-rational strategies
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