Strategic experimentation with private payoffs

DOI10.1016/J.JET.2015.07.017zbMath1330.91044OpenAlexW3123108533MaRDI QIDQ900444

Sven Rady, Philipp Strack, Paul Heidhues

Publication date: 22 December 2015

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2015.07.017

zbMATH Keywords

Bayesian learningcheap talkstrategic experimentationinformation externalitytwo-armed banditmediated communication

Mathematics Subject Classification ID

Signaling and communication in game theory (91A28) Probabilistic games; gambling (91A60)

Related Items (14)

Robust experimentation in the continuous time bandit problem ⋮ Costly sequential experimentation and project valuation with an application to health technology assessment ⋮ Strategic investment and learning with private information ⋮ Monitoring innovation ⋮ The effects of rivalry on scientific progress under public vs private learning ⋮ Strategic investment evaluation ⋮ Strategic experimentation with private payoffs ⋮ Super- and submodularity of stopping games with random observations ⋮ Strategic experimentation with asymmetric players ⋮ A note on optimal experimentation under risk aversion ⋮ Strategic observation with exponential bandits ⋮ Player-compatible learning and player-compatible equilibrium ⋮ Inefficiency of sponsored research ⋮ Experimentation and project selection: screening and learning

Cites Work

• Investment timing and learning externalities
• Private monitoring in auctions
• Strategic experimentation with private payoffs
• Subgame-perfect equilibria of finite- and infinite-horizon games
• On the value of information in a strategic conflict
• Keeping your options open
• On games of strategic experimentation
• Learning and Information Aggregation in an Exit Game
• Preemption Games with Private Information
• Negatively Correlated Bandits
• Collusion With Persistent Cost Shocks
• Multistage Games with Communication
• An Approach to Communication Equilibria
• Sequential Equilibria
• Communication in Repeated Games with Imperfect Private Monitoring
• Private Observation, Communication and Collusion
• Strategic Experimentation
• Breakdowns
• Strategic experimentation with Poisson bandits
• Designing Dynamic Contests
• Strategic Experimentation with Exponential Bandits
• Social Learning in One-Arm Bandit Problems
• Stationary multi-choice bandit problems.

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