A Bayesian analysis of human decision-making on bandit problems

DOI10.1016/j.jmp.2008.11.002zbMath1176.90319OpenAlexW1978837788WikidataQ57710688 ScholiaQ57710688MaRDI QIDQ1042313

Eric‐Jan Wagenmakers, Mark Steyvers, Michael D. Lee

Publication date: 7 December 2009

Published in: Journal of Mathematical Psychology (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmp.2008.11.002

zbMATH Keywords

decision-makingBayesian modelingindividual differencesbandit problemexploration versus exploitation

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50)

Related Items (10)

A comparison model of reinforcement-learning and win-stay-lose-shift decision-making processes: a tribute to W. K. Estes ⋮ Optimal experimental design for a class of bandit problems ⋮ The development of randomization and deceptive behavior in mixed strategy games ⋮ Placing approach-avoidance conflict within the framework of multi-objective reinforcement learning ⋮ A tutorial on Bayes factor estimation with the product space method ⋮ Ambiguity aversion in multi-armed bandit problems ⋮ Bayesian parameter estimation in the Expectancy Valence model of the Iowa gambling task ⋮ A general latent assignment approach for modeling psychological contaminants ⋮ Optimal response selection and decisional separability in Gaussian general recognition theory ⋮ Theoretical tools for understanding and aiding dynamic decision making

Uses Software

• BayesDA

Cites Work

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• An experimental analysis of the bandit problem
• Optimal learning and experimentation in bandit problems.
• Bayes Factors
• Sequential Choice Under Ambiguity: Intuitive Solutions to the Armed-Bandit Problem
• A Bernoulli Two-armed Bandit
• Some aspects of the sequential design of experiments
• Graphical models

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