Sequential Choice Under Ambiguity: Intuitive Solutions to the Armed-Bandit Problem

DOI10.1287/mnsc.41.5.817zbMath0843.90005MaRDI QIDQ4865407

Yong Shi, Robert J. Meyer

Publication date: 13 February 1996

Published in: Management Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/mnsc.41.5.817

zbMATH Keywords

heuristics; learning; risk taking; decision making under uncertainty; sequential decision analysis; armed-bandit problem; dynamic decision theory; optimal Bernoulli sampler; repeated choices

Mathematics Subject Classification ID

91B06: Decision theory

60G40: Stopping times; optimal stopping problems; gambling theory

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