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

DOI10.1287/mnsc.41.5.817zbMath0843.90005OpenAlexW1987360242MaRDI 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

heuristicslearningrisk takingdecision making under uncertaintysequential decision analysisarmed-bandit problemdynamic decision theoryoptimal Bernoulli samplerrepeated choices

Mathematics Subject Classification ID

Decision theory (91B06) Stopping times; optimal stopping problems; gambling theory (60G40)

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