A common value experimentation with multiarmed bandits
type: Item
instance of: scholarly article
title: A common value experimentation with multiarmed bandits
zbMATH Open document ID: 1427.91075
DOI: 10.1155/2018/4791590
author: Xiujuan Gao
author: Hao Liang
author: Tong Wang
published in: Mathematical Problems in Engineering
publication date: 2019-02-08T00:00:00Z
review text: Summary: We study a value common experimentation with multiarmed bandits and give an application about the experimentation. The second derivative of value functions at cutoffs is investigated when an agent switches action with multiarmed bandits. If consumers have identical preference which is unknown and purchase products from only two sellers among multiple sellers, we obtain the necessary and sufficient conditions about the common experimentation. The Markov perfect equilibrium and the socially effective allocation in \(K\)-armed markets are discussed.
Mathematics Subject Classification ID: 91A90
Mathematics Subject Classification ID: 91A60
Mathematics Subject Classification ID: 60G40
Mathematics Subject Classification ID: 60H10
Mathematics Subject Classification ID: 93E15
zbMATH DE Number: 7019028
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2018/4791590
OpenAlex ID: W2883641336
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description: scientific article; zbMATH DE number 7019028