Exploration versus exploitation: A laboratory test of the single‐agent exponential bandit model.
This paper analyzes how individuals resolve an exploration versus exploitation trade‐off in a laboratory experiment. The experiment implements the single‐agent exponential bandit model. We analyze how subjects respond to changes in the prior belief, safe action, and discount factor. We find that sub...
| Publicado en: | Economic Inquiry Vol. 62; no. 1; pp. 267 - 287 |
|---|---|
| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Jan2024
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |