Social Learning in One-Arm Bandit Problems.
We study a two-player one-arm bandit problem in discrete time, in which the risky arm can have two possible types, high and low, the decision to stop experimenting is irreversible, and players observe each other's actions but not each other's payoffs. We prove that all equilibria are in cutoff strat...
| Published in: | Econometrica Vol. 75; no. 6; pp. 1591 - 1612 |
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| Main Authors: | , , |
| Format: | Article |
| Published: |
Wiley-Blackwell
November 2007
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |