Keller, Godfrey; Rady, Sven - 2009 - This version: April 8, 2009
until another player takes
over.
Keywords: Strategic Experimentation, Two-Armed Bandit, Poisson Process,
Bayesian Learning … strategic experimentation where a finite number
of players face identical two-armed bandit problems. There is a safe arm that … endowed with one unit of a perfectly divisible resource per unit
of time, and each facing a two-armed bandit problem. Lump …