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This paper analyses a two-player game of strategic experimentation with two-armed bandits.At least one of the arms is risky in the sense that it may not yield a lumpsum payoff. There is payoff externality between the players and they differ in their ability to learn across the risky arm. Either...
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In this paper, I examine the effect of introducing heterogeneity between players in a model of strategic experimentation. I consider a two-armed bandit problem in continuous time with one safe arm and a risky arm. There are two players and each has an access to such a bandit. A player using the...
Persistent link: https://www.econbiz.de/10011276268
We study a model of decentralised bilateral interactions in a small market where one of the sellers has private information about her value. There are two identical buyers and another seller, whose valuation is commonly known to be in between the two possible valuations of the informed seller....
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This paper reviews the state of field of nanotechnology in concrete technology field. The outstanding chemical any physical property of nanomaterials helps in structural reinforcement and redemption of environmental pollution, and also in producing self cleaning materials. Concrete is one of the...
Persistent link: https://www.econbiz.de/10014102049