own experiences about the effectiveness of the product. Individual learning generates ex post heterogeneity, which affects … the buyers' purchasing decisions, the monopolist's pricing strategy, and efficiency. When learning occurs through good … exploration. When learning occurs through bad news signals, ex post heterogeneity has no such effect, since only homogeneous …

experimentation as possible over an initial period, until making a switch to the worst possible continuation equilibrium. The initial …

case study of imperfect information dynamic programming problem with learning and experimentation trade-off that is, a … choice between controlling the policy target and learning system parameters. Specifically, we use a model of active learning … lie behind steep learning barrier, we argue that the future of many computations belong to parallel algorithms anyway. …

agent’s effort, inducing as much experimentation as possible over an initial period, until making a switch to the worst …

expand to new destinations. We develop a model based on experimentation to rationalize these and other dynamic patterns of …

design several experiment settings to test the performance of the proposed methods. …

a case study of imperfect information dynamic programming problem with learning and experimentation trade-off, that is … 26 are also achievable but lie behind a learning and experimentation barrier of their own. Drawing upon experience with …, a choice between controlling the policy target and learning system parameters. Specifically, we use a model of active …