Search Results for two-armed bandit

... by the strongest “silent” response. This cumulative effects (CE) model has been tested in operant conditioning experiments that show, for example, that when choosing between two identical probabilistic choices in a “two-armed bandit” situation, animals will fixate on one if the payoff probabilities are high...

...., an automated inferential analysis through machine learning must be embedded in the experimental process itself): For example, a user might arrive at a web site. Based on the user s characteristics, a contextual bandit might randomize among treatment arms in proportion to the current best estimate...

... be addressed to Balbir S. Sihag, Department of Economics, One Univer- sity Avenue, University of Massachusetts, Lowell, MA 01854; e-mail: [email protected]. I am deeply indebted to the two anonymous referees for significantly enhancing the clarity and content of this article. However, I assume full...

... to documenting the early life of Rosenstein-Rodan, this article discusses two critical junctures in the history of development economics, namely, the birth of the discipline in the late 1940s and its decline approximately a quarter century later. Rosenstein-Rodan was a fundamental player in both instances...

... of living. In each one, the terms “cost of liv- ing” and “high cost of living” were used interchangeably to refer to rising prices. Two years later it explained “this higher and rising cost of living is the cause of much unrest” (“Higher Cost of Living” 1912).2 Thus, in the two decades before 1920...