Strategic experimentation with Poisson bandits

G Keller, S Rady - Theoretical Economics, 2010 - Wiley Online Library
We study a game of strategic experimentation with two‐armed bandits where the risky arm
distributes lump‐sum payoffs according to a Poisson process. Its intensity is either high or …

Negatively correlated bandits

N Klein, S Rady - The Review of Economic Studies, 2011 - academic.oup.com
We analyse a two-player game of strategic experimentation with two-armed bandits. Either
player has to decide in continuous time whether to use a safe arm with a known pay-off or a …

Bandits in the Lab

J Hoelzemann, N Klein - Quantitative Economics, 2021 - Wiley Online Library
We experimentally implement a dynamic public‐good problem, where the public good in
question is the dynamically evolving information about agents' common state of the world …

The importance of being honest

N Klein - Theoretical Economics, 2016 - Wiley Online Library
This paper analyzes the case of a principal who wants to provide an agent with proper
incentives to explore a hypothesis that can be either true or false. The agent can shirk, thus …

Machiavellian experimentation

Y **e, Y **e - Journal of Comparative Economics, 2017 - Elsevier
This paper proposes the following mechanism whereby polarization of beliefs could
eliminate political gridlock instead of intensifying disagreement: the expectation of political …

Strategic experimentation with asymmetric players

K Das, N Klein, K Schmid - Economic Theory, 2020 - Springer
We examine a two-player game with two-armed exponential bandits à la (Keller et al. in
Econometrica 73: 39–68, 2005), where players operate different technologies for exploring …

Two-armed restless bandits with imperfect information: Stochastic control and indexability

R Fryer, P Harms - Mathematics of Operations Research, 2018 - pubsonline.informs.org
We present a two-armed bandit model of decision making under uncertainty where the
expected return to investing in the “risky arm” increases when choosing that arm and …

A sequential game-theoretic study of the retweeting behavior in Sina Weibo

R Wang, W Cai - The Journal of Supercomputing, 2015 - Springer
Retweeting behavior is a key mechanism for information diffusion in microblogging services
such as Sina Weibo. It is the mechanism of retweeting that leads to the fast and wide …

[PDF][PDF] Information and the bandit: The good, the bad and the ugly

J Hoelzemann, N Klein - University of Vienna and …, 2024 - johanneshoelzemann.com
We experimentally investigate a game of strategic experimentation in which information
arrives through fully revealing, publicly observable, breakdowns. As predicted by theory, we …

Quantifying the burden of exploration and the unfairness of free riding

C Jung, S Kannan, N Lutz - Proceedings of the Fourteenth Annual ACM-SIAM …, 2020 - SIAM
We consider the multi-armed bandit setting with a twist. Rather than having just one decision
maker deciding which arm to pull in each round, we have n different decision makers …