| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 957723 | Journal of Economic Theory | 2007 | 9 Pages |
Abstract
This note provides a characterization of optimal policies in a class of two-armed bandits that allows for correlated arms. This characterization extends previously known results in the literature. In particular, it implies, under a mild continuity assumption, the optimality of cutoff belief strategies for this class of bandits. Cutoff beliefs are not unique, though.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Braz Camargo,