Document Type
Discussion Paper
Publication Date
10-1-1999
CFDP Number
1240
CFDP Pages
12
Abstract
This note shows that the optimal choice of k simultaneous experiments in a stationary multi-armed bandit problem can be characterized in terms of the Gittins index of each arm. The index characterization remains equally valid after the introduction of switching costs.
Recommended Citation
Bergemann, Dirk and Välimäki, Juuso, "Stationary Multi Choice Bandit Problems" (1999). Cowles Foundation Discussion Papers. 1489.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1489