Social learning in one-arm bandit problems

被引:46
作者
Rosenberg, Dinah
Solan, Eilon
Vieille, Nicolas
机构
[1] Univ Paris 13, Lab Anal Geometrie & Applicat, Inst Galilee, F-93430 Villetaneuse, France
[2] Ecole Polytech, Lab Econometrie, F-75230 Paris, France
[3] Tel Aviv Univ, Sch Math Sci, IL-69978 Tel Aviv, Israel
[4] HEC, Dept Finance & Econ, F-78351 Jouy En Josas, France
关键词
social learning; one-arm bandit; equilibrium; cutoff strategies;
D O I
10.1111/j.1468-0262.2007.00807.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study a two-player one-arm bandit problem in discrete time, in which the risky arm can have two possible types, high and low, the decision to stop experimenting is irreversible, and players observe each other's actions but not each other's payoffs. We prove that all equilibria are in cutoff strategies and provide several qualitative results on the sequence of cutoffs.
引用
收藏
页码:1591 / 1611
页数:21
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