The Perils of Exploration under Competition: A Computational Modeling Approach

Guy Aridor
Guy Aridor
Kevin Liu
Kevin Liu

Proceedings of the 2019 ACM Conference on Economics and Computation, pp. 171-172, 2019.

Cited by: 6|Bibtex|Views28|DOI:https://doi.org/10.1145/3328526.3329635
EI
Other Links: academic.microsoft.com|dl.acm.org|dblp.uni-trier.de

Abstract:

We empirically study the interplay between exploration and competition. Systems that learn from interactions with users often engage in exploration: making potentially suboptimal decisions in order to acquire new information for future decisions. However, when multiple systems are competing for the same market of users, exploration may hu...More

Code:

Data:

Your rating :
0

 

Tags
Comments