On the evaluation of suboptimal strategies for families of alternative bandit processes
- 1 September 1982
- journal article
- Published by Cambridge University Press (CUP) in Journal of Applied Probability
- Vol. 19 (3), 716-722
- https://doi.org/10.2307/3213534
Abstract
Families of alternative bandit processes have been used as models for problems in a variety of areas. Optimal strategies for these decision processes are determined by dynamic allocation indices. These indices are here shown to play an important role in the evaluation of suboptimal strategies.Keywords
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