Grosse, Niels D.; Kirchkamp, Oliver - Wirtschaftswissenschaftliche Fakultät, … - 2009
In this paper we are studying a multiple player two-armed bandit model with two risky arms in discrete time. Players have to find the superior arm and can learn from others' history of choices and successes. In equilibrium, there is no con?ict between individual and social rationality. If agents...
