Paper ID: 2304.10302

Optimal Activation of Halting Multi-Armed Bandit Models

Wesley Cowan, Michael N. Katehakis, Sheldon M. Ross

We study new types of dynamic allocation problems the {\sl Halting Bandit} models. As an application, we obtain new proofs for the classic Gittins index decomposition result and recent results of the authors in `Multi-armed bandits under general depreciation and commitment.'

Submitted: Apr 20, 2023