Dynamic stochastic dominance in bandit decision problems

Authors
Magnac, T Robin, JM
Citation
T. Magnac et Jm. Robin, Dynamic stochastic dominance in bandit decision problems, THEOR DECIS, 47(3), 1999, pp. 267-295
Citations number
22
Categorie Soggetti
Economics
Journal title
THEORY AND DECISION
ISSN journal
00405833 → ACNP
Volume
47
Issue
3
Year of publication
1999
Pages
267 - 295
Database
ISI
SICI code
0040-5833(199912)47:3<267:DSDIBD>2.0.ZU;2-P
Abstract
The aim of this paper is to study the monotonicity properties with respect to the probability distribution of the state processes, of optimal decision s in bandit decision problems. Orderings of dynamic discrete projects are p rovided by extending the notion of stochastic dominance to stochastic proce sses.