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Published in 2020 at "Economic Theory"
DOI: 10.1007/s00199-019-01193-9
Abstract: We examine a two-player game with two-armed exponential bandits à la (Keller et al. in Econometrica 73:39–68, 2005 ), where players operate different technologies for exploring the risky option. We characterise the set of Markov perfect…
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Keywords:
markov perfect;
strategic experimentation;
asymmetric players;
equilibrium ... See more keywords