Experimentation? Online Learning?
Today at Columbia Business School’s DRO PhD open house, a friend of mine from SJTU is really into something called “experimentation”—and introduced it to me. I found is somewhat echos online learning. But not entirely the same. Experimentation in OR/OM means actively exploring different actions to learn about unknown factors, rather than passively using assumed parameters to optimize a system. This concept is central to online learning problems like multi-armed bandits and reinforcement learning....