Mostly OM diary | Allocating Divisible Resources on Arms with Unknown and Random Rewards
speaker: Ningyuan Chen | Prof., University of Toronto related paper: Allocating Divisible Resources on Arms with Unknown and Random Rewards TALK ABSTRACT: We consider a decision maker allocating one unit of renewable and divisible resource in each period on a number of arms. The arms have unknown and random rewards whose means are proportional to the allocated resource and whose variances are proportional to an order b of the allocated resource....