no code implementations • 12 Nov 2022 • Zengjing Chen, Huaijin Liang, Wei Wang, Xiaodong Yan
No matter how much some gamblers occasionally win, as long as they continue to gamble, sooner or later they will lose more to the casino, which is the so-called long bet will lose.
no code implementations • 14 Oct 2022 • Zengjing Chen, Larry G. Epstein, Guodong Zhang
This paper studies a sequential decision problem where payoff distributions are known and where the riskiness of payoffs matters.
no code implementations • 2 Jun 2022 • Zengjing Chen, Yiwei Lin, Jichen Zhang
Myopic strategy is one of the most important strategies when studying bandit problems.
no code implementations • 10 Jun 2021 • Zengjing Chen, Larry G. Epstein, Guodong Zhang
This paper studies a multi-armed bandit problem where the decision-maker is loss averse, in particular she is risk averse in the domain of gains and risk loving in the domain of losses.