Tag: Exploit

The Multi-Armed Bandit

To Exploit or Explore?

Imagine this, you’re at a casino, of course, trying your luck. There are 10 slot machines in front of you, each one has a potential reward. Your Goal- maximize your winnings. How do you go about it? Do you sit at one machine the entire night and try exploit your winnings? Or do you chance it and move from machine to machine exploring the various options available? Believe it or not this simp...

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