Sequential Sampling with Economics of Selection Procedures
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DOI: 10.1287/mnsc.1110.1425
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References listed on IDEAS
- Peter I. Frazier & Warren B. Powell, 2010. "Paradoxes in Learning and the Marginal Value of Information," Decision Analysis, INFORMS, vol. 7(4), pages 378-403, December.
- Brezzi, Monica & Lai, Tze Leung, 2002. "Optimal learning and experimentation in bandit problems," Journal of Economic Dynamics and Control, Elsevier, vol. 27(1), pages 87-108, November.
- Stephen E. Chick & Noah Gans, 2009. "Economic Analysis of Simulation Selection Problems," Management Science, INFORMS, vol. 55(3), pages 421-437, March.
- Stephen E. Chick & Jürgen Branke & Christian Schmidt, 2010. "Sequential Sampling to Myopically Maximize the Expected Value of Information," INFORMS Journal on Computing, INFORMS, vol. 22(1), pages 71-80, February.
- Stephen E. Chick & Koichiro Inoue, 2001. "New Two-Stage and Sequential Procedures for Selecting the Best Simulated System," Operations Research, INFORMS, vol. 49(5), pages 732-743, October.
Citations
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Cited by:
- Tom Dvir & Renana Peres & Ze'ev Rudnick, 2020. "Modelling the expected probability of correct assignment under uncertainty," Papers 2008.05878, arXiv.org.
- Jing Xie & Peter I. Frazier, 2013. "Sequential Bayes-Optimal Policies for Multiple Comparisons with a Known Standard," Operations Research, INFORMS, vol. 61(5), pages 1174-1189, October.
- Nikhil Bhat & Vivek F. Farias & Ciamac C. Moallemi & Deeksha Sinha, 2020. "Near-Optimal A-B Testing," Management Science, INFORMS, vol. 66(10), pages 4477-4495, October.
- Eric M. Schwartz & Eric T. Bradlow & Peter S. Fader, 2017. "Customer Acquisition via Display Advertising Using Multi-Armed Bandit Experiments," Marketing Science, INFORMS, vol. 36(4), pages 500-522, July.
- Raluca M. Ursu & Daria Dzyabura, 2020. "Retailers’ product location problem with consumer search," Quantitative Marketing and Economics (QME), Springer, vol. 18(2), pages 125-154, June.
- Chao Qin & Daniel Russo, 2024. "Optimizing Adaptive Experiments: A Unified Approach to Regret Minimization and Best-Arm Identification," Papers 2402.10592, arXiv.org, revised Jul 2024.
- Weiwei Fan & L. Jeff Hong & Barry L. Nelson, 2016. "Indifference-Zone-Free Selection of the Best," Operations Research, INFORMS, vol. 64(6), pages 1499-1514, December.
- Jun Luo & L. Jeff Hong & Barry L. Nelson & Yang Wu, 2015. "Fully Sequential Procedures for Large-Scale Ranking-and-Selection Problems in Parallel Computing Environments," Operations Research, INFORMS, vol. 63(5), pages 1177-1194, October.
- Stephen Chick & Martin Forster & Paolo Pertile, 2017.
"A Bayesian decision theoretic model of sequential experimentation with delayed response,"
Journal of the Royal Statistical Society Series B, Royal Statistical Society, vol. 79(5), pages 1439-1462, November.
- Stephen Chick & Martin Forster & Paolo Pertile, 2015. "A Bayesian Decision-Theoretic Model of Sequential Experimentation with Delayed Response," Discussion Papers 15/09, Department of Economics, University of York.
- Banerjee, Subrato, 2020. "Sample sizes in experimental games," Research in Economics, Elsevier, vol. 74(3), pages 221-227.
- Daria Dzyabura & John R. Hauser, 2019. "Recommending Products When Consumers Learn Their Preference Weights," Marketing Science, INFORMS, vol. 38(3), pages 417-441, May.
- Subrato Banerjee, 2015. "Power analysis and sample sizes: A Binding frontier approach," Discussion Papers 15-04, Indian Statistical Institute, Delhi.
- Raluca M. Ursu & Qingliang Wang & Pradeep K. Chintagunta, 2020. "Search Duration," Marketing Science, INFORMS, vol. 39(5), pages 849-871, September.
- Victor F. Araman & René A. Caldentey, 2022. "Diffusion Approximations for a Class of Sequential Experimentation Problems," Management Science, INFORMS, vol. 68(8), pages 5958-5979, August.
- Annie Liang & Xiaosheng Mu & Vasilis Syrgkanis, 2019. "Optimal and Myopic Information Acquisition," Working Papers 2019-25, Princeton University. Economics Department..
- Weiwei Fan & L. Jeff Hong & Xiaowei Zhang, 2020. "Distributionally Robust Selection of the Best," Management Science, INFORMS, vol. 66(1), pages 190-208, January.
- Francisco Alvarez, 2018. "Decomposing risk in an exploitation–exploration problem with endogenous termination time," Annals of Operations Research, Springer, vol. 261(1), pages 45-77, February.
- Daniel Russo, 2020. "Simple Bayesian Algorithms for Best-Arm Identification," Operations Research, INFORMS, vol. 68(6), pages 1625-1647, November.
- Jing Xie & Peter I. Frazier & Stephen E. Chick, 2016. "Bayesian Optimization via Simulation with Pairwise Sampling and Correlated Prior Beliefs," Operations Research, INFORMS, vol. 64(2), pages 542-559, April.
- Annie Liang & Xiaosheng Mu & Vasilis Syrgkanis, 2021. "Dynamically Aggregating Diverse Information," Working Papers 2021-43, Princeton University. Economics Department..
- Haihui Shen & L. Jeff Hong & Xiaowei Zhang, 2021. "Ranking and Selection with Covariates for Personalized Decision Making," INFORMS Journal on Computing, INFORMS, vol. 33(4), pages 1500-1519, October.
- Elea McDonnell Feit & Ron Berman, 2019. "Test & Roll: Profit-Maximizing A/B Tests," Marketing Science, INFORMS, vol. 38(6), pages 1038-1058, November.
- Stephen E. Chick & Noah Gans & Özge Yapar, 2022. "Bayesian Sequential Learning for Clinical Trials of Multiple Correlated Medical Interventions," Management Science, INFORMS, vol. 68(7), pages 4919-4938, July.
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Keywords
simulation; statistical analysis; probability; diffusion; decision analysis; dynamic programming; Bayesian;All these keywords.
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