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Information Acquisition Driven by Reinforcement in Non-Deterministic Environments

Author

Listed:
  • Bynagari, Naresh Babu

    (Director of Sales, Career Soft Solutions Inc, 145 Talmadge rd Edison NJ 08817, Middlesex, USA)

  • Amin, Ruhul

    (Senior Data Entry Control Operator (IT), ED-Maintenance Office, Bangladesh Bank (Head Office), Dhaka, BANGLADESH)

Abstract

What is the fastest way for an agent living in a non-deterministic Markov environment (NME) to learn about its statistical properties? The answer is to create "optimal" experiment sequences by carrying out action sequences that maximize expected knowledge gain. This idea is implemented by integrating information theory and reinforcement learning techniques. Experiments demonstrate that the resulting reinforcement-driven information acquisition (RDIA) method is substantially faster than standard random exploration for exploring particular NMEs. The investigation was studied apart from exploitation, and we evaluated the performance of different reinforcement-driven information acquisition variations to traditional random exploration.

Suggested Citation

  • Bynagari, Naresh Babu & Amin, Ruhul, 2019. "Information Acquisition Driven by Reinforcement in Non-Deterministic Environments," American Journal of Trade and Policy, Asian Business Consortium, vol. 6(3), pages 107-112.
    • Handle: RePEc:ris:ajotap:0050
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    More about this item

    Keywords

    Non-deterministic Markov environment (NME); Reinforcement driven information acquisition (RDIA); Modeling agent-environment interaction; Q-learning;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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