Volatility promotes exploration and stochasticity suppresses it in Gaussian state-space bandits, shown by extending Gittins indices and deriving the CAUSE exploration bonus via control-as-inference.
Restless bandits: Activity allocation in a changing world.Journal of applied probability, 25(A):287–298
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Not all uncertainty is alike: volatility, stochasticity, and exploration
Volatility promotes exploration and stochasticity suppresses it in Gaussian state-space bandits, shown by extending Gittins indices and deriving the CAUSE exploration bonus via control-as-inference.