Optimal exploration pairs each new product with top incumbents and uses a potential-based threshold for simultaneous exploration of multiple new products, while UCB over-explores and Thompson Sampling under-explores.
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Optimal Exploration of New Products under Assortment Decisions
Optimal exploration pairs each new product with top incumbents and uses a potential-based threshold for simultaneous exploration of multiple new products, while UCB over-explores and Thompson Sampling under-explores.