International Journal of Game Theory 42 (3):695-723 (2013)

David Danks
Carnegie Mellon University
Kevin Zollman
Carnegie Mellon University
Conor Mayo-Wilson
University of Washington
We evaluate the asymptotic performance of boundedly-rational strategies in multi-armed bandit problems, where performance is measured in terms of the tendency (in the limit) to play optimal actions in either (i) isolation or (ii) networks of other learners. We show that, for many strategies commonly employed in economics, psychology, and machine learning, performance in isolation and performance in networks are essentially unrelated. Our results suggest that the appropriateness of various, common boundedly-rational strategies depends crucially upon the social context (if any) in which such strategies are to be employed.
Keywords Social Epistemology  Networks  Bayesian Learning  Game Theory
Categories (categorize this paper)
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy

 PhilArchive page | Other versions
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

Individual Differences in Rational Thought.Keith E. Stanovich & Richard F. West - 1998 - Journal of Experimental Psychology: General 127 (2):161-188.

Add more references

Citations of this work BETA

Discrimination and Collaboration in Science.Hannah Rubin & Cailin O’Connor - 2018 - Philosophy of Science 85 (3):380-402.

View all 7 citations / Add more citations

Similar books and articles

What has Collective Wisdom to Do with Wisdom?Daniel Andler - forthcoming - In J. Elster & H. Landemore (eds.), Collective Wisdom. Cambridge Universuty Press.
Groupthink Versus The Wisdom of Crowds.Miriam Solomon - 2006 - Southern Journal of Philosophy 44 (S1):28-42.
Linking Groupthink to Unethical Behavior in Organizations.Ronald R. Sims - 1992 - Journal of Business Ethics 11 (9):651 - 662.
Two Great Problems of Learning.Nicholas Maxwell - 2003 - Teaching in Higher Education, 8 (January):129-134.
Commanding and Controlling Protest Crowds.Kylie Bourne - 2011 - Critical Horizons 12 (2):189-210.
Saint Thomas and Life of Learning.John Francis McCormick - 1937 - Milwaukee, Marquette University Press.


Added to PP index

Total views
451 ( #14,854 of 2,401,778 )

Recent downloads (6 months)
90 ( #7,072 of 2,401,778 )

How can I increase my downloads?


My notes