Recently Fox has suggested and evaluated several non-Bayesian rules for the problem of the two-armed bandit. In this paper several Bayesian rules for this problem are compared with the best of Fox's ...

The Bayes sequential design is obtained for an optimization problem involving the choice of experiments. Given are experiments A, B, densities p1, p2, a positive integer N and a number ξ ε [ 0, 1]. A ...