The World Needs more Bandits
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Transcript of The World Needs more Bandits
![Page 1: The World Needs more Bandits](https://reader036.fdocuments.in/reader036/viewer/2022070316/5556d1ddd8b42ad94d8b54ce/html5/thumbnails/1.jpg)
More Bandits@lukasvermeer
The World Needs
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we are all in the business of running experiments
we run experiments, because we need to know that what we do is
good for our business
our most important KPI is how many successful experiments we run
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Multi-Armed Banditsgetting the most out of your experiments
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A/B Test (Epsilon First)the gold standard for (business) experiments
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Exploration/Exploitationexperiments cost money
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Regretminimizing the cost of your experiments
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Greedy Banditcontrolled exploration
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Thompson Banditexploit as much as you dare
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Contextual Banditsfar beyond basic bandit experiments
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Start Nowmaximize experimentation – minimize costs
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we are all in the business of running experiments
we run experiments, because we need to know that what we do is
good for our business
our most important KPI is how many successful experiments we do
![Page 12: The World Needs more Bandits](https://reader036.fdocuments.in/reader036/viewer/2022070316/5556d1ddd8b42ad94d8b54ce/html5/thumbnails/12.jpg)
More Bandits@lukasvermeer
The World Needs