The World Needs more Bandits
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Transcript of The World Needs more Bandits
More Bandits@lukasvermeer
The World Needs
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
Multi-Armed Banditsgetting the most out of your experiments
A/B Test (Epsilon First)the gold standard for (business) experiments
Exploration/Exploitationexperiments cost money
Regretminimizing the cost of your experiments
Greedy Banditcontrolled exploration
Thompson Banditexploit as much as you dare
Contextual Banditsfar beyond basic bandit experiments
Start Nowmaximize experimentation – minimize costs
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
More Bandits@lukasvermeer
The World Needs