Question: An epsilon - greedy strategy for the stochastic multi - armed bandits set up exploits the current best arm with probability ( 1 ) and
An epsilongreedy strategy for the stochastic multiarmed bandits set up exploits the current best arm with probability and explores with a small probability Consider a problem instance with arms where the reward for the ith i arm is Beta distributed with parameters alpha i beta i i Implement the epsilongreedy algorithm and compare it with the performance of the UCB and the EXP algorithm. Plot the regret bounds and comment on your observations. Bonus: Can you formally show a regret
guarantee for the epsilongreedy algorithm?
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