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

MulC-­‐Armed
Bandits
geFng
the
most
out
of
your
experiments

A/B
Test
(Epsilon
First)
the
gold
standard
for
(business)
experiments

ExploraCon/ExploitaCon
experiments
cost
money

Regret
minimizing
the
cost
of
your
experiments

Greedy
Bandit
controlled
exploraCon

Thompson
Bandit
exploit
as
much
as
you
dare

Contextual
Bandits
far
beyond
basic
bandit
experiments

Start
Now
maximize
experimentaCon
–
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