Comparing experiments in discounted problems

TL;DR

This paper compares various statistical experiments in discounted decision problems, from simple fixed-state scenarios to complex ones involving controlled information flow and dynamic states.

Contribution

It provides a systematic comparison across a spectrum of discounted problems, highlighting differences in information control and state dynamics.

Findings

Simple fixed-state experiments analyzed

Impact of information control examined

Differences in problem complexity highlighted

Abstract

This paper compares statistical experiments in discounted problems, ranging from the simplest ones where the state is fixed and the flow of information exogenous to more complex ones, where the decision-maker controls the flow of information or the state changes over time.