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More Bandits @lukasvermeer The World Needs
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The World Needs more Bandits

May 16, 2015

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Technology

Arjan Haring

Lukas Vermeer Talk ProjectWaalhalla
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Page 1: The World Needs more Bandits

More Bandits@lukasvermeer

The World Needs

Page 2: The World Needs more Bandits

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

Page 3: The World Needs more Bandits

Multi-Armed Banditsgetting the most out of your experiments

Page 4: The World Needs more Bandits

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

Page 5: The World Needs more Bandits

Exploration/Exploitationexperiments cost money

Page 6: The World Needs more Bandits

Regretminimizing the cost of your experiments

Page 7: The World Needs more Bandits

Greedy Banditcontrolled exploration

Page 8: The World Needs more Bandits

Thompson Banditexploit as much as you dare

Page 9: The World Needs more Bandits

Contextual Banditsfar beyond basic bandit experiments

Page 10: The World Needs more Bandits

Start Nowmaximize experimentation – minimize costs

Page 11: The World Needs more Bandits

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

More Bandits@lukasvermeer

The World Needs