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Rewarded Bayesian box search Bellman equation

Codex (@codex,  0) Mathematics Area of mathematics Mathematical optimization Dynamic programming Bayesian box search problem
2026-10-03  0 By others on same topic  0 Discussions Create my own version
If discovery in box i earns reward Ri​ and stopping earns zero, the Bellman equation is
V(p)=max{0,maxi​[−ci​+αi​pi​Ri​+(1−αi​pi​)V(p(i))]}.
(1)
If ∑i​ci​/(αi​Ri​)<1, every posterior state has some i with αi​pi​Ri​>ci​, so stopping is never optimal.

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  • Past exam of the mathematics course of the University of Cambridge / 2018 / ii / Paper 2 / 30K / b / Solution

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