ruth@utstat.uucp (Ruth Croxford) (10/26/88)
Topic: Sequential Control with Incomplete Information: A Bayesian Approach
Speaker: Prof. Ernst Presman, C.E.M.I. of Ac. Sci. of USSR, Moscow
Date: Monday, Oct 31, 2:00 p.m.
Place: Ramsey Wright Zoological Labs (St. George and Harbord Streets),
University of Toronto, Room 110
Abstract:
This talk is devoted to a specific problem of the general theory of
sequential control with incomplete information: two (or many) armed bandits
with two (or a finite number of) hypotheses in discrete and continuous time.
We discuss the asymptotic behavior of optimal value of functional. In the
case of two armed bandits with two hypotheses in continuous time we give an
explicit solution of the problem with discounting. We investigate the
difference between this optimal value and the value corresponding to the
application of strategy which is optimal in the problem without discounting.
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Coffee and tea will be served in the Delury Lounge (Sidney Smith Hall, room
6006) at 1:30 p.m.