2014 · 94 citations · 29 references
EngineeringMachine LearningRobust Economic ProfitGame TheoryBusiness AnalyticsMarket DesignInformation RetrievalData ScienceOnline ProblemBandit PoliciesCombinatorial OptimizationQuantitative ManagementEnsemble Contextual BanditsOnline AlgorithmPredictive AnalyticsKnowledge DiscoveryComputer ScienceCold-start ProblemMarketingExploration V ExploitationContextual BanditBusinessCollaborative Filtering
The cold-start problem has attracted extensive attention among various online services that provide personalized recommendation. Many online vendors employ contextual bandit strategies to tackle the so-called exploration/exploitation dilemma rooted from the cold-start problem. However, due to high-dimensional user/item features and the underlying characteristics of bandit policies, it is often difficult for service providers to obtain and deploy an appropriate algorithm to achieve acceptable and robust economic profit.
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Pattern Recognition and Machine Learning
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A contextual-bandit approach to personalized news article recommendation
Lihong Li, Wei Chu, John Langford et al. · 2010 · 2.4K citations · Full text