Risk aversion and adaptive management: Insights from a multi-armed bandit model of invasive species risk
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- Springborn, Michael R. & Lindsay, Amanda R. & Epanchin-Niell, Rebecca S., 2016. "Harnessing enforcement leverage at the border to minimize biological risk from international live species trade," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PB), pages 98-112.
More about this item
KeywordsAdaptive management; Approximate dynamic programming; Multi-armed bandit; Decision-making under uncertainty; Bayesian learning; Invasive species; Risk aversion;
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