新闻 · arXiv cs.AI

Price of Fairness in Bandits: A Tight Minimax Characterization

In bandit problems, standard regret-minimizing algorithms treat exploration as an amortized cost, which can expose early participants to unfair ex-ante losses in settings such as clinical trials. Recent work addresses this by evaluating the sequence of per-round expected rewards through the generalized $p$-mean, interpolating between utilitarian welfare ($p=1$), Nash welfare ($p\to0$), and Rawlsian fairness ($p\to-\infty$). Although tight guarantees are known for $p\ge0$, the strictly fair…