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Practical Contextual Bandits with Feedback GraphsMengxiao Zhang University of Southern California mengxiao.zhang@usc.eduYuheng Zhang University of Illinois UrbanaChampaign yuhengz2@illinois.eduOlga
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Practical contextual bandits refer to a framework in machine learning and recommendation systems where decisions are made based on the context available and past interactions, optimizing for the best outcome in a sequential decision-making process.
Typically, entities involved in research, machine learning, or applications utilizing contextual bandits may document their methods, but there is no formal requirement to 'file' as it is not a regulatory framework.
To implement practical contextual bandits, one would define the context, actions available, reward structure, and use algorithms to optimize decision-making based on user interactions and feedback.
The purpose is to maximize the reward by dynamically selecting actions based on user context and learning from outcomes, improving future decision-making in scenarios like online marketing and personalized content delivery.
Key information includes the context features used, action choices, observed rewards, algorithm performance metrics, and insights on user behavior to inform improvements in the system's effectiveness.
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