Solving Multi-arm Bandits with Python - Analytics Vidhya

On entering casinos, there would be multiple machines that could make us win more money and some machines that can make us bankrupt. How nice would it be if we knew the working of the machines so that we could leverage the maximum benefit out of it? The multi-arm bandit is one such machine from which we can get the maximum benefit. Instead of relying on random chance, we go for a systematic approach by simply pulling random levers. Let's try to understand what it is and the different strategies to solve it.