Neural Index Policies for Restless Multi-Action Bandits with Heterogeneous Budgets

arXiv — stat.MLTuesday, October 28, 2025 at 4:00:00 AM
A new study introduces a Neural Index Policy (NIP) designed for restless multi-armed bandits, addressing the limitations of traditional models that assume binary actions and a single budget. This advancement is particularly significant for real-world applications like healthcare, where multiple interventions come with varying costs and constraints. By accommodating these complexities, the NIP enhances decision-making processes under uncertainty, potentially leading to more effective resource allocation in critical sectors.
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