Multi-Armed Bandits with Censored Consumption of Resources Bengs, Viktor Hüllermeier, Eyke We consider a resource-aware variant of the classical multi-armed bandit problem: In each round, the learner selects an arm and determines a resource limit. It then observes a corresponding (random) reward, provided the (random) amount of consumed resources remains below the limit. Otherwise, the observation is censored, i.e., no reward is obtained. For this problem setting, we introduce a measure of regret, which incorporates the actual amount of allocated resources of each learning round as well as the optimality of realizable rewards. Thus, to minimize regret, the learner needs to set a resource limit and choose an arm in such a way that the chance to realize a high reward within the predefined resource limit is high, while the resource limit itself should be kept as low as possible. We derive the theoretical lower bound on the cumulative regret and propose a learning algorithm having a regret upper bound that matches the lower bound. In a simulation study, we show that our learning algorithm outperforms straightforward extensions of standard multi-armed bandit algorithms. 2020 info:eu-repo/semantics/preprint doc-type:preprint text http://purl.org/coar/resource_type/c_816b https://ris.uni-paderborn.de/record/21536 Bengs V, Hüllermeier E. Multi-Armed Bandits with Censored Consumption of Resources. <i>arXiv:201100813</i>. 2020. eng info:eu-repo/semantics/closedAccess