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Slot machine, byname one-armed bandit, known in Great Britain as a fruit machine, gambling device operated by dropping one or more coins or tokens into a slot and pulling a handle or pushing a button to activate one to three or more reels marked into horizontal segments by varying symbols.
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Another formulation of the multi-armed bandit has each arm representing an independent Markov machine. Each time a particular arm is played, the state of that machine advances to a new one, chosen according to the Markov state evolution probabilities. There is a reward depending on the current state of the machine.
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