Computer Science
8 years ago

New study reveals optimal decision-making strategy for maximizing rewards!

International Transactions in Operational Research
On the General Utility of Discounted Markov Decision Processes
Yoshinobu Kadota, Masami Kurano, Masami Yasuda

Paper Summary

The article discusses how to calculate the expected rewards from decision-making processes using a method called Discounted Markov Decision Processes. It explores how to make optimal decisions when considering the value of rewards over time. The researchers also look at a model that combines decision-making processes with the concept of optimal stopping, called a stopped Markov decision.

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