One of the more advanced manifestations of “intelligence” is the ability to voluntarily take decisions that knowingly accept losses in the short-term with a view to gaining a desired outcome in the longer run. The “desired outcome” can take various forms – maximizing profits/rewards (e.g., in an investment strategy), maximizing the chances to realize a targeted goal (e.g., winning in a competition such as chess), or saving patients with life-threatening diseases. ...
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V. Raina, S. KrishnamurthyBuilding an Effective Data Science Practicehttps://doi.org/10.1007/978-1-4842-7419-4_1111. Sequential Decision-Making
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