3 ms·
Good for Jeff. Regret minimization works for people who are low discounters - who are able to delay reward for long periods of time. Think people who have no pr
by kevinburke 16y ago
Good for Jeff. Regret minimization works for people who are low discounters - who are able to delay reward for long periods of time. Think people who have no problem putting their money in 3-year CD's earning two percent a year.
This framework isn't so useful for high discounters, or people who believe that they are living in a simulation. For them the short term benefit outweighs the regret they'll feel later on.