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It's worth considering the differences between Bezos' notion of regret minimization and the mathematical techniques of the same name. First, Bezos' is about a
by FooBarBizBazz 5y ago
It's worth considering the differences between Bezos' notion of regret minimization and the mathematical techniques of the same name.
First, Bezos' is about a once-in-a-lifetime chance, whereas the mathematical version is more about choices you repeat over and over.
Another difference, relating to the author's point
> Regret is conditioned on what happens
is that, in the mathematical version, while you do update your regret tables on the basis of what eventually happens, you make your decisions now on the basis only of what you know so far. Depending how you look at it, you might be satisfied -- "no regrets" -- so long as you perform this procedure properly, i.e., you can forgive your past self for ignorance. In this way you are attached not to the actual outcome but to your correct choice and execution. This creates a kind of "equanimity". The idea may be very vaguely Jain/Buddhist.