Use minimizing maximal possible regret as an objective

Reference no: EM131319051

The preceding exercise (parts b and c) involved a utility function based on regret. If one married the tenth most desirable candidate, the utility function asserts that one would feel regret for having not chosen the most desirable.
Many people working in learning theory and decision theory use ‘minimizing the maximal possible regret' as an objective function, but does this make sense?

Reference no: EM131319051

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