' The objective in sequential decision making is to find a stopping rule that optimizes the decision in terms of minimizing losses or maximizing gains, including observation costs. The optimal stopping rule is also called optimal strategy and optimal policy.

What is sequence of decision-making?

Weigh the evidence. Choose among the alternatives. Take action. Review your decision.

What is an optimal policy for a sequential decision problem?

Optimal sequential decision making

The main problem is to find a sequence of decision policies that maximize a cumulative reward subject to the uncertain, stochastic system dynamics. At each time, we assign a reward R t ( X t , U t , W t ) R_t(X_t,U_t,W_t) Rt(Xt,Ut,Wt) to the current state-action pair.