How do you model the future?. Stochastic approach: The future can be modeled as a distribution over possible events. Very successful in many contexts. Alternative: Think of the future as an adversary, do well against all possible future outcomes. Toy Example: Ski Optimization.
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• Will I like skiing?
• Will there be snow?
• Will I break my leg?
• Will the government outlaw skiing?
Competitive ratio = 6
Competitive ratio = lots
Competitive ratio = 2