I wouldn’t quite say that. In any sort of multi-period optimization you must model the consequences of actions and are (at least implicitly) predicting something about the future.
Regardless I was mostly gesturing at the intuition, I agree this doesn’t solve the problem.
I wouldn’t quite say that. In any sort of multi-period optimization you must model the consequences of actions and are (at least implicitly) predicting something about the future.
Regardless I was mostly gesturing at the intuition, I agree this doesn’t solve the problem.