(I’m only addressing a small part of your question, not the main question)
When we are looking at the potential branches in the future, should you make the choice that will lead you to the cluster of outcomes with the highest average utility or to the cluster with the highest possible utility?
I’d say the one with the highest average utility if they are all equally likely. Basically, go with the one with the highest expected value.
(I’m only addressing a small part of your question, not the main question)
I’d say the one with the highest average utility if they are all equally likely. Basically, go with the one with the highest expected value.