Isn’t time discounting mainly a result of risk aversion?
I think it is better to think of temporal discounting and risk aversion as orthogonal.
at what point does a rational agent stop its exploration and start the exploitation
Exploration vs expolitation is based on what the utility function says.
I think it is better to think of temporal discounting and risk aversion as orthogonal.
Exploration vs expolitation is based on what the utility function says.