a predictor comes up with a prediction as to what X_t+1 will be
This “t+1” might be “t+X”. Results for a large X may be very bad. So as results for “t+1” may be bad. Still he do his best predictions.
whereas a decision maker is concerned with the future
He predicts the best decision, which can be taken.
This “t+1” might be “t+X”. Results for a large X may be very bad. So as results for “t+1” may be bad. Still he do his best predictions.
He predicts the best decision, which can be taken.