Ronald A. Howard
(2 articles)![Minimax Loss](/vocab/_next/image?url=%2Fvocab%2Fimages%2Farticles%2Fsmall%2Fminimax-loss.webp&w=3840&q=75)
1982
Minimax Loss
A strategy used in optimization and decision-making problems to minimize the maximum possible loss.
Generality: 500
![Discount Factor](/vocab/_next/image?url=%2Fvocab%2Fimages%2Farticles%2Fsmall%2Fdiscount-factor.webp&w=3840&q=75)
1989
Discount Factor
Multiplicative factor used to reduce future values or rewards to their present value in decision-making processes, particularly in reinforcement learning.
Generality: 790