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Reinforcement Learning Advanced 2 min read

What is Markov decision process?

A mathematical framework used to model decision-making problems in situations where outcomes are partially random and partially under the control of a decision-maker

Stands for: MDP

A Markov decision process is a way to describe a situation where an agent needs to make decisions to achieve a goal, but the outcome of each decision is not entirely certain. It's like a game where you make moves, but the result of each move is partly based on chance

Imagine you're playing a game of chess, but instead of knowing exactly where your opponent's pieces will move, you only know the probability of where they might move. A Markov decision process is like a mathematical tool that helps you decide which moves to make to win the game, despite the uncertainty

Self-driving cars use Markov decision processes to navigate through traffic and make decisions about when to speed up, slow down, or change lanes. The car's sensors and cameras provide data about the environment, and the MDP algorithm helps the car make decisions based on that data and the probabilities of different outcomes

Markov decision processes are used in many fields, including robotics, economics, and computer science, to model and solve complex decision-making problems. They're particularly useful in situations where there are many possible outcomes and the decision-maker needs to balance competing goals and risks

One common misconception is that Markov decision processes are only used in situations with complete randomness. However, MDPs can also be used in situations where there is some degree of control over the outcome, but still some uncertainty

The concept of Markov decision processes was first developed in the 1950s and 1960s by mathematicians such as Richard Bellman and Ronald Howard. Since then, MDPs have been widely used in many fields and have been extended and modified to handle more complex problems

Markov chain decision theory stochastic control

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