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In economics a trade-off is expressed in terms of the opportunity cost of a particular choice, which is the loss of the most preferred alternative given up. [2] A tradeoff, then, involves a sacrifice that must be made to obtain a certain product, service, or experience, rather than others that could be made or obtained using the same required resources.
Even though the bias–variance decomposition does not directly apply in reinforcement learning, a similar tradeoff can also characterize generalization. When an agent has limited information on its environment, the suboptimality of an RL algorithm can be decomposed into the sum of two terms: a term related to an asymptotic bias and a term due ...
In evolutionary biology, an evolutionary tradeoff is a situation in which evolution cannot advance one part of a biological system without distressing another part of it. In this context, tradeoffs refer to the process through which a trait increases in fitness at the expense of decreased fitness in another trait.
The term, Tradespace, is a combination of the words "trade-off" and "playspace", where "trade-off" indicates the method of traversing the Tradespace in search of the optimal boundary space (e.g., trading off a cost in one cost center (variant A) for a cost in another cost center (variant B)).
Timken, global manufacturer of bearings and steel, is in the process of a dramatic shareholder vote over whether to spin off the company's steel business.In this video, Motley Fool industrials ...
A trade deficit occurs when a country imports more than it exports -- and that's a good thing for a national economy. Or a terrible thing. Or it might not matter one way or the other. Trade ...
Points such as B, C, and D illustrate the trade-off between guns and butter: at these levels of production, producing more of one requires producing less of the other. Points located along the PPF curve represent sustainable combinations of each type of production in a world where scarcity is a binding constrain.
If the United States shuts its doors to the best manufacturers of, say, electric cars, that may save some jobs in the short term, but it will turn the U.S. into a fenced-off auto show for more ...