Markdown Detailed Summary
Markov Decision Processes (MDPs) are essential in modeling real-world decision-making situations where uncertainty prevails. An MDP consists of four primary components:
1. S (Set of States) - All possible states that an agent can be in.
2. A (Set of Actions) - All actions an agent can take.
3. T(s, a, s′) (Transition Function) - This function defines the probability of moving from one state to another given an action, effectively modeling the dynamics of the environment.
4. R(s, a, s′) (Reward Function) - This represents the immediate reward received after performing an action in a state.
5. γ (Gamma, Discount Factor) - This factor determines the agent's preference for immediate rewards over future rewards, influencing the values assigned to different states.
By strategically choosing actions, agents aim to develop a policy π(s), a mapping from states to actions that maximizes long-term expected utility or reward. The complexity of MDPs lies in the need to balance exploration of uncertain outcomes against exploitation of known rewards, making MDPs a vital concept in AI planning and decision-making.