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But it is my job as commander in chief to set the policy parameters.
Ideally, policy parameters are chosen to balance costs and benefits.
"It would be entirely natural that they would want to send a message: 'Don't mess with us.' It would not be outside the policy parameters of Tehran," the official said, according to the Press Association.
The Brexit majority should remind us all that a lot of voters out there feel disenfranchised by the language in which Westminster politics is conducted and the reality-based policy parameters that constrain it.
Many fiscal policy parameters are now indexed to consumer price inflation, based on the assumption that they should remain in a fairly fixed ratio to consumer prices.
You would not find so many policy parameters that can be constantly tuned to influence the trajectory of economic growth in advanced economies," she wrote.
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Indexing can play a role in political debates, as the parties that believe that a policy parameter is too low might want it indexed to wages rather than consumer prices in order that it increase more over time (for the same reason, they might want it indexed to the average wage rather than the median wage, because average wages have tended to increase more than median wages have).
The self-refinement process consists of searching for new solutions in the policy parameter space, associate a reward to each trial, and then sample from the exploration space by a weighted combination of the most successful trials obtained so far.
In particular, if the agent acts deterministically and greedily (i.e. it treats the estimate π ̂ as if it were the true policy parameter) then it is overfitting the experience and introducing a bias; likewise, an agent that follows a stochastic policy introduces variance and will not produce the highest possible reward compared to the case when the optimal policy is known.
With the joint probability P ζ ∼ N μ ~, Σ ~ in Eq. (5), the conditional probability P ζ O | ζ I ∗ can then be computed to obtain a subsequent policy (see Eq. (3)), by stochastic sampling from the retrieved Gaussian distribution in the policy parameter space.
The policy parameter changes noted above are readily seen in the figure: the PIT's basic rate reduction in 2008 (red series), the 2011 addition to the NICs rates (red series), and the 2011 enhancement of the value of the PT (green series).
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