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Chunking and reinforcement learning are not as widely used in business as supervised learning, clustering, or dimensionality reduction, but a simpler type of learning by interacting with the environment is: learning the effects of your actions (and acting accordingly). If the background color of your e-commerce site’s home page is currently blue and you’re wondering whether making it red would increase sales, try it out on a hundred thousand randomly chosen customers and compare the results with those of the regular site. This technique, called A/B testing, was at first used mainly in drug ...more
The Master Algorithm: How the Quest for the Ultimate Learning Machine Will Remake Our World
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