Navigating the Updatelessness Dilemma

The chapter explores the intricate balance between updating information and maintaining strategic flexibility in decision-making, diving into scenarios like counterfactual mugging and the game of chicken. It delves into the challenges of committing to a strategy without being exploited, highlighting the complexities of decision-making in strategic interactions. Different perspectives on updateless decision theory and the trade-off between learning and strategic planning are discussed, emphasizing the uncertainties and risks involved in choosing when and what to update on.