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Value of Simulation Environments and Offline Evaluations
The use of simulation environments such as Reko Jim, despite not having access to real-world data, can be valuable for benchmarking algorithms. While simulators are not perfect and may not fully reflect real user behavior, they can still offer useful insights and contribute to refining online applications. Similarly, offline evaluations, though not perfect, have shown significant progress over the years, indicating their value in improving algorithm performance despite the lack of a clear alignment with online evaluation results.