Expected opportunity loss is the expected value of the regret for each decision.

Name: Expected opportunity loss is the expected value of the regret for each decision.
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Expected opportunity loss is the expected value of the difference between the potential payoff of the best decision and the actual payoff of the chosen decision, weighted by the probability of the outcomes. It represents the regret of choosing a certain decision over the best one.

Expected Opportunity Loss Is the Expected Value of the Regret