Risk-sensitive actor-critic with static spectral risk measures for online and offline reinforcement learning

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Authors: Mehrdad Moghimi, Hyejin Ku
Cited by: 2
References: 20

Abstract

• Propose a novel actor-critic framework for static spectral risk measure optimization • Support both online and offline RL with stochastic and deterministic policies • Prove convergence in finite MDPs for the proposed risk-sensitive algorithms • Demonstrate superior performance over baselines in finance, healthcare and robotics • Enable flexible policy tailoring for varying levels of risk aversion The development of Distributional Reinforcement Learning (DRL) has introduced a natural way to incorporate risk sensitivity into value-based and actor-critic methods by employing risk measures other than expectation in the value function. While this approach is widely adopted in many online and offline RL algorithms due to its simplicity, the naive integration of risk measures often results in suboptimal policies. This limitation can be particularly harmful in scenarios where the need for effective risk-sensitive policies is critical and worst-case outcomes carry severe consequences. To address this challenge, we propose a novel framework for optimizing static Spectral Risk Measures (SRM), a flexible family of risk measures that generalizes objectives such as CVaR and Mean-CVaR, and enables the tailoring of risk preferences. Our method is applicable to both online and offline RL algorithms. We establish theoretical guarantees by proving convergence in the finite state-action setting. Moreover, through extensive empirical evaluations, we demonstrate that our algorithms consistently outperform existing risk-sensitive methods in both online and offline environments across diverse domains.

Fields of Study & Subjects

Reinforcement Learning in Robotics Adversarial Robustness in Machine Learning Stochastic Gradient Optimization Techniques

Publication details

Journal / source
Expert Systems with Applications
Volume
317
Pages
131838–131838
Publication date
3 March 2026
Language
EN