My set theory knowledge is limited and I wanted to inquire some help regarding this equation:
$$ (\widehat{a_1},\cdots,\widehat{a_N})=\underset{(a_1,\cdots,a_N)\in\{-1,1\}^N}{\operatorname{argmin}}\sum_{i=1}^{N}(\alpha_i+a_i\beta_i) $$
From my understanding, the equation will provide the argument that will output the minimum possible value of the function. So, does this equation work through all of $a$'s (i.e., from $\widehat{a_1}$ to $\widehat{a_N}$) and provide $N$ different number of answers?
However, my main equation is, how do you interpret the set with $\{-1,1\}^N$? Is this saying that $a_1$ to $a_N$ can only take a value of $\{-1,1\}^N$? I read in different sources that this is a power set and I wanted to know if this is correct:
$\{-1,1\}^N = \{\{\},\{-1\},\{1\},\{-1,1\}\}$
Thank you.
$\{-1,1\}^N$ is not a power set; it is the set of all $n$-tuples from $\{-1,1\}$. E.g., for $N=2$, $\{-1,1\}^2 = \{(-1,-1), (-1,1), (1,-1), (1,1)\}$. So this is just saying that $a_1, \dots, a_N$ are each either $-1$ or $1$.
The power set of a set $S$ is sometimes written as $2^S$, which is where you might have gotten confused.
(And, incidentally, you are correct about what the power set of $\{-1,1\}$ would be.)