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Direct linkWalker, Adrian R.; Navarro, Danielle J.; Newell, Ben R.; Beesley, Tom – Journal of Experimental Psychology: Learning, Memory, and Cognition, 2022
The exploration/exploitation trade-off (EE trade-off) describes how, when faced with several competing alternatives, decision-makers must often choose between a known good alternative (exploitation) and one or more unknown but potentially more rewarding alternatives (exploration). Prevailing theory on how humans perform the EE trade-off states…
Descriptors: Decision Making, Inquiry, Ambiguity (Context), Reinforcement
