Explore Or Exploit? How To Choose New Opportunities - Deepstash

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Explore Or Exploit? How To Choose New Opportunities

fs.blog

To explore or to exploit

One challenge in life is knowing when to explore new opportunities, and when to focus harder on existing ones. Do we keep learning new ideas, or do we enjoy what we've come to find and love?

In trying to assess if we should explore further or exploit our curr...

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When we consider seizing a day or seizing a lifetime, it is important to understand the interval over which we plan to enjoy them.

Explore when you have the time to use the resulting knowledge, exploit when you're ready to cas...

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Regret is the result of comparing what we did with what would have been the best.

We can minimize regret, especially in exploration, by trying to learn from others. In new territory, we can best prevent regret with optimism because we'...

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Not all of our explorations will lead to something better or be satisfying, but with enough exploration behind us, many of them will.

Failures provide us with useful information that will enable us to make better explore or exploit decisions.

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