The Explore/Exploit Dynamic (or Tradeoff) - Deepstash

The Explore/Exploit Dynamic (or Tradeoff)

This is similar to the explore/exploit dynamic, an idea from computer science, which says that to make the best decisions we should find the correct balance between gathering information (exploring our options) and making the most of what we know (exploiting that information). To make the best decisions, we need to balance exploration and exploitation.

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xarikleia

“An idea is something that won’t work unless you do.” - Thomas A. Edison

Excerpted from “Second Act: What Late Bloomers Can Tell You About Success And Reinventing Your Life”, by Henry Oliver.

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