Exploitation and Exploration
From CasGroup
| Line 1: | Line 1: | ||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
John Holland's principle of balancing '''exploitation and exploration''' (Holland, 1992): | John Holland's principle of balancing '''exploitation and exploration''' (Holland, 1992): | ||
the right balance between exploitation and exploration allows | the right balance between exploitation and exploration allows | ||
| Line 23: | Line 15: | ||
in changing environments. It is also important in many other fields, for | in changing environments. It is also important in many other fields, for | ||
example in reinforcement learning and economics: should companies invest | example in reinforcement learning and economics: should companies invest | ||
| - | in research & | + | in research & development and fund innovative ideas or should they try to |
use their available resources and techniques more efficiently ? | use their available resources and techniques more efficiently ? | ||
The principle of balancing exploitation and exploration is based | The principle of balancing exploitation and exploration is based | ||
