Exploitation and Exploration
From CasGroup
(New page: John Holland's principle of balancing '''exploitation and exploration''' (Holland, 1992): the right balance between exploitation and exploration allows a [[Complex_Adaptive_System|complex ...) |
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promise, which is continually updated. But at all times exploration | promise, which is continually updated. But at all times exploration | ||
for new possibilities should continue. | for new possibilities should continue. | ||
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| + | The principle is important in many fields, for | ||
| + | example in reinforcement learning and economics: | ||
| + | should companies invest in research & development or | ||
| + | should they try to use their available resources and | ||
| + | techniques more efficiently ? | ||
== Books == | == Books == | ||
* Holland, J. H. 1992. Adaptation in Natural and Artificial Systems. Cambridge, MA: MIT Press. First edition, 1975 | * Holland, J. H. 1992. Adaptation in Natural and Artificial Systems. Cambridge, MA: MIT Press. First edition, 1975 | ||
