On the Decision to Explore New Alternatives: The Coexistence of Under- and Over-exploration

Volume: 27, Issue: 2, Pages: 109 - 123
Published: May 31, 2013
Abstract
The decision whether to explore new alternatives or to choose from familiar ones is implicit in many of our daily activities. How is this decision made? When will deviation from optimal exploration be observed? The current paper examines exploration decisions in the context of a multi-alternative “decisions from experience” task. In each trial, participants could choose a familiar option (the status quo) or a new alternative (risky exploration)....
Paper Details
Title
On the Decision to Explore New Alternatives: The Coexistence of Under- and Over-exploration
Published Date
May 31, 2013
Volume
27
Issue
2
Pages
109 - 123
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