Strategies for exploration in the domain of losses

Many decisions in everyday life involve a choice between exploring options that are currently unknown and exploiting options that are already known to be rewarding. Previous work has suggested that humans solve such ``explore-exploit'' dilemmas using a mixture of two strategies: directed e...

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Bibliographic Details
Main Authors: Paul M. Krueger, Robert C. Wilson, Jonathan D. Cohen
Format: Article
Language:English
Published: Cambridge University Press 2017-03-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/14/141223a/jdm141223a.pdf