insideHPC

Reinforcement Learning: Balancing Exploration and Exploitation

For those unfamiliar, Reinforcement Learning (RL) is the science of decision making, specifically referring to how certain behaviors are encouraged, and others discouraged. It is one of three ...
Business Insider

A $1.8 billion startup has its workers spend 10% of their time on 'exploration.' Here's why its CEO says it's a necessity.

A recent paper found that "hot streaks" happen when there's exploration followed by exploitation. Lightricks, the company behind photo-editing app FaceTune, takes this seriously to help it innovate.
Nature

Dopamine, Locus of Control, and the Exploration-Exploitation Tradeoff

Whether to continue to exploit a source of reward, or to search for a new one of potentially greater value, is a fundamental and underconstrained decision. Recent computational studies of this ...
Harvard Business School

The Evolutionary Nature of Breakthrough Innovation: Re-Evaluating the Exploration vs. Exploitation Dichotomy

Sarnecka, Dominika K., and Gary P. Pisano. "The Evolutionary Nature of Breakthrough Innovation: Re-Evaluating the Exploration vs. Exploitation Dichotomy." Harvard Business School Working Paper, No. 21 ...
Science Daily

Creative exploration followed by exploitation can lead to a career’s greatest hits

Before developing his famed "drip technique," abstract artist Jackson Pollock dabbled in drawing, print making and surrealist paintings of humans, animals and nature. According to a new study from ...
UPI

Data show formula for artistic success: Creative exploration followed by exploitation

Sept. 13 (UPI) --The careers and legacies of successful artists are often defined by relatively short periods of intense productivity and popularity. Now, new research -- published Monday in the ...