The explore/exploit dilemma teaches us when to try something new and when to stick with what works from "summary" of Algorithms to Live By by Brian Christian,Tom Griffiths
The explore/exploit dilemma is a fundamental concept that can guide our decision-making in various aspects of life. It forces us to consider the trade-off between trying something new (exploration) and sticking with what we know works (exploitation). The dilemma is particularly relevant in situations where we have limited time or resources. Should we try out a new restaurant or stick with our favorite spot? Should we continue to search for a better parking spot or settle for the one we've found? These decisions require us to strike a balance between exploring new possibilities and exploiting what we already know to be...
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