Project - Exploration and exploitation in dynamic worlds: behavioral and physiological evidence
In uncertain environments, a decision maker is faced with an exploration-exploitation dilemma, in which she must trade-off the opposing demands of exploration of different options and exploitation of known rewards. Selecting new options provide learning at the risk of lower outcomes and the opportunity for greater rewards (exploration), whereas choosing options previously experienced is likely to yield known outcomes at the risk of lacking adaptation.
In particular, I invited the exploration–exploitation paradigm to control dynamic decision making tasks to examine how learning patterns, trade-off and obtained outcomes hinge on environmental factors like instability and structure of rewards (gains and losses), emotional and social factors. Our understanding of the processes involved is crucial for adaptive behavior of people, animals, organisms and agents.
- Supervisor: Dr Magda Osman