Bouhlel, Imen; Chessa, Michela; Festre, Agnes Monique Marie; Guerci, Eric (Journal article; Tidsskriftartikkel; Peer reviewed, 2022-09-13)
When to stop exploring is crucial in contexts where learning to manage time and uncertainty is critical for carrying out successful initiatives (e.g., innovation, personnel recruitment, vaccine discovery). We investigate analytically and experimentally the exploration-exploitation trade-offs in such contexts. A “two-way” sequential search task is proposed, where the classical exploration-exploitation ...