Temporal discounting correlates with directed exploration but not with random exploration.

ABSTRACT: The explore-exploit dilemma describes the trade off that occurs any time we must choose between exploring unknown options and exploiting options we know well. Implicit in this trade off is how we value future rewards - exploiting is usually better in the short term, but in the longer term the benefits of exploration can be huge. Thus, in theory there should be a tight connection between how much people value future rewards, i.e. how much they discount future rewards relative to immediate rewards, and how likely they are to explore, with less 'temporal discounting' associated with more exploration. By measuring individual differences in temporal discounting and correlating them with explore-exploit behavior, we tested whether this theoretical prediction holds in practice. We used the 27-ite

SUBMITTER: Sadeghiyeh H 

PROVIDER: S-EPMC7055215 | biostudies-literature | 2020 Mar

REPOSITORIES: biostudies-literature