
BONUS – Michael Mauboussin on the Decision Education Podcast
Capital Allocators – Inside the Institutional Investment Industry
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Exploration vs. Exploitation: Lessons from Ants
This chapter examines the balance between exploration and exploitation, using ants as a key example of behavioral strategies influenced by environmental changes. It also draws parallels between ant foraging and human decision-making, highlighting the impact of age on exploratory tendencies and personal experiences.
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