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80,000 Hours Podcast cover image

#48 - Brian Christian on better living through the wisdom of computer science

80,000 Hours Podcast

NOTE

Exploration vs Exploitation in Finite Horizon Cases

In the context of a finite horizon case, the optimal strategy is to prioritize exploration at the beginning and exploitation towards the end. This approach is rational for three main reasons: First, the probability of a new option being better than the current best decreases with more information. Second, the value of making a discovery diminishes over time. Third, the value of sticking with the best option increases over time. Therefore, transitioning from exploration to exploitation aligns with the progression of experience within the finite horizon, providing insights applicable to the human lifespan.

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