Exploration vs. Exploitation
I first heard the concept of Exploration vs. Exploitation in the 2016 book by Brian Christian and Tom Griffiths called Algorithms to Live By: The Computer Science of Human Decisions.
Briefly, exploration involves the discovery of something new.
Exploitation involves mining a previously discovered pleasure to extract more pleasure.
Both have their uses. Both are valuable to a life well-lived. A good life consists in large part in the enjoyment of good experiences. Those experiences must first be discovered. Once found, a…