math-lab

decisions

Explore vs exploit

Keep the restaurant you like, or try the new one.

One option has a known reward. The others are unknown. Do you take the known reward, or try something new?

Known1 coin
Unknown?
Unknown?

Average — · Coins 0

Taking the known option is safe.

Trying a new one gives information that may help later.

The best choice depends on how many tries you have left.