Time plays a crucial role in the explore/exploit trade-off. The 37% rule suggests that one should allocate 37% of their time to exploring different options. After this period, they should exploit the best option they find. The effectiveness of this strategy depends on the amount of time one has to make decisions. If the time is limited, people tend to stick to familiar options rather than exploring new ones.
Can computer science teach us the secrets of life? Perhaps not, but they can shed light on how certa...
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