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The balance between Exploration & Exploitation is essential (some thoughts here strategicstructures.com), and it appears at all scales: ants foraging (there is even an agent-based simulation for that), any resource allocation strategy, markets, companies (slow learners, J March) and clear in the Viable System Model (S4, here and now vs S…
The balance between Exploration & Exploitation is essential (some thoughts here https://www.strategicstructures.com/?p=1583), and it appears at all scales: ants foraging (there is even an agent-based simulation for that), any resource allocation strategy, markets, companies (slow learners, J March) and clear in the Viable System Model (S4, here and now vs S4, then-and-there tension); reinforcement learning now used in most LLM, mostly in Claude and DeepSeek) and so on.