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Jacqueline Woolley, Chair The University of Texas at Austin, SEA 4.212, Austin, TX 78712 • (512) 475-7596

Exploration and exploitation in choice

Fri, April 18, 2014 • 12:00 PM - 1:00 PM • SEA Library, 4.244

Cognitive Science Area Meeting

Speaker:  Art Markman, Department of Psychology, UT Austin

Most decisions are made in contexts in which the decision maker has prior knowledge about the options.  In these situations, decisions involve a tradeoff betweenexploring the set of options and exploiting the options that previous experience suggests are best.  This talk examines research on motivational, trait, and environmental factors that influence the way this tradeoff is resolved.

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