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Peter_Hurford comments on EA should invest more in exploration - Effective Altruism Forum

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Comment author: Peter_Hurford  (EA Profile) 19 April 2017 08:37:54PM 0 points [-]

It might be interesting for someone to think more about multi-arm bandit problems, since it seems like it could be a good analogy for cause selection. An approximate solution is to exploit your best opportunity 90% of the time, then randomly select another opportunity to explore 10% of the time. https://en.wikipedia.org/wiki/Multi-armed_bandit

I'm doing some research along these lines with Bayesian Bandits.