Computational Model Library

Exploration and Exploitation: Persistence with local exploration under varying resource distribution, resource availability over time and cost of relocation (1.0.0)

Organisms, Individuals and Organizations face the dilemma of exploration vs. exploitation
Identifying the optimal trade-off between the two is a challenge
Too much exploration (e.g. gaining new knowledge) can be detrimental to day-to-day survival and too much exploitation (applying existing knowledge) could be detrimental to long term survival esp. if conditions change over time

The purpose of the model is to investigate how the amount of resources acquired (wealth/success) is related to persistence with the strategy of local exploration under different resource distributions, availability of resources over time and cost of relocation

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Associated Publications

Exploration and Exploitation: Persistence with local exploration under varying resource distribution, resource availability over time and cost of relocation 1.0.0

Submitted by Arpan Jani Published Sep 30, 2019 Last modified Sep 30, 2019
agent based modeling and simulation NetLogo

Organisms, Individuals and Organizations face the dilemma of exploration vs. exploitation
Identifying the optimal trade-off between the two is a challenge
Too much exploration (e.g. gaining new knowledge) can be detrimental to day-to-day survival and too much exploitation (applying existing knowledge) could be detrimental to long term survival esp. if conditions change over time

The purpose of the model is to investigate how the amount of resources acquired (wealth/success) is related to persistence with the strategy of local exploration under different resource distributions, availability of resources over time and cost of relocation

Cite this Model

Arpan Jani (2019, September 30). “Exploration and Exploitation: Persistence with local exploration under varying resource distribution, resource availability over time and cost of relocation” (Version 1.0.0). CoMSES Computational Model Library. Retrieved from: https://www.comses.net/codebases/78b5ff6c-80e2-443e-8049-cfabed23813a/releases/1.0.0/

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Contributors
Arpan Jani
DOI
No assigned DOI
Model Version
1.0.0
License
Programming Language
Software Framework
None
Operating System
Publish Date
Monday, September 30, 2019
Last Updated
Monday, September 30, 2019
Downloads 159
Peer Review
Unreviewed
Version Submitter First published Last modified Status
1.0.0 Arpan Jani Mon Sep 30 21:01:48 2019 Mon Sep 30 21:01:48 2019 Published

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