This week, we’re highlighting one of the educational tools created during our 2020 Micro Grants program: “When to Stop Exploring.” Made by Matthew Allcock, this free, 20-minute tool walks you through key concepts for making decisions under uncertain conditions, including the Explore-Exploit Trade-off and the Optimal Stopping Problem.
Try the tool for yourself by clicking here, or read on to learn about what it can teach you.
“When to Stop Exploring” teaches decision-making concepts by using a simple, interactive game; you’ll consider whether to sell a house that you’ve put on the market as soon as you can or hold off in case a higher offer comes along. Many big decisions in our lives are like this. We don’t know what will happen in the future, and we have to weigh up whether to commit to a choice we know or to explore other options, sometimes at a cost.
By taking this tool, you’ll learn the four key rules to keep in mind when making a decision about what to invest your time, attention, or money in. These decision-making skills are really valuable for realizing the outcomes that are best for you, whether you’re deciding what to order tonight for dinner or whether to marry your long-term partner. Click here to learn “When to Stop Exploring” now!
We’ve also released a new podcast episode! Check out Spencer’s conversation on Moral Foundations Theory and constructive dialogue with Caroline Mehl by clicking here. They discuss how to have productive conversations about morality and the common mistakes people make when communicating about sensitive topics.
You might also be interested in this call for submissions for talks, posters, tutorials, symposia, and panel discussions from Life Improvement Science. This new conference aims to bring together researchers and practitioners interested in helping people do good, better themselves, and live meaningful lives.