Exploitation as Theft vs. Exploitation as Underpayment

Parasitic exploitation as an engine of diversity.

Parasitic exploitation occurs within and between a wide variety of taxa in a plethora of diverse contexts. Theoretical and empirical analyses indicate that parasitic exploitation can generate substantial genetic and phenotypic polymorphism within species. Under some circumstances, parasitic exploitation may also be an important factor causing reproductive isolation and promoting speciation. Her...

Exploration vs Exploitation in Bayesian Optimization

The problem of optimizing unknown costly-to-evaluate functions has been studied for a long time in the context of Bayesian Optimization. Leveraging the Lipschitz property of the unknown function, we propose an algorithm with a distinct exploration phase followed by an exploitation phase. The exploration phase aims to select samples that shrink the search space as much as possible. The exploitat...

Exploration vs Exploitation vs Safety: Risk-Aware Multi-Armed Bandits

Motivated by applications in energy management, this paper presents the Multi-Armed Risk-Aware Bandit (MaRaB) algorithm. With the goal of limiting the exploration of risky arms, MaRaB takes as arm quality its conditional value at risk. When the usersupplied risk level goes to 0, the arm quality tends toward the essential infimum of the arm distribution density, and MaRaB tends toward the MIN mu...

Exploration vs Exploitation vs Safety: Risk-averse Multi-Armed Bandits

Motivated by applications in energy management, this paper presents the Multi-Armed Risk-Aware Bandit (MaRaB) algorithm. With the goal of limiting the exploration of risky arms, MaRaB takes as arm quality its conditional value at risk. When the usersupplied risk level goes to 0, the arm quality tends toward the essential infimum of the arm distribution density, and MaRaB tends toward the MIN mu...

Entrepreneurial Creativity as Discovery and Exploitation of Business Opportunities