RL Bite: Exploitation vs Exploration

Explore vs Exploit Link to heading In reinforcement learning, we have an agent that has to take actions, for which it receives a reward. Here we have a dilemma: do we choose an action that gives the biggest reward or do we explore new actions that may lead to regions with even higher payouts? Greedy Policy Link to heading This is a simple one, we always take the option that gives us the highest…