Do you always go to the same café? Or do you try something new?

That’s the exploration vs. exploitation dilemma: Decision under uncertainty.

Multi-armed bandits model exactly that.

And this dilemma shows up everywhere: Recommender systems, A/B tests, online ads, even in human psychology.

Nobel Prize winner Daniel Kahneman called this one of the most fundamental cognitive patterns.

🎰 I explain what it is, why it matters, and how AI systems handle it.

 Full article here: https://towardsdatascience.com/simple-guide-to-multi-armed-bandits-a-key-concept-before-reinforcement-learning/

#ReinforcementLearning #AI #CognitiveScience #Kahneman #Psychology #Behavior #DecisionMaking #Bandits #machinelearning #KI #Datascience #datascientist

Legenda odešla, myšlenky zůstávají...
Prof. Daniel Kahneman, držitel Nobelovy ceny, nás obohatil svými poznatky o tom, že se vždy nerozhodujeme na základě racionálních soudů, ale velkou roli hrají naše iracionální instinkty, myšlenkové zkratky a rozhodovací šum.

✍️ https://www.melvil.cz/tematicke-balicky/#balicek-dankahneman

#Melvil #Kahneman #tipnaknihu

"Zu viel Geld macht krank

Ab einem gewissen #Wohlstand flacht die #Glückskurve ab, haben Studien ergeben. Der Nobelpreisträger Daniel #Kahneman definierte 2010 die Grenze bei einem #Jahreseinkommen von 75.000 Dollar. Einer aktuellen Studie des Ökonomen Mikkel Bennedsen zufolge liegt die Grenze heute bei 200.000 Dollar.

Ab dem Punkt, an dem man gar nicht mehr #arbeiten muss und nur von Zinsen leben kann - circa fünf Millionen Euro Vermögen - sinkt die #Glückskurve seiner Erfahrung nach dann rapide, sagt Jan Gerber."

#leben #glück #lebensglück

https://www.zeit.de/2025/25/therapie-zuerichsee-milliardaere-klinik-psyche-behandlung

Are you aware of which "thinking system" you're using right now? 🧠

Daniel Kahneman identified two: fast, automatic System 1 and slow, deliberate System 2.
This #PsyberSpace episode explores how these systems influence everything from your social media habits to cybersecurity vulnerabilities.

Perfect for psychology enthusiasts and anyone looking to understand their digital behaviors better!

🎧 Listen: https://bit.ly/44GFkVQ

#CognitivePsychology #Kahneman #DigitalWellbeing #SystemThinking

DADYMINDS PODCAST 9: (The Deep Dive Book Talk) On Daniel Kahneman’s ‘Thinking Fast and Slow’

Keywords #Thinking #Fast and #Slow, #Daniel #Kahneman, #cognitive biases, #decision #making, #psychology, #System #One, #System #Two, #heuristics, #behavioural #economics, #moral #judgments Summary This conversation delves into Daniel Kahneman's 'Thinking Fast and Slow', exploring the dual systems of thought, cognitive biases, and their implications for decision-making, public…

https://podcast.dadyminds.org/2025/05/07/dadyminds-podcast-9-the-deep-dive-book-talk-on-daniel-kahnemans-thinking-fast-and-slow/