ants
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Feb 4, 2021 by Michael Mauboussin · across every show →
Everything said about ants, oldest first
Feb 4, 2021
Mauboussin: Environmental Rate of Change Dictates Exploration Versus Exploitation Balance
“It turns out that probability of peeling off the path is a function of the rate of change in the environment. So when the environment does not change rapidly, the ants go for mostly exploitation and very little exploration. When the rate of change is rapid, th…”