{"pk":27617,"title":"Does a present bias influence exploratory choice?","subtitle":null,"abstract":"Balancing exploration and exploitation is difficult, and across a wide variety of situations under-exploration ofuncertain alternatives appears prevalent. We propose that one possible cause of under-exploration is present bias, wherebyimmediate rewards (like those gained from exploitation) loom larger than future rewards (like those gained from exploration).This possible cause of under-exploration is not addressed by past studies, in which choices generally yield token rewards thatare converted to money at the end of the experiment, removing the inter-temporal aspect of the decision-making process. Toaddress this issue, we developed an exploratory choice task with immediately-consumed rewards. We then tested whetherwhether imposing a temporal delay before the consumption of rewards increased exploration by decreasing present bias, andreport on our results.","language":"eng","license":{"name":"","short_name":"","text":null,"url":""},"keywords":[],"section":"Posters: Member Abstracts","is_remote":true,"remote_url":"https://escholarship.org/uc/item/7b21n3kg","frozenauthors":[{"first_name":"Alexander","middle_name":"S","last_name":"Rich","name_suffix":"","institution":"New York University","department":""},{"first_name":"Todd","middle_name":"M","last_name":"Gureckis","name_suffix":"","institution":"New York University","department":""}],"date_submitted":null,"date_accepted":null,"date_published":"2017-01-01T18:00:00Z","render_galley":null,"galleys":[{"label":"PDF","type":"pdf","path":"https://journalpub.escholarship.org/cognitivesciencesociety/article/27617/galley/17253/download/"}]}