It's the summer of 2021: highly vaccinated cities are finally opening back up again and it seems like everyone is in a state of exploration. In this episode we discuss how the explore-exploit framework applies to our lives and how it might be useful to apply to yours.

0:00 Intro

1:06 The period of life you are in will largely dictate your explore vs exploit ratios; explore a lot while young.

3:08 Is the ultimate goal to 100% exploit or is there intrinsic value in exploration?

8:45 In society people spend too much time keeping options open (liquid modernity / infinite browsing mode / optionality) // Compound interest is where we actually get good at things - long term games are non luck success strategies.

13:07 The goal of the explore-exploit framework is to assist in regret minimization (energy landscapes, football players & kpop as examples).

19:23 Most people never find what they really love or get good at anything // Exploration is an additive that keeps you excited to do your exploitation.

22:05 The success of an exploration is the number of meaningful conclusions that you reach.

23:39 Commitment vs travel / wanderlust in exploring culture?

28:05 When and how did Wing commit to becoming a VC?

29:13 Professional explore exploit ratios for the 3 of us right now & what would motivate us to leave our happy local minima.

38:15 Our social explore-exploit ratios right now.

41:46 For those stuck in either explore or exploit, tips to commit or force exploration: internal reflection, have a goal, make proactive moves.

43:21 All of our episodes start with different topics and converge to the same models.

More about us: Wing (https://wingvasiksiri.com): "Founder and Managing Partner at iSeed SEA" ; Ivan (https://ivanfj.com): "PhD researcher in Biodegradable Plastics at UC Berkeley" ; Andrei (https://andrei.ai): "PhD researcher in Machine Learning at University of Cambridge"