Proceedings of the Annual Meeting of the Cognitive Science Society

The decision to explore a novel option or exploit a known one — referred to as the explore-exploit trade-off — has received much attention from diverse fields of research, ranging from computer science to developmental psychology. However, much of the work on this topic has focused exclusively on an individual agent acting alone, a scenario that does not fully capture the rich social dynamics of human decision-making. In particular, the presence and participation of others can theoretically influence the decision to explore or exploit. One factor which may affect how individuals navigate the explore-exploit tradeoff is the presence of caregivers, who can help buffer the downside costs of more exploratory decision making. Across two pre-registered studies, we investigated whether children and adults predicted more or less exploratory behavior in the presence of a caregiver. In Study 1, we presented U.S. American children (N=87, ages 4 to 8) with vignettes of other children faced with the choice of exploring a novel option or exploiting a known one across a range of domains. In the vignettes, the characters either faced these decisions alone or in the presence of a parent. In Study 2, we presented the same vignettes to U.S. American adults (N=79). Across both studies, and as predicted, we found that both children and adults believed others would be more exploratory in the presence of caregivers. These results add important nuance to our understanding of how individuals navigate the explore-exploit tradeoff, and highlight the role of the social context in shaping these decisions. We aim to build on these results on future work centralizing the role and function of care in decision-making and exploration.