The DOI matches its Crossref record; 24 of the 24 references it cites were found in a registry or an index.
Understanding the exploration–exploitation dilemma: An fMRI study of attention control and decision‐making performance
Open accessAbstract
This paper studies the cognitive processes that enable decision makers to switch between exploitation and exploration. We use functional magnetic resonance imaging ( fMRI ) in a sample of expert decision makers to make two main contributions. First, we identify and contrast the specific brain regions and cognitive processes associated with exploitation and exploration decisions. Exploitation activates regions associated with reward seeking, which track and evaluate the value of current choices, while exploration relies on regions associated with attentional control, tracking the value of alternative choices. Second, we propose and test the idea that stronger activation of the brain circuits related to attentional control allows individuals to achieve better decision‐making performance as a result. We discuss the implications of these results for strategic management research and practice . Copyright © 2013 John Wiley & Sons, Ltd
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Cites
The assessment and analysis of handedness: The Edinburgh inventory
Oldfield, R. C. (1971) · Neuropsychologia · doi:10.1016/0028-3932(71)90067-4 · Cited by 35,900
Exploration and Exploitation in Organizational Learning
March, J. G. (1991) · Organization Science · doi:10.1287/orsc.2.1.71 · Cited by 21,942 · cited 1×
“Adapting to complex and changing environments requires managers to explore novel knowledge domains while simultaneously exploiting existing knowledge (Abelson, 1976; Eisenhardt, Furr, and Bingham, 2010; Levinthal and March, 1993; March, 1991).”
BackgroundA Dynamic Theory of Organizational Knowledge Creation
Nonaka, I. (1994) · Organization Science · doi:10.1287/orsc.5.1.14 · Cited by 17,809 · cited 1×
“The organizational learning literature indicates that incremental refinements are achieved by internalizing or combining existing knowledge (Nonaka, 1994).”
BackgroundControl of goal-directed and stimulus-driven attention in the brain
Corbetta, M., & Shulman, G. L. (2002) · Nature Reviews Neuroscience · doi:10.1038/nrn755 · Cited by 12,881
The attention system of the human brain
Posner, M. I., & Petersen, S. E. (1990) · Annual Review of Neuroscience · doi:10.1146/annurev.ne.13.030190.000325 · Cited by 8,070
What we can do and what we cannot do with fMRI
Logothetis, N. K. (2008) · Nature · doi:10.1038/nature06976 · Cited by 3,612
Olds, J., & Milner, P. (1954) · Journal of Comparative and Physiological Psychology · doi:10.1037/h0058775 · Cited by 3,176
Daw, N. D., Niv, Y., & Dayan, P. (2005) · Nature Neuroscience · doi:10.1038/nn1560 · Cited by 2,533
A framework for studying the neurobiology of value-based decision making
Rangel, A., Camerer, C., & Montague, P. R. (2008) · Nature Reviews Neuroscience · doi:10.1038/nrn2357 · Cited by 2,184
KRINGELBACH, M. (2004) · Progress in Neurobiology · doi:10.1016/j.pneurobio.2004.03.006 · Cited by 1,977
Cited by
When Is More Uncertainty Better? A Model of Uncertainty Regulation and Effectiveness
Griffin, M. A., & Grote, G. (2020) · Academy of Management Review · doi:10.5465/amr.2018.0271 · Cited by 223
Metadata
- Authors
- Laureiro‐Martínez, D., Brusoni, S., Canessa, N., & Zollo, M.
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 2014-02-28
- Volume
- 36
- Issue
- 3
- Pages
- 319-338
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- OpenAlex
- W1573582455
- Cited by
- 346
- References
- 24
- FWCI
- 9.16
- Type
- journal article
- Language
- en
- Open access
- green
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