Related Experiment Video
Updated: Dec 13, 2025

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
The effects of risk-taking, exploitation, and exploration on creativity
1Graduate School of Business Administration, Kobe University, Kobe, Hyogo Prefecture, Japan.
Abstract:
The purpose of this paper was to investigate the effects of risk-taking, exploitation, and exploration on creativity by taking a model-based computational approach to both divergent and convergent thinking as primary ingredients of creativity. We adopted a reinforcement learning framework of Q learning to provide a simple, rigorous account of behavior in the decision-making process and examined the determinants of divergent and convergent thinking. Our findings revealed that risk-taking has positive effects on divergent thinking, but not related to convergent thinking. In particular, divergent thinkers with a high learning capacity were more likely to engage in risk-taking when facing losses than when facing gains. This risk-taking behavior not only contributes to the rapid achievement of learning convergence, but is also associated with high performance in divergent thinking tasks. Conversely, both exploitation and exploration had no significant effects on creativity once these risk attitudes were considered. Moreover, while convergent thinking relied on personality characteristics, it was not associated with risk-taking, exploitation, or exploration.
More Related Videos
Related Concept Videos
Creative Thinking
Divergent thinking is the...
Cognitive Learning
E. C. Tolman's theory of purposive behavior emphasizes that much behavior is goal-directed. He argued that to understand behavior, we must look at the entire sequence of actions leading to a goal. For instance, high school students study hard, not just due to past reinforcement but also to achieve the goal of getting into a good college.
Tolman introduced the idea that behavior is influenced by...
Optimal Arousal Theory
Inverted U-Shaped Performance Curve
The...
Impact of Individuals on a Group
The Influence of Affect on Cognition
Magical Thinking

