# Exploration-Exploitation Trade-off

**Exploration** is trying out random actions in order to find more information about the environment..

**Exploitation** is utilizing known information to maximize the reward.

```{figure} Images/RL_exploration_exploitation_tradeoff.png
---
width: 80%
align: center
name: types_of_ml
---
Broad types of ML
```

The most commonly implemented approach to the same is known as ![](https://latex.codecogs.com/svg.latex?\epsilon)-greedy algorithm