Speed-vs-Accuracy Tradeoff in Collective Estimation: An Adaptive Exploration-Exploitation Case
Mohsen Raoufi, Heiko Hamann, Pawel Romanczuk

TL;DR
This paper investigates the speed-accuracy tradeoff in collective estimation, proposing an adaptive, decentralized switching mechanism between exploration and exploitation phases to optimize collective decision-making in unknown environments.
Contribution
It introduces an adaptive, distributed method for agents to determine optimal switching times, enhancing collective estimation accuracy without prior environment knowledge.
Findings
Optimal exploration duration improves speed-accuracy balance.
Decentralized switching mechanism enables adaptive collective decision-making.
Emergent collective movement aligns with environmental features.
Abstract
The tradeoff between accuracy and speed is considered fundamental to individual and collective decision-making. In this paper, we focus on collective estimation as an example of collective decision-making. The task is to estimate the average scalar intensity of a desired feature in the environment. The solution we propose consists of exploration and exploitation phases, where the switching time is a factor dictating the balance between the two phases. By decomposing the total accuracy into bias and variance, we explain that diversity and social interactions could promote the accuracy of the collective decision. We also show how the exploration-vs-exploitation tradeoff relates to the speed-vs-accuracy tradeoff. One significant finding of our work is that there is an optimal duration for exploration to compromise between speed and accuracy. This duration cannot be determined offline for…
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