Optimal stopping helps us decide when to settle for something and when to keep looking from "summary" of Algorithms to Live By by Brian Christian,Tom Griffiths
Imagine you're looking for the perfect apartment in a bustling city. You start your search and visit a few places, but none of them seem quite right. At what point do you decide to settle for the best option you've seen so far? This dilemma is at the heart of the concept of optimal stopping. It's about knowing when to stop searching and when to keep looking.
Optimal stopping is a principle derived from mathematics and computer science that can be applied to various real-life situations. In the case of apartment hunting, it helps us make decisions about when to settle for a place that meets most of our criteria, even if it's not perfect. But how do we determine when "good enough" is actually good enough?
One approach is the 37% rule, which suggests...
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