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Optimal Stopping in Decision-Making
Delving into the concept of optimal stopping, this chapter explores how restlessness and doubt play a role in making decisions in various scenarios like dating, housing, and urban planning. It discusses the Explore Exploit trade-off in computer science and its application in optimizing strategies, drawing parallels to clinical trials. The chapter also delves into the impact of timing on decision-making, highlighting the value of discoveries and how individuals adapt their strategies based on different stages in life.