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80,000 Hours Podcast cover image

#48 - Brian Christian on better living through the wisdom of computer science

80,000 Hours Podcast

NOTE

Optimal Stopping in Decision Making

The optimal stopping problem in decision making involves making choices sequentially without the ability to go back. An example is the secretary problem where you have to hire a secretary from a random pool of candidates. The optimal strategy is to interview 37% of candidates without hiring, then select the next candidate who surpasses all in the initial 37%. This strategy grants a 37% chance of success, even if the pool size is enormous, showcasing its effectiveness despite inherent challenges in the decision-making process.

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