Optimal Stopping - Deepstash
Optimal Stopping

Optimal Stopping

When you are hiring, scouting houses to buy, options to consider — when should you stop looking?

You stop looking too early, you don’t know if someone better isn’t going to come along. You stop too late, you might have passed on the best candidate already.

Mathematically — you should stop looking after evaluating 37% of all the options you’re willing to look at. After the 37% option — if anything/anyone comes along who is better than everyone else before you should make the decision.

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Optimal Stopping

Optimal Stopping

The Optimal Stopping Problem provides a mathematical solution to when to stop looking and decide. The 37% Rule works like this:

  • Determine how many options you'll likely encounter (n)

  • Look at the first 37% of options (n/e, where e is Euler's number...

The 37%

Mathematics dictates that you should take 37% of the time or options you have to simply look and after that, you should commit to the first option that is better than everything you’ve seen so far.

That’s the point at which you have the highest chance—in a display of mathematical sym...

Rules #31 - #40

Rules #31 - #40

31. Fuel the habit bonfire.

32. Have a philosophy.

33. Make time for philosophy.

33. Don’t just read—you must 

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