As well as advising us on when we should stop searching, algorithms can also tell us when to explore something new. In the book, the authors give the example of a slot machine. Some people will just sit at the machine until they win. However, there is always a thought in people’s minds whether they should simply walk away despite losing lots of money. Based on the alternative name for slot machines, this dilemma is called the Multi-Armed Bandit Problem.
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Compelling and entertaining, Algorithms to Live By is packed with practical advice about how to use time, space, and effort more efficiently. And it's a fascinating exploration of the workings of computer science and the human mind
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