Here are the steps to this algorithm, applied to... - Deepstash

Here are the steps to this algorithm, applied to gambling machines:

  1. Find a machine that offers the best expected value. In this case, it is the machine with the biggest jackpot as you are unaware of probabilities.
  2. While playing, make sure that you keep track of the real outcome (how much money you’re winning). The real outcome should be compared with how much you were expecting to win by this point.
  3. If the real outcome is consistently lower than your expected outcome, you should move on to another machine. This machine should be the one with the second-biggest jackpot.
  4. Repeat the process.

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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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