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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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.
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