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.

241

2.33K reads

CURATED FROM

IDEAS CURATED BY

leilanie

Leadership is not about authority...

The idea is part of this collection:

How To Start a Running Habit

Learn more about books with this collection

Proper running form

Tips for staying motivated

Importance of rest and recovery

Related collections

Similar ideas to Optimal Stopping

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 

When to quit

Set clear metrics that will help you to know when to give up on an idea, a habit, or a process. Don’t quit when the going gets rough. 

Quit because it’s the right, objective and logical thing to do after weighing your options. Quit because you have a better option and don’t want to waste...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates