Math-Based Decision Making: The Secretary Problem

At first glance, this problem might appear impossible or seem like a trickery. In reality, the secretary problem has an elegant solution based on sound math.

The practical wisdom coming from the secretary problem is usually lost among the pages of books of probability theory. I think this is a true pity, because there are many situations where knowing the optimal strategy for unseen alternatives can come useful. For example,

Read More

Tags: Secretary