Optimal Stopping is closely related to risk management. In risk management, decisions need to be made based on the best available information at a given time, often under conditions of uncertainty. This is similar to Optimal Stopping, where the goal is to make the best decision in the shortest amount of time. Both concepts involve balancing the need for information with the need to act before it's too late. For example, in risk management, you might need to decide whether to take a certain action to mitigate a risk before you have all the information you would ideally like to have.
Can computer science teach us the secrets of life? Perhaps not, but they can shed light on how certa...
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