Algorithms can help in making better decisions by providing a structured approach to decision-making. They can help in reducing the time spent on research, identifying the best choices, and balancing between tried and tested options and new, risky ones. For instance, the 37% rule suggests that one should spend 37% of their time on research before making a decision. The explore/exploit trade-off emphasizes the need to balance between sticking with what's known and trying out new things. The Win-Stay, Lose-Shift algorithm, developed by mathematician Herbert Robins, suggests a method of switching choices based on the outcome of previous choices. These algorithms can help in making more informed and effective decisions.
Can computer science teach us the secrets of life? Perhaps not, but they can shed light on how certa...
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