Not using optimal stopping in decision making can lead to suboptimal outcomes. For instance, you might end up spending more time and resources than necessary, or you might miss out on better opportunities. In the context of the examples given, a driver might waste time searching for the perfect parking space when there are good enough options available sooner. A manager might miss out on a great candidate because they kept searching for the 'perfect' one. A property owner might miss a good sale offer waiting for a better one that never comes.
Can computer science teach us the secrets of life? Perhaps not, but they can shed light on how certa...
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