Optimal stopping is a decision-making strategy used in various situations where one must make the best possible decision in the shortest amount of time. It's often used in scenarios like searching for a parking space, hiring the best job candidate, or deciding whether to accept a real estate sale offer before the market changes. The goal is to maximize the benefits or minimize the losses within a given time frame.
Can computer science teach us the secrets of life? Perhaps not, but they can shed light on how certa...
View summary