From How to Not Die Alone
- Maximizers vs. satisficers, question mark vs. period when it comes to decisions
- 37% rule in the secretary problem
- The Secretary Problem is a famous math puzzle about choosing the best option when faced with a sequence of candidates (like hiring a secretary). The optimal strategy is to reject the first 37% of candidates to set a benchmark, then pick the next one who is better than all previous ones. This method maximizes the chances of selecting the best candidate while making decisions sequentially and without knowing future options.
- Don’t let perfect be the enemy of great