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by JoeAltmaier 4565 days ago
You can do a lot better than this, with only an incremental cost. Look for an adequate fit; pass on them. Then accept the next fit that is better than that first fit.

Its a whole standard deviation better result, at probably less than double the cost. Works for lots of things: choosing shoes, a wife or husband, entrée on a menu etc.

1 comments

Are you talking about this problem? http://en.wikipedia.org/wiki/Secretary_problem The math is a little different: You can increase your chances of finding the single best applicant in a pool just by discarding the first 36.8% that you come across, then picking the next one that is better than those.