Applied Divinity studies uses the Secretary problem to answer How Long Should you Take to Decide on a Career?. This is also relevant for cases where you have to take some job and the question becomes how long should you wait or search for the right job.
There is a way to get to the candidate faster using the cohort method which only works if you have groups of people from the same college or company applying.
The successive non-candidate rule helps in you moving the peak closer and closer to the left, meaning you get your candidate in sooner.
succes for the company is getting to the fit candidate sooner. There might be many fit candidates too.
The other side of the secretary problem is how much effort should the applicants put in? Is there a value of application thoroughness? one commenter said that "A lot of this stuff is optimizing for the convenience of those doing the hiring process, not for hiring the best candidate." The problem is not the same from both sides. The greater problem or the side with money gets solved first.
Reading that comment further there is a reference to throwing the unchosen 80% resumes. I cant remember if it was in a movie, it goes, "I dont want to chose the unlucky ones."
Context sensitivity and the introvert experience or why its a profitable time to be an introvert.
Getting to the context - Once a VP asked, will you sabe me the trouble of asking a question before beginning a presentation. Given that it is zoom world, everyone knows the first question, "Can you see my screen?".
12/ The problem strikes me as a sort of restless multi-armed bandit problem with non-independent, non-stationary arms. These are known to be horribly intractable. AFAIK the Gittins index approach doesn’t work. You can’t sample the arms and shift from explore to exploit easily.
— Venkatesh Rao (@vgr) March 2, 2020
The explore-exploit is probably important to get right for oil search and other such energy missions. The woodcutter fairy tale too is a matter of when to stop exploring and exploit.
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