Optimal Stopping problems can be applied to business decisions in various ways. For instance, in hiring processes, businesses often face the dilemma of when to stop interviewing candidates and make a hire. If they wait too long, they might lose the best candidates to other companies. But if they hire too quickly, they might miss out on better candidates. Similarly, businesses also face optimal stopping problems in areas like investment (when to sell a stock), project management (when to stop a failing project), and marketing (when to stop a campaign).
Can computer science teach us the secrets of life? Perhaps not, but they can shed light on how certa...
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