The Win-Stay, Lose-Shift algorithm, developed by mathematician Herbert Robins in 1952, is a decision-making strategy that uses the metaphor of slot machines. The method involves choosing a machine at random and playing it until you lose, then switching to another machine. This strategy has been proven to be more reliable than chance. It differs from other strategies such as the 37% rule, which involves allotting 37% of your time to research before making a decision, and the explore/exploit trade-off, which requires balancing the tried and tested with the new and risky.
Can computer science teach us the secrets of life? Perhaps not, but they can shed light on how certa...
View summary