The limitations of using Optimal Stopping problems in decision-making include the difficulty in accurately predicting future outcomes, the challenge of quantifying the cost of waiting for more information, and the potential for decision paralysis due to over-analysis. Additionally, these problems often assume that the decision-maker has perfect rationality and access to all relevant information, which is rarely the case in real-world scenarios.
Can computer science teach us the secrets of life? Perhaps not, but they can shed light on how certa...
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