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I'm confused, isn't this literally one of the founding problems to "Statistical Decision Theory"? That is, this may be a simplified version of the problem, but
by taeric 4y ago
I'm confused, isn't this literally one of the founding problems to "Statistical Decision Theory"?
That is, this may be a simplified version of the problem, but it is a legit problem from that field. And the results being presented here don't disagree with the legit problem, do they?
Now, is it a simplification of a simplification? Sure. I'm not clear on why it is as bad as you are putting forth, though.
- robrenaud 4y agoPeople discuss it as though it has basically any real life applicability, but the assumptions are violated by basically every important real life decision ever. Don't get me wrong, I love algorithms, CS and math and very much liked learning the secretary problem and solution. I just wouldn't think of it as practically useful.
- taeric 4y agoI'm guessing you see/hear this discussed way more than I do, then. :D