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The computer science counterpart is the Optimal Stopping Problem. There's no real equivalent solution irl. In a country without a safety net, and if you don't h
by KRAKRISMOTT 3y ago
The computer science counterpart is the Optimal Stopping Problem. There's no real equivalent solution irl. In a country without a safety net, and if you don't have a trust fund, then constantly preparing for black swan events is only rational.
- RhysU 2y agohttps://en.wikipedia.org/wiki/Secretary_problem https://en.wikipedia.org/wiki/Secretary_problem Evaluating each chance to use one specific favor, based on your perceived need for it at one moment and its potential outcome, feels equivalent to interviewing one job applicant in this classical problem. Collecting favors then doling them out rationally is rational. Being a favor doomsday prepper with an ever-growing favor stockpile is not.
- rokkitmensch 2y agoPeople also love discharging their debts, so you accrue intangible goodwill by liquidating those assets.
- KRAKRISMOTT 2y agoThat is under the assumption of optimal control i.e. parametrized by the Bellman equation. In real life (for a normal individual and not e.g. a high net worth person or corporation) if you hit a non optimal scenario, your life is over and you are trapped in a local minima.