Another normative model
Choosing a spouse
- What’s your decision rule for saying yes/no to a marriage proposal?
-
- Tradeoff
- Say yes too early, and you may miss the best person
- Say no to a “good” one, you may be sorry later
-
- “Optimal” algorithm
- Estimate the number of offers you will get over your lifetime
- Say “no” to the first 37 %
- Then say “yes” to the first one who is better than all previous ones