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The key impact that occupancy rate has on parking strategy becomes clear once we recognize that parking is an optimal stopping problem.

already full, and people end up wasting time and burning fossil fuel as they cruise for a spot. Shoup’s solution involves installing digi...
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The critical thing to note in this problem is that our threshold depends only on the cost of search

Since the chances of the next offer being a good one—and the cost of finding out—never change, our stopping price has no reason to ever ...
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with more fish in the sea, raise them. In both cases, crucially, the math tells you exactly by how much

It also makes clear the converse: with more fish in the sea, raise them. In both cases, crucially, the math tells you exactly by how much...
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If you’re still single after considering all the possibilities—as Kepler was—then go back to the best one that got away.

  The symmetry between strategy and outcome holds in this case once again, with your chances of ending up with the best applicant under ...
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Before he became a professor of operations research at Carnegie Mellon, Michael Trick was a graduate student

bigger the applicant pool gets, the more valuable knowing the optimal algorithm becomes. It’s true that you’re unlikely to find the needle...
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Just as designing algorithms for computers was originally a subject that fell into the cracks between disciplines

an odd hybrid of mathematics and engineering—so, too, designing algorithms for humans is a topic that doesn’t have a natural disciplinary...
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Most broadly, looking through the lens of computer science can teach us about the nature of the human mind

the meaning of rationality, and the oldest question of all: how to live. Examining cognition as a means of solving the fundamentally com...
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