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March 24 - December 18, 2024
How are you to know that an apartment is indeed the best unless you have a baseline to judge it by? And how are you to establish that baseline unless you look at (and lose) a number of apartments? The more information you gather, the better you’ll know the right opportunity when you see it—but the more likely you are to have already passed it by. So what do you do? How do you make an informed decision when the very act of informing it jeopardizes the outcome? It’s a cruel situation, bordering on paradox.
Committing to or forgoing a succession of options is a structure that appears in life again and again, in slightly different incarnations. How many times to circle the block before pulling into a parking space? How far to push your luck with a risky business venture before cashing out? How long to hold out for a better offer on that house or car?
The word “algorithm” comes from the name of Persian mathematician al-Khwārizmī, author of a ninth-century book of techniques for doing mathematics by hand. (His book was called al-Jabr wa’l-Muqābala—and the “al-jabr” of the title in turn provides the source of our word “algebra.”) The earliest known mathematical algorithms, however, predate even al-Khwārizmī’s work: a four-thousand-year-old Sumerian clay tablet found near Baghdad describes a scheme for long division.
In this book, we explore the idea of human algorithm design—searching for better solutions to the challenges people encounter every day.
Optimal stopping tells us when to look and when to leap. The explore/exploit tradeoff tells us how to find the balance between trying new things and enjoying our favorites. Sorting theory tells us how (and whether) to arrange our offices. Caching theory tells us how to fill our closets. Scheduling theory tells us how to fill our time.
Thinking algorithmically about the world, learning about the fundamental structures of the problems we face and about the properties of their solutions, can help us see how good we actually are, and better understand the errors that we make.
Don’t always consider all your options. Don’t necessarily go for the outcome that seems best every time. Make a mess on occasion. Travel light. Let things wait. Trust your instincts and don’t think too long. Relax. Toss a coin. Forgive, but don’t forget. To thine own self be true.