Definitions for secretary problem
sec·re·ta·ry prob·lem

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1. Secretary problem

   The secretary problem is a problem that demonstrates a scenario involving optimal stopping theory. The problem has been studied extensively in the fields of applied probability, statistics, and decision theory. It is also known as the marriage problem, the sultan's dowry problem, the fussy suitor problem, the googol game, and the best choice problem. The basic form of the problem is the following: imagine an administrator who wants to hire the best secretary out of n {\displaystyle n} rankable applicants for a position. The applicants are interviewed one by one in random order. A decision about each particular applicant is to be made immediately after the interview. Once rejected, an applicant cannot be recalled. During the interview, the administrator gains information sufficient to rank the applicant among all applicants interviewed so far, but is unaware of the quality of yet unseen applicants. The question is about the optimal strategy (stopping rule) to maximize the probability of selecting the best applicant. If the decision can be deferred to the end, this can be solved by the simple maximum selection algorithm of tracking the running maximum (and who achieved it), and selecting the overall maximum at the end. The difficulty is that the decision must be made immediately. The shortest rigorous proof known so far is provided by the odds algorithm (Bruss 2000). It implies that the optimal win probability is always at least 1 / e {\displaystyle 1/e} (where e is the base of the natural logarithm), and that the latter holds even in a much greater generality (2003). The optimal stopping rule prescribes always rejecting the first ∼ n / e {\displaystyle \sim n/e} applicants that are interviewed and then stopping at the first applicant who is better than every applicant interviewed so far (or continuing to the last applicant if this never occurs). Sometimes this strategy is called the 1 / e {\displaystyle 1/e} stopping rule, because the probability of stopping at the best applicant with this strategy is about 1 / e {\displaystyle 1/e} already for moderate values of n {\displaystyle n} . One reason why the secretary problem has received so much attention is that the optimal policy for the problem (the stopping rule) is simple and selects the single best candidate about 37% of the time, irrespective of whether there are 100 or 100 million applicants.

How to pronounce secretary problem?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say secretary problem in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of secretary problem in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of secretary problem in Pythagorean Numerology is: 6

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Secretary_Problem