Skip to main content Accessibility help
×
Hostname: page-component-78c5997874-m6dg7 Total loading time: 0 Render date: 2024-11-03T00:58:42.648Z Has data issue: false hasContentIssue false
This chapter is part of a book that is no longer available to purchase from Cambridge Core

33 - The Secretary Problem from the Applicant's Point of View

from VI - Cards and Probability

Michael Henle
Affiliation:
Oberlin College
Brian Hopkins
Affiliation:
Saint Peter's University
Get access

Summary

Searching for a job is always stressful and, with unemployment rates at their highest levels in years, never more so than now. Applicants can and should use every advantage at their disposal to obtain a job which is rewarding, financially and otherwise. While this author believes a math major gives applicants many advantages as they search for their dream job, one often overlooked is the ability to strategize and schedule their interviews to maximize the chance of landing that job.

The secretary problem helps an employer find the optimal candidate for a job out of a large pool of applicants. The set up is as follows: only one person can be hired, and, for any pair of applicants, the employer has a strict preference for one of them that they can discern after seeing both. However, after each interview the employer must either accept or reject the candidate. If the candidate is the final person, the interviewer simply must accept them, as rejected candidates cannot be recalled. In the classical formulation of the problem, the goal is to select the best applicant overall.

What strategy can the employer use to maximize the probability of hiring the best overall applicant? It is clear that, other than the final candidate, you only hire an applicant if they are the best applicant you have seen to that point. Otherwise you are certainly not hiring the best person.

Type
Chapter
Information
Publisher: Mathematical Association of America
Print publication year: 2012

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×