You have to fill one job. The applicants arrive one at a time, in random order, and you can rank any two you have seen. The catch: right after each interview you must say hire or pass, on the spot. Pass, and that person is gone forever. Hire, and the search ends. You want the single best applicant of them all.
How do you even start? Hire the first person and you are almost certainly settling. Wait too long and the best one may have already walked out the door. Every step is a bet with no take-backs.
This is the secretary problem, and it has a clean, surprising answer. There is a single rule that maximizes your odds â and it wins far more often than instinct says it should.
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