We study the performance of heuristics relative to the performance of optimal solutions in the rich domain of sequential search, where the decision to stop the search depends only on the applicant's relative rank. Considering multiple variants of the secretary problem, that vary from one another...

Learning the probabilities of multiple events from the environment is an important core competency of any organism. In our within‐participant experiment, participants experienced samples from two distributions, or prospects, each comprised of two to four events, and were required to provide...