Insights from ‘Algorithms to Live’ By by Brian Christian and Tom Griffiths Flashcards
What is the main concept explored in ‘Algorithms to Live By’ by Brian Christian and Tom Griffiths?
Applying computer science algorithms to solve everyday human challenges.
Fill in the blank: The _____ rule suggests rejecting the first 37% of candidates before making a selection.
0.37
True or False: The 37% rule guarantees the best hiring outcome.
False
How many candidates should you evaluate unconditionally if you have 20 applicants, according to the 37% rule?
7 candidates (37% of 20 is approximately 7)
What adjustment should you make to the 37% rule if you believe there’s a 50% chance initially rejected candidates are still interested?
Switch to the 61% rule, evaluating at least 12 candidates before deciding.
What network algorithm inspired a method for onboarding new hires?
Additive Increase Multiplicative Decrease (AIMD)
Describe the AIMD-inspired approach for onboarding a new freelancer.
Start with a small task, double the workload with each success until a failure occurs, then reduce by half and slowly build up again.
Who developed the Gittins Index and for what purpose?
John Gittins, to optimize pharmaceutical investments for Unilever.
According to the Gittins Index, at what percentage should you consider switching from an underperforming project or hire?
If they are meeting expectations less than 70% of the time, consider switching.
Why might an untested option have inherent value according to the book?
Exploration has value, as trying new options increases the chance of finding an optimal solution.
Fill in the blank: The Gittins Index value for an untested option is _____, meaning it has inherent exploratory value.
0.7
What practical effect does the AIMD algorithm have in network management?
It prevents network congestion by halving data transmission when the receiver is overwhelmed.
Application: If a new hire struggles with a doubled workload, what should you do based on AIMD principles?
Cut their workload by half and then increase gradually.
True or False: The Gittins Index suggests always choosing tested options over new ones.
False
Explain the ‘exploration vs. exploitation’ trade-off in decision-making as discussed in the book.
Balancing between leveraging known successful options and exploring new possibilities to potentially find better solutions.
