25 Jun '03 16:56>
Originally posted by AcolyteI still don't understand the merits of this strategy.
Also, could you give me the objective function that the hiring officer is trying to maximise? It can't be as simple as 'probability of best candidate being selected', because then he would just interview everyone so he could be sure of finding the best one.
This is because I haven't explained it properly...😳.
The officer INTERVIEWS the first M, and rejects them out of hand. He then interviews the rest, and selects the first one to have a higher score on the objective criteria than the rest. If such a candidate does not exist, he hires the last candidate by default (that is what I forgot to mention). Furthermore, remember the crucial detail: A PROSPECTIVE PRANCER MUST BE ACCEPTED OR REJECTED IMMEDIATELY FOLLOWING HIS INTERVIEW (before others are interviewed). Given this strategy, I am asking you to tell me what value of M maximizes the probability that the best candidate is chosen. M is different from zero. Also, given that this is done properly, what is the probability that the best candidate is hired, and where should you put yourself in line. I think that I may have left the cruciall detail out of my initial explanation, which gives rise to the problems you astutely mentioned.
Your second objection is answered by this detail. Sorry about the lack of clarity.