In The 37 Percent Rule, the basic idea is that you have a series of candidates you are interviewing for the role of secretary (this thought experiment originated in the 1950s). You interview each candidate one by one and must decide on the spot if you will stop your search there and hire the candidate. If you decide to move to the next candidate, the previous candidate is gone forever.
Originally published at http://unearnedwisdom.com.
