The optimal stopping rule in job search suggests that

Question

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The optimal stopping rule in job search suggests that individuals should continue to search until the expected marginal benefits from continued search equal the expected marginal costs from further search. This means that individuals should keep searching until the cost of searching (time, effort, etc.) is not worth the potential benefit of finding a better job offer. It is not a fixed number of firms or a specific wage offer that determines the end of job search.

The Optimal Stopping Rule in Job Search Suggests That