I've been thinking about my next chapter for about a year, but I have to bite the bullet and move on. I must thank my better half for understanding my decision. She gave me a chance, and I won't waste it. But I don't know why, but I don't feel any pressure. We won't die anyway. I know we'll flourish. Let's jump in. Photo by Warren on Unsplash
Even though we expect side hustles to take time before breaking even, the shorter the path, the better. After all, we never really know what might hit the jackpot. Success often comes from unexpected avenues, so we need to approach this journey strategically. This reminds me of concepts from decision science: multi-armed bandits and reinforcement learning. These techniques are designed to maximize rewards by balancing two essential actions: exploration and exploitation. Let me be like a teacher. Imagine walking into a casino filled with slot machines (commonly called "one-armed bandits"). Each machine has an unknown probability of payout—some machines might give big rewards, others may rarely pay at all. Your goal is to maximize cumulative rewards. To do so, you face a dilemma: Explore : Try different machines to discover which one has the best payout. Exploit : Stick to the machine you think will give the most rewards based on what you've learned so far. Now think of sid...