As entrepreneurs and creatives, we are often told to never quit in pursuit of our dreams. Conversely, professional gamblers and e-sports players are taught that knowing when to quit is a core skill of successful game playing.

Games (and game theory) have extensive strategies for deciding when to quit, not just persist. This is because the vast majority of games have a win state and multiple players, of which only one can win. Therefore players must develop a quitting strategy in games to optimize chances of winning and maximize the value of their time. While approaches differ dramatically among players,…

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