If your aim is finding the very best applicant, settling for nothing less, it’s clear that as you go through the interview process you shouldn’t even consider hiring somebody who isn’t the best you’ve seen so far. However, simply being the best yet isn’t enough for an offer; the very first applicant, for example, will of course be the best yet by definition. More generally, it stands to reason that the rate at which we encounter “best yet” applicants will go down as we proceed in our interviews. For instance, the second applicant has a 50/50 chance of being the best we’ve yet seen, but the fifth applicant only has a 1-in-5 chance of being the best so far, the sixth has a 1-in-6 chance, and so on. As a result, best-yet applicants will become steadily more impressive as the search continues (by definition, again, they’re better than all those who came before)—but they will also become more and more infrequent.