  The decision-maker (DM) sequentially evaluates up to N of different, rankable
options. DM must select exactly the best one at the moment of its appearance.
In the process of searching, DM finds out with each applicant whether she is
the best applicant among those assessed so far (we call him a candidate). DM
cannot return to rejected candidates. We discuss the psychological aspects of
this selection problem, known in the literature as the secretary problem. The
analysis is based on knowledge of the chances, and a subjective assessment of
acceptance of the positive and negative effects DM's decision. The acceptance
assessment of success and failure is presented on subjective scales. We set an
optimal policy that recommends analyzing applicants up to a certain point in
time (a threshold time) without selecting any of them and then selecting the
next encountered candidate. The determined optimal threshold depends on the
level of acceptance of the positive and negative effects of the choice. This
issue is discussed in the article.
