mutterc comments on Job Search Advice - Less Wrong
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When applying, model the probability of getting any specific job as zero. If you get through an in-person interview and it goes well, you can update that probability upwards a bit.
That is, don't serialize your applications (you won't hear back anything at all from most of them, anyway). Expect near-universal rejection, even for jobs for which you're the world's most ideal candidate.
Compensate by applying for hundreds of jobs.