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Nice ! For the "when to give up" problem, optimal stopping theory (wikipedia) provides a framework that may help (essentially 37% of total time you are willing to work on the problem - e.g. 2 years for a PhD).

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Indeed a great article , I loved reading it.

We live in the era where only a final reward is celebrated. To reach a goal, there are various dips a person goes through, but the person is recognized for goal achieving and that specific moment, I feel even the process of ups and down should count. Celebrating dips, as dips are signals of us reaching closer to our goal should be introduced.

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Good article

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