It's worth noting that the analysis (although not this specific algorithm) applies in cases where there is a deterministic approach, but a nondeterministic algorithm is faster.

For example, suppose you have some piece of hardware which you can interrogate, but not after it crashes. It crashes at a deterministic point. You can step it forward by any amount of steps, but only examine it's state if it did not crash. If it crashed, you have to go back to the start. (I call this situation "Finnegan Search", after the nursery rhyme which prominently features the line "poor old Finnegan had to begin again").

The deterministic algorithm has you do an examination after every step. The nondeterministic algorithm has you choose some number of steps, accepting the risk that you have to go back to the start. The optimal number of steps (and thus the choice of algorithm) depends on the ratio of the cost of examination to the cost of a step. It can be found analytically as the expected information gain per unit time.

(Either way the process is pretty annoying and considerable effort in hardware and software design has gone into providing ways to render it unnecessary, but it still crops up sometimes in embedded systems).