Easily determining which urns are 'favorable'

Gordon Simons

Statistics & Probability Letters, 1987, vol. 5, issue 1, 43-48

Abstract: The optimal sampling strategy for an urn, containing known numbers of plus and minus ones, can be simply described with the use of an empirically justified rule, based upon what appears to be a legitimate third-order asymptotic expansion of "the optimal stopping boundary" as the urn size goes to infinity performs exceedingly well. There is a known first-order asymptotic expansion due to Shepp. The reader is invited to try to justify a second-order asymptotic expansion of a type described by Chernoff and Petkau. The evidence presented in its support is very persuasive.

Keywords: optimal; stopping; asymptotic; expansions; stopping; boundary (search for similar items in EconPapers)
Date: 1987
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/0167-7152(87)90025-3
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:stapro:v:5:y:1987:i:1:p:43-48

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

Access Statistics for this article

Statistics & Probability Letters is currently edited by Somnath Datta and Hira L. Koul

More articles in Statistics & Probability Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().