An optimal choice problem for uniform random variables seen simultaneously or sequentially with availability depending on the observation

R. Lee

Statistics & Probability Letters, 2004, vol. 66, issue 1, 1-8

Abstract: We consider an optimal stopping problem of minimizing the expected value for i.i.d. uniform random variables with uncertainty of selection and probabilistic recall of observations depending only on the value of the observation. We find limits and rates of convergence of the value sequence for different examples of these recall probabilities.

Keywords: Secretary; problem; Uncertainty; of; selection; Backward; solicitation (search for similar items in EconPapers)
Date: 2004
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