The Secretary Problem of Minimizing Expected Rank: A Simple Suboptimal Approach with Generalizations

Abba M. Krieger and Ester Samuel-Cahn

Discussion Paper Series from The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem

Abstract: The secretary problem for selecting one item so as to minimize its expected rank, based on observing the relative ranks only, is revisited. A simple suboptimal rule, which performs almost as well as the optimal rule, is given. The rule stops with the smallest i such that Ri

Pages: 28 pages
Date: 2009-01
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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