Last Success Problem : Decision Rule and Application

Where is the most likely position for the last success in n events, if each event has the same probability Pr(A)? What is the probability for the last success? This situation assumes returning successes which is different to the stop waiting problem where a single best event is assumed. We set F. Thomas Bruss's theory into a simple probability framework and develop a decision rule for the last success. The results are applied to the Apple share prices

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Year of publication:	2014
Authors:	Kohn, Wolfgang
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Entscheidung \| Decision

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Extent:	1 Online-Ressource (8 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 23, 2014 erstellt
Other identifiers:	10.2139/ssrn.2441250 [DOI]
Classification:	C65 - Miscellaneous Mathematical Tools ; E47 - Forecasting and Simulation ; G17 - Financial Forecasting
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013053555