On best choice problems having similar solutions
The purpose of the paper is to point out that best choice problems with different information structure may have similar solutions. A full-information best choice problem with a random number of objects having uniform distribution is considered. An optimal stopping rule, determined by decreasing sequence of levels, is found. Asymptotic behaviour of both an optimal stopping rule and a winning probability is examined in detail. Both the sequence of optimal levels determining optimal strategies and asymptotic winning probabilities are the same in the considered problem as well as in a best choice problem with partial information considered by Petruccelli (Ann. Statist. 8 (1980) 1171-1174).
Year of publication: |
2002
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Authors: | Porosinski, Zdzislaw |
Published in: |
Statistics & Probability Letters. - Elsevier, ISSN 0167-7152. - Vol. 56.2002, 3, p. 321-327
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Publisher: |
Elsevier |
Subject: | Best choice problem Optimal stopping |
Saved in:
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