Frank, Arthur Q.; Samuels, Stephen M. - In: Stochastic Processes and their Applications 10 (1980) 3, pp. 299-311
We study the problem of selecting one of the r best of n rankable individuals arriving in random order, in which selection must be made with a stopping rule based only on the relative ranks of the successive arrivals. For each r up to r=25, we give the limiting (as n--[infinity]) optimal risk...