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Let ([Pi]t) be a counting process on + with the property that for any t, T with 0[less-than-or-equals, slant]t[less-than-or-equals, slant]T the distribution of [Pi]T given the past t is Pascal (negative binomial) with one parameter being [Pi]t+1 and the probability parameter depending only on t...
Persistent link: https://www.econbiz.de/10008873166
We consider optimal selection problems, where the number N1 of candidates for the job is random, and the times of arrival of the candidates are uniformly distributed in [0, 1]. Such best choice problems are generally harder than the fixed-N counterparts, because there is a learning process going...
Persistent link: https://www.econbiz.de/10008874880