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A new Secretary Problem is considered, where for fixed k and m one wins if at some time i = m(j .. 1) + 1 up to jm one selects one of the j best items among the first jm items, j = 1,...,k. Selection is based on relative ranks only. Interest lies in small k values, such as k = 2 or 3. This is...
Persistent link: https://www.econbiz.de/10010813841
A version of a secretary problem is considered: Let X<sub>j</sub>, j = 1,...,n be i.i.d. random variables. Like in the classical secretary problem the optimal stopper only observes Y<sub>j</sub> = 1, if X<sub>j</sub> is a (relative) record, and Y<sub>j</sub> = 0, otherwise. The actual X<sub>j</sub>-values are not revealed. The goal is to maximize...
Persistent link: https://www.econbiz.de/10005585377