Assaf, David; Goldstein, Larry; Samuel-Cahn, Ester - Center for the Study of Rationality, Hebrew University … - 2002
Let Xn, . . . ,X1 be i.i.d. random variables with distribution function F. A statistician, knowing F, observes the X values sequentially and is given two chances to choose X’s using stopping rules. The statistician’s goal is to stop at a value of X as small as possible. Let V^2 equal the...