Another Optimal Stopping Problem
Expert InsightsPublished 1967
An algorithm for determining when an experimenter should stop taking observations in order to maximize his net return (the difference between reward and costs). Reward is proportional to the largest observation, cost is proportional to number of observations, and the observations are drawn from a rectangular distribution whose parameter is a priori rectangularly distributed.
Document Details
- Copyright: RAND Corporation
- Availability: Web Only
- Year: 1967
- Pages: 10
- DOI: https://doi.org/10.7249/pubs
- Document Number: P-3635
Citation
RAND Style Manual
Brown, Thomas A., Another Optimal Stopping Problem, RAND Corporation, P-3635, 1967. As of July 10, 2026: https://www.rand.org/pubs/papers/P3635.html
Chicago Manual of Style
Brown, Thomas A., Another Optimal Stopping Problem. Santa Monica, CA: RAND Corporation, 1967. https://www.rand.org/pubs/papers/P3635.html.
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