Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:mathematical_concept
|
| gptkbp:alsoKnownAs |
Stopping rule
Stopping time |
| gptkbp:application |
Economics
Finance Operations research |
| gptkbp:defines |
Rules for choosing the time to take a particular action to maximize expected reward or minimize expected cost
|
| gptkbp:field |
gptkb:Probability_theory
Statistics Decision theory |
| gptkbp:form |
Maximize expected value of a stochastic process by choosing a stopping time
|
| https://www.w3.org/2000/01/rdf-schema#label |
Optimal Stopping Rules
|
| gptkbp:notableExample |
gptkb:Gambler's_ruin_problem
gptkb:House-selling_problem gptkb:Secretary_problem |
| gptkbp:relatedTo |
gptkb:Secretary_problem
Stochastic processes |
| gptkbp:usedIn |
gptkb:Search_theory
Clinical trials Option pricing Sequential analysis |
| gptkbp:bfsParent |
gptkb:Albert_Shiryaev
|
| gptkbp:bfsLayer |
6
|