Statements (27)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:mathematical_concept
|
| gptkbp:appliesTo |
Economics
Finance Statistics Operations research |
| gptkbp:describes |
Problem of choosing a time to take a particular action to maximize expected reward or minimize expected cost
|
| gptkbp:example |
gptkb:Secretary_problem
Option pricing Gambling problem House selling problem |
| gptkbp:field |
gptkb:Probability_theory
Statistics Decision theory |
| gptkbp:hasConcept |
Optimal policy
Stopping time Filtration Expected value Payoff function |
| gptkbp:hasMathematicalFormulation |
Maximize expected value of a sequence of random variables by choosing a stopping time
|
| gptkbp:hasSolutionMethod |
Dynamic programming
Backward induction |
| https://www.w3.org/2000/01/rdf-schema#label |
Optimal stopping problem
|
| gptkbp:relatedTo |
gptkb:Secretary_problem
gptkb:Prophet_inequality Markov chain |
| gptkbp:bfsParent |
gptkb:Secretary_problem
|
| gptkbp:bfsLayer |
8
|