Statements (52)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:logic
|
| gptkbp:appliesTo |
stochastic processes
|
| gptkbp:concerns |
decision making
maximizing expected reward |
| gptkbp:field |
gptkb:mathematics
gptkb:probability_theory |
| gptkbp:goal |
maximize expected payoff
|
| gptkbp:hasApplication |
gptkb:machine_learning
clinical trials decision theory game theory option pricing queueing theory sequential analysis risk management diagnosis inventory management resource allocation auction theory quality control job search search theory exploration-exploitation tradeoff real options analysis portfolio optimization hiring decisions investment timing bandit problems dating and marriage decisions optimal search |
| https://www.w3.org/2000/01/rdf-schema#label |
Optimal stopping theory
|
| gptkbp:notablePerson |
gptkb:John_G._Kemeny
gptkb:David_Blackwell gptkb:Herbert_Robbins gptkb:J._L._Doob |
| gptkbp:numberOfIssues |
gptkb:secretary_problem
American option pricing house-selling problem |
| gptkbp:originatedIn |
20th century
|
| gptkbp:relatedTo |
gptkb:secretary_problem
dynamic programming martingale theory Markov processes prophet inequality |
| gptkbp:studies |
when to stop a process
|
| gptkbp:usedIn |
economics
finance operations research statistics |
| gptkbp:bfsParent |
gptkb:Search_theory
gptkb:Secretary_problem |
| gptkbp:bfsLayer |
8
|