Optimal search from multiple distributions with infinite horizon
Accéder
Auteur(s)
Benkert, Jean-Michel
Accéder
Texte intégral indisponibleBeschreibung
With infinite horizon, optimal rules for sequential search from a known distribution feature a constant reservation value that is independent of whether recall of past options is possible. We extend this result to the the case when there are multiple distributions to choose from: it is optimal to sample from the same distribution in every period and to continue searching until a constant reservation value is reached.
Institution partenaire
Langue
English
Datum
2017
Le portail de l'information économique suisse
© 2016 Infonet Economy