Characterization of the monotone case for a best choice problem with a random number of objects

A class of distributions of N is characterized for a full-information best choice problem with a random number of objects N for which the so-called monotone case occurs. This class is shown to be a subclass of IFR distributions.

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Year of publication:	2002
Authors:	Porosinski, Zdzislaw
Published in:	Statistics & Probability Letters. - Elsevier, ISSN 0167-7152. - Vol. 56.2002, 4, p. 419-423
Publisher:	Elsevier
Keywords:	Best choice problem Optimal stopping Monotone case IFR distributions

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005074770