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- W4232666619 abstract "Abstract Two variations of the problem of choosing the largest of N independent and identically distributed (iid) random variables with sampling cost are studied. In the first case it is assumed that the underlying distribution is continuous and known, but the information obtained by sampling is whether the sampled variable is larger or smaller than some given level. In the second case it is assumed that the distribution of the random variables is continuous but unknown, and the information obtained is the rank of the sampled variable relative to the other variables already in the sample. In each case both the optimal strategy and the distribution of the stopping variable are discussed." @default.
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- W4232666619 date "1981-12-01" @default.
- W4232666619 modified "2023-09-25" @default.
- W4232666619 title "Optimal Selection from a Finite Sequence with Sampling Cost" @default.
- W4232666619 doi "https://doi.org/10.2307/2287595" @default.
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