Recognising the Last Record of a Sequence
Probability
2007-05-23 v1
Abstract
We study the best-choice problem for processes which generalise the process of records from Poisson-paced i.i.d. observations. Under the assumption that the observer knows distribution of the process and the horizon, we determine the optimal stopping policy and for a parametric family of problems also derive an explicit formula for the maximum probability of recognising the last record.
Keywords
Cite
@article{arxiv.math/0602278,
title = {Recognising the Last Record of a Sequence},
author = {Alexander Gnedin},
journal= {arXiv preprint arXiv:math/0602278},
year = {2007}
}