Crisp Reading Notes on Latest Technology Trends and Basics

Optimal Stopping Time

The notes here optimal_secretaries summarize two problems

  1. How to optimize one’s chance of getting the best out of a finite pool when one has to make an instant decision after every observation, and one does not have an idea of what is coming from the pool.
  2. How to maximize the chance of cashing in on the last occurrence of an  event, and get a favorable exit from a given situation

References

  1. http://en.wikipedia.org/wiki/Secretary_problem
  2. http://en.wikipedia.org/wiki/Odds_algorithm
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