Abstract
Given a renewal process {S n} n≥1 and a fixed terminal time T > 0, we want to find a strategy that maximizes the probability of stopping, without recall, at the last renewal up to T. We give a simple criterion to guarantee that the optimal strategy is of threshold type. This simple criterion is applied to several cases, including a problem of optimal stopping on patterns discussed in Bruss and Louchard (2003).
Original language | English |
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Pages (from-to) | 725-733 |
Number of pages | 9 |
Journal | Statistica Sinica |
Volume | 17 |
Issue number | 2 |
Publication status | Published - 2007 Apr 1 |
All Science Journal Classification (ASJC) codes
- Statistics and Probability
- Statistics, Probability and Uncertainty