##Statistics Seminar##\\ Department of Mathematical Sciences
^ **DATE:**|Thursday, December 5, 2019 |
^ **TIME:**|1:15pm -- 2:15pm |
^ **LOCATION:**|WH 100E |
^ **SPEAKER:**|Shaofei Zhao, Binghamton University |
^ **TITLE:**|Job search problem and its extension. |
\\
**Abstract**
Job search problem, or the secretary problem is one application
of the optimal stopping problem, and the optimal stopping strategy is for a
given sample size n, we pass over the first k offers, and stop at the first
offer which is better than all the preceding ones. Here k/n is
approximately 1/e. However in reality we don't always know the sample size
in advance, but can assume it's a random variable follows certain
distribution. We find the optimal stopping strategy in this situation.