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seminars:stat:191205

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.

seminars/stat/191205.txt · Last modified: 2019/12/01 14:49 by qyu