A persistency problem connected with a point process
- 1 November 1967
- journal article
- Published by Cambridge University Press (CUP) in Journal of Applied Probability
- Vol. 4 (1) , 77-89
- https://doi.org/10.2307/3212300
Abstract
Imagine a man owning a commodity, e.g., a house, which is for sale. Offers at varying amounts are coming in every now and then. The longer he postpones selling the more he loses because of deterioration, interest losses, or the like. At each offer he must decide whether to accept it or wait for a better one. (A more picturesque example would be that of a girl scrutinizing successive suitors.)Keywords
This publication has 3 references indexed in Scilit:
- On Optimal StoppingThe Annals of Mathematical Statistics, 1966
- The Economics of Information and Optimal Stopping RulesThe Journal of Business, 1965
- Optimal Persistence PoliciesOperations Research, 1960