Optimal cooperative stopping rules for maximization of the product of the expected stopped values

✍ Scribed by David Assaf; Ester Samuel-Cahn

• Publisher: Elsevier Science
• Year: 1998
• Tongue: English
• Weight: 561 KB
• Volume: 38
• Category: Article
• ISSN: 0167-7152
• DOI: 10.1016/s0167-7152(97)00158-2

✦ Synopsis

The problem of finding stopping rules which maximize (EXt)(EYt) is considered, for independent pairs (X,, Yi) of nonnegative r.v.s with known joint distribution. The solution is compared to that of maximizing E(Xt Yt). When (X,, Y,) are uniform, a detailed analysis is given for the maximization problem, and for the corresponding minimization and discounted infinite horizon problems. (~