Easily determining which urns are 'favorable' (Q1819512)
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English | Easily determining which urns are 'favorable' |
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Easily determining which urns are 'favorable' (English)
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1987
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The optimal sampling strategy for an urn, containing known numbers of plus and minus ones, can be simply described with the use of an empirically justified rule, based upon what appears to be a legitimate third-order asymptotic expansion of ''the optimal stopping boundary'' as the urn size goes to infinity. The rule performs exceedingly well. There is a known first-order asymptotic expansion due to \textit{L. A. Shepp} [Ann. Math. Stat. 40, 993-1010 (1969; Zbl 0177.223)]. The reader is invited to try to justify a second-order asymptotic expansion of a type described by \textit{H. Chernoff} and \textit{H. J. Petkau} [Ann. Probab. 4, 875-889 (1976; Zbl 0347.62064)]. The evidence presented in its support is very persuasive.
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optimal sampling strategy
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third-order asymptotic expansion
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optimal stopping boundary
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