Full-information best choice game with hint (Q2009175)
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scientific article; zbMATH DE number 7137164
| Language | Label | Description | Also known as |
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| default for all languages | No label defined |
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| English | Full-information best choice game with hint |
scientific article; zbMATH DE number 7137164 |
Statements
Full-information best choice game with hint (English)
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27 November 2019
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The author considers a modification of the classical full-information best choice problem in the context of Markov decision processes where a decision maker aims to select the best opportunity based only on the exact values of the observed sequence. The modification is adding a second player who can either propose additional information or block the observed object and demand an extortion. An optimal reward for the second player and the best moment to interrupt the decision process has been obtained and the situation when the number of observations tends to infinity has been studied.
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optimal stopping
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best choice problem
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matrix game
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Markov chain
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threshold strategy
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0.8596022725105286
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0.8147985935211182
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