Behaviorally consistent optimal stopping rules (Q2277349)
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scientific article; zbMATH DE number 4197690
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| English | Behaviorally consistent optimal stopping rules |
scientific article; zbMATH DE number 4197690 |
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Behaviorally consistent optimal stopping rules (English)
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1990
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The authors characterize behaviorally consistent optimal stopping rules in a bounded sequential search model without recalls for searchers whose preferences are nonlinear. They show that the preferences are quasiconvex then the optimal stopping rule has the reservation level property, and that if the preferences are quasiconcave then the optimal behavior involves the use of mixed strategies.
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behaviorally consistent optimal stopping rules
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bounded sequential search
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reservation level property
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0.90893114
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0.8907993
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0.8904724
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0.8874146
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