Sequential selection procedures. A decision theoretic approach (Q794084)
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English | Sequential selection procedures. A decision theoretic approach |
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Sequential selection procedures. A decision theoretic approach (English)
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1984
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Let \(\pi_ 1,\pi_ 2,...,\pi_ k\) be given populations which are associated with unknown real parameters \(\theta_ 1,\theta_ 2,...,\theta_ k\) from a common underlying exponential family \({\mathcal F}\). Let the goal be to select a subset (of random or fixed size) of good populations (i.e. those which have large parameters). In this paper, the authors have studied sequential procedures for this problem in a general framework covering the control and noncontrol, elimination and nonelimination, truncated and open sequential settings. They have derived their results under a Bayesian approach with symmetric priors and have used the concepts of backward induction and decrease in transposition.
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permutation invariant sequential selection procedures
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exponential family
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symmetric priors
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backward induction
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decrease in transposition
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