The secretary problem with a call option (Q800824)
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scientific article; zbMATH DE number 3878666
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | The secretary problem with a call option |
scientific article; zbMATH DE number 3878666 |
Statements
The secretary problem with a call option (English)
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1984
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In addition to accepting or rejecting a candidate arriving at time r, we may consider purchasing an option at a cost cx to recall the candidate at time \(r+x\), but this privilege may be invoked only once. For large sample size, using the best-choice criterion and deducing option costs, the optimal strategy and return are obtained.
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secretary problem
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recall
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best-choice criterion
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optimal strategy
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