An optimal strategy for maximizing the expected real-estate selling price: accept or reject an offer?

DOI10.1080/15598608.2012.737297zbMath1423.62132OpenAlexW3123111518MaRDI QIDQ2320867

Ričardas Zitikis, Luis Fuentes García, Martín Egozcue

Publication date: 27 August 2019

Published in: Journal of Statistical Theory and Practice (Search for Journal in Brave)

Full work available at URL: https://mpra.ub.uni-muenchen.de/40694/1/MPRA_paper_40694.pdf

zbMATH Keywords

uncertaintyoptimal strategydecision theoryreal estatetwo-envelope problem

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05) Microeconomic theory (price theory and economic markets) (91B24) Marketing, advertising (90B60) General considerations in statistical decision theory (62C05)

Related Items (2)

The two-envelope problem for general distributions ⋮ Optimal two-stage pricing strategies from the seller's perspective under the uncertainty of buyer's decisions

Cites Work

• Unnamed Item
• Asking price and price discounts: the strategy of selling an asset under price uncertainty
• Weighted premium calculation principles
• The covariance sign of transformed random variables with applications to economics and finance
• Gain from the two-envelope problem via information asymmetry: on the suboptimality of randomized switching
• Randomized switching in the two-envelope problem
• Predicting a house's selling price through inflating its previous selling price
• Optimal Strategies for Selling an Asset
• A Bayesian Approach to a Generalized House Selling Problem
• The house-selling problem with reward rate criterion
• Some Concepts of Dependence

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