Optimal stopping in a stochastic game

B. Kaynar

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

In this article we consider a stochastic game in which each player draws one or two random numbers between 0 and 1. Players can decide to stop after the first draw or to continue for a second draw. The decision is made without knowing the other players' numbers or whether the other players continue for a second draw. The object of the game is to have the highest total score without going over 1. In the article, we will characterize the optimal stopping rule for each player. © 2009 Cambridge University Press.
Original languageEnglish
Pages (from-to)51-60
JournalProbability in the Engineering and Informational Sciences
Volume23
DOIs
Publication statusPublished - 2009

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