Preprint
Last Success Problem: Decision Rule and Application
Where is the most likely position for the last success in n events, if each event has the same probability Pr(A)? What is the probability for the last success? This situation assumes returning successes which is different to the stop waiting problem where a single best event is assumed. We set F. Thomas Bruss's theory into a simple probability framework and develop a decision rule for the last success. The results are applied to the Apple share prices.
- Language
-
Englisch
- Classification
-
Wirtschaft
Miscellaneous Mathematical Tools
Money and Interest Rates: Forecasting and Simulation: Models and Applications
Financial Forecasting and Simulation
- Subject
-
Optimal Stopping Problem
Mathematical Tools
- Event
-
Geistige Schöpfung
- (who)
-
Kohn, Wolfgang
- Event
-
Veröffentlichung
- (who)
-
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (where)
-
Kiel und Hamburg
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Preprint
Associated
- Kohn, Wolfgang
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Time of origin
- 2014
Other Objects (12)
Stop Waiting Problem: Decision Rule with Ψ function and Application with Share Prices
Stability and Identification with Optimal Macroprudential Policy Rules
Safe Haven vs. Earnings Stripping Rules: a Prisoner Dilemma?
Hopf Bifurcation from new-Keynesian Taylor rule to Ramsey Optimal Policy
Entrepreneurial Resilience: Gleaning Valuable Insights from Start-up Failures for a Path to Success
Superstars in politics: the role of the media in the rise and success of Junichiro Koizumi
The Effect of Unexpected Chart Positions on the Firm Value of Music Labels. An Event Study of Album Success
Keynesian macroeconomics without the LM curve: IS-MP-IA model and Taylor rule applied to some CESEE economies
Aggregation with a double non-convex labor supply decision: indivisible private- and public-sector hours
Aggregation with a non-convex labor supply decision, unobservable effort, and reciprocity ("gift exchange") in labor relations
Funders-of-Last-Resort: Legal Issues Involved in Using Central Bank Balance Sheets to Bolster Economic Growth
Last of the Tai-Pans: Improving the Sustainability of Long-Term Financial Flows by Improving Hong Kong’s Corporate Governance
Stop Waiting Problem: Decision Rule with Ψ function and Application with Share Prices
Stability and Identification with Optimal Macroprudential Policy Rules
Safe Haven vs. Earnings Stripping Rules: a Prisoner Dilemma?
Hopf Bifurcation from new-Keynesian Taylor rule to Ramsey Optimal Policy
Entrepreneurial Resilience: Gleaning Valuable Insights from Start-up Failures for a Path to Success
Superstars in politics: the role of the media in the rise and success of Junichiro Koizumi
The Effect of Unexpected Chart Positions on the Firm Value of Music Labels. An Event Study of Album Success
Keynesian macroeconomics without the LM curve: IS-MP-IA model and Taylor rule applied to some CESEE economies
Aggregation with a double non-convex labor supply decision: indivisible private- and public-sector hours
Aggregation with a non-convex labor supply decision, unobservable effort, and reciprocity ("gift exchange") in labor relations
Funders-of-Last-Resort: Legal Issues Involved in Using Central Bank Balance Sheets to Bolster Economic Growth
Last of the Tai-Pans: Improving the Sustainability of Long-Term Financial Flows by Improving Hong Kong’s Corporate Governance
Stop Waiting Problem: Decision Rule with Ψ function and Application with Share Prices
Stability and Identification with Optimal Macroprudential Policy Rules
Safe Haven vs. Earnings Stripping Rules: a Prisoner Dilemma?
Hopf Bifurcation from new-Keynesian Taylor rule to Ramsey Optimal Policy
Entrepreneurial Resilience: Gleaning Valuable Insights from Start-up Failures for a Path to Success
Superstars in politics: the role of the media in the rise and success of Junichiro Koizumi
The Effect of Unexpected Chart Positions on the Firm Value of Music Labels. An Event Study of Album Success
Keynesian macroeconomics without the LM curve: IS-MP-IA model and Taylor rule applied to some CESEE economies
Aggregation with a double non-convex labor supply decision: indivisible private- and public-sector hours
Aggregation with a non-convex labor supply decision, unobservable effort, and reciprocity ("gift exchange") in labor relations
Funders-of-Last-Resort: Legal Issues Involved in Using Central Bank Balance Sheets to Bolster Economic Growth