Arbeitspapier
Optimal search from multiple distributions with infinite horizon
With infinite horizon, optimal rules for sequential search from a known distribution feature a constant reservation value that is independent of whether recall of past options is possible. We extend this result to the the case when there are multiple distributions to choose from: it is optimal to sample from the same distribution in every period and to continue searching until a constant reservation value is reached.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 262
- Classification
-
Wirtschaft
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- Subject
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Optimal Search
Search Intensity
Infinite Horizon
Recall
- Event
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Geistige Schöpfung
- (who)
-
Benkert, Jean-Michel
Letina, Igor
Nöldeke, Georg
- Event
-
Veröffentlichung
- (who)
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University of Zurich, Department of Economics
- (where)
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Zurich
- (when)
-
2017
- DOI
-
doi:10.5167/uzh-139697
- Handle
- Last update
-
10.03.2025, 11:43 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
- Arbeitspapier
Associated
- Benkert, Jean-Michel
- Letina, Igor
- Nöldeke, Georg
- University of Zurich, Department of Economics
Time of origin
- 2017
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