Heuristics are efficient cognitive processes that ignore information. In contrast to the widely
held view that less processing reduces accuracy, the study of heuristics shows that less …

The Secretary Problem and Its Extensions: A Review Page 1 International Statistical Review, 51
(1983), pp. 189-206. Longman Group Limited/Printed in Great Britain ? International Statistical …

Im Juni 2019 ist Prof. Lothar Sachs verstorben, ein Wegbereiter und Mentor für die
Anwendung statistischer Methoden in zahlreichen Gebieten. Er wurde 1929 in Berlin …

An exploration of how computer algorithms can be applied to our everyday lives to solve
common decision-making problems and illuminate the workings of the human mind. What …

In the end of Chapter I we have seen that the optimal stopping problem for a Markov process
X with the value function V is equivalent to the problem of finding the smallest …

In Martin Gardner's Mathematical Games column in the February 1960 issue of Scientific
American, there appeared a simple problem that has come to be known today as the …

Web personalization can achieve two business goals: increased advertising revenue and
increased sales revenue. The realization of the two goals is related to two kinds of user …

Along with conventional problems of statistics and probability, the-vestigation of problems
occurring in what is now referred to as stochastic theory of optimal control also started in the …

During the seven years that elapsed between the first and second editions of the present
book, considerable progress was achieved in the area of financial modelling and pricing of …

The secretary problem is probably the purest model of decision making under uncertainty. In
this paper we ask which advice can we give the algorithm to improve its success probability …