## Optimal search with learning |

### What people are saying - Write a review

We haven't found any reviews in the usual places.

### Common terms and phrases

Appendix Assumption 2 implies beta distribution Christensen 1983 comparative static results convex combination cost under F DeGroot denote Dirichlet distribution Dirichlet process distribution of F distribution with parameter distributions on R+ distributions which satisfy dominates E[G empirical distribution Example exists an optimal expected prior distribution exponential distribution F and G F dominates G F is increasing F satisfies Ferguson finite variance first-order stochastic dominance G be random gamma distribution independent increments process Lemma Let F min{m minimum expected cost optimal reservation price optimal stopping rule optimal to stop Pareto distribution posterior distribution posterior probability previous observations price sample prices observed probability measures Proof random distribution function random probability distribution reservation price property reservation price rule reservation property right distributions Rosenfield and Shapiro Rothschild 1974 rule for search satisfies Assumption search with recall search without recall searcher second-order stochastic dominance sufficient conditions Suppose that F Theorem weak convergence