Accession Number:

ADA065263

Title:

On a Simple Resource-Allocation Game.

Descriptive Note:

Technical note,

Corporate Author:

MASSACHUSETTS INST OF TECH LEXINGTON LINCOLN LAB

Personal Author(s):

Report Date:

1978-12-29

Pagination or Media Count:

19.0

Abstract:

A player is offered a finite set of numbers, one after another, each drawn at random from a known distribution. The player may choose a number when offered not knowing the future choices and thereby stop the game, whose value becomes the magnitude of the chosen number. The strategy by which the player decides how to choose a number to maximize the value of the game, is presented, and the game is generalized to the case in which it continues until the player has made n choices the value of the game then being the sum of the n numbers chosen. Author

Subject Categories:

  • Numerical Mathematics

Distribution Statement:

APPROVED FOR PUBLIC RELEASE