Secretary Problem
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High Quality Content by WIKIPEDIA articles! The secretary problem (more precisely, the classical secretary problem) is an optimal stopping problem that has been studied extensively in the fields of applied probability, statistics, and decision theory. It is also known as the marriage problem, the sultan's dowry problem, the fussy suitor problem, the googol game, and the best choice problem. Clearly, since the objective in the problem is to select the single best applicant, only candidates will be considered for acceptance. One reason why the secretary problem has received so much attention is…mehr

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High Quality Content by WIKIPEDIA articles! The secretary problem (more precisely, the classical secretary problem) is an optimal stopping problem that has been studied extensively in the fields of applied probability, statistics, and decision theory. It is also known as the marriage problem, the sultan's dowry problem, the fussy suitor problem, the googol game, and the best choice problem. Clearly, since the objective in the problem is to select the single best applicant, only candidates will be considered for acceptance. One reason why the secretary problem has received so much attention is that the optimal policy for the problem (the stopping rule) has a surprising feature.