Journal of Applied Probability · 1996 · 48 citations · 6 references
EngineeringMathematicsDecision TheoryProbability TheoryStochastic ProcessesMarkov ProcessesOptimal StoppingPoisson ProcessesSequential Decision-makingStopping TimesLimiting ConditionsOptimal Stopping RulesOptimal Stopping Under Partial InformationPoisson Process Models
We introduce the optimal stopping problem of an infinite sequence of records associated with a planar Poisson process. This problem serves as a limiting form of the classical full information best-choice problem. A link between the finite problem and its limiting form is established via embedding n i.i.d. observations into the planar process.
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