Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/93096
Authors: 
Kohn, Wolfgang
Year of Publication: 
4-Mar-2014
Abstract: 
In this paper the stop-waiting strategy of Franz Bruss is set into a simple probabilistic framework and applied to the apple share prices from 1984 to 2013. Within the probabilistic framework a heuristic and a mathematical decision rule using the $\Psi$ function is developed. The results are in line with Bruss's theory. We apply the stop-waiting strategy to the Apple share prices and compare the results with a simple start-end and chart technique strategy.
Subjects: 
Optimal Stopping Problem
Mathematical Tools
Share Market
JEL: 
C65
E47
G17
Document Type: 
Preprint

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