Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/97215
Authors: 
Kohn, Wolfgang
Year of Publication: 
2014
Abstract: 
Where is the most likely position for the last success in n events, if each event has the same probability Pr(A)? What is the probability for the last success? This situation assumes returning successes which is different to the stop waiting problem where a single best event is assumed. We set F. Thomas Bruss's theory into a simple probability framework and develop a decision rule for the last success. The results are applied to the Apple share prices.
Subjects: 
Optimal Stopping Problem
Mathematical Tools
JEL: 
C65
E47
G17
Document Type: 
Preprint

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