object in optimal stopping theory
C30703
concept
An object in optimal stopping theory is an abstract entity (such as a stochastic process, payoff function, or stopping rule) whose evolution or evaluation over time determines when it is best to stop observing and take an action to maximize expected reward or minimize expected cost.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| object of probability theory | 1 |
Instances (2)
| Instance | Via concept surface |
|---|---|
| Lévy processes | object of probability theory |
| Snell envelope | — |