Minimax Stopping Rules When the Underlying Distribution is Uniform
Abstract
An invariance-based method of obtaining the minimax stopping rule when sampling from an unknown uniform distribution is presented and applied to two problems, maximizing the probability of selecting the smallest observation and minimizing the expected quantile of the observation selected. In the first problem the minimax rules use only the relative ranks of the observations; in the second they are shown to achieve asymptotic risk. Except for a few small values of the sample size the minimax rules are the formal Bayes rules with respect to an improper a priori 'density' whose a posteriori density given the first two observations is proper.
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 25, 1979
- Accession Number
- ADA080387
Entities
People
- Stephen M. Samuels
Organizations
- Stanford University