15. Stopping

  1. Giovanni Parmigiani1 and
  2. Lurdes Y. T. Inoue2

Published Online: 1 DEC 2010

DOI: 10.1002/9780470746684.ch15

Decision Theory

Decision Theory

How to Cite

Parmigiani, G. and Inoue, L. Y. T. (2009) Stopping, in Decision Theory, John Wiley & Sons, Ltd, Chichester, UK. doi: 10.1002/9780470746684.ch15

Author Information

  1. 1

    Johns Hopkins University, Baltimore, USA

  2. 2

    University of Washington, Seattle, USA

Publication History

  1. Published Online: 1 DEC 2010
  2. Published Print: 17 APR 2009

Book Series:

  1. Wiley Series in Probability and Statistics

Book Series Editors:

  1. Walter A. Shewhart and
  2. Samuel S. Wilks

ISBN Information

Print ISBN: 9780471496571

Online ISBN: 9780470746684

SEARCH

Keywords:

  • Stopping - decision maker making observations one at a time;
  • revisitation of Wald's sequential Stopping theory;
  • motivating example;
  • Bayesian optimal stopping;
  • Bayes sequential procedure;
  • Bayes truncated procedure;
  • hypotheses testing;
  • example with equivalence between sequential and fixed sample size designs;
  • sequential sampling to reduce uncertainty;
  • stopping rule principle - Stopping rules and likelihood principle

Summary

This chapter contains sections titled:

  • Historical note

  • A motivating example

  • Bayesian optimal stopping

  • Examples

  • Sequential sampling to reduce uncertainty

  • The stopping rule principle

  • Exercises