Seminars & Colloquia Calendar

Download as iCal file

Experimental Mathematics Seminar

Experimental "Solutions" to Select Stopping Problems 

Richard Voepel, Rutgers University

Location:  Hill 705
Date & time: Thursday, 19 April 2018 at 5:00PM - 5:48PM

Abstract:   In the realm of statistics and economics, there are several important problems that can be described as stopping problems; a kind of decision problem where an actor must observe some sequence of random variables, and based on observations of those variables implement a stopping rule (often gaining some reward based on observations). The gold standard for "solving" these stopping problems is providing a stopping rule for maximizing expected gains or minimizing expected losses, but such a stopping rule need not be the "best" rule depending on context. In this talk we will introduce stopping problems by way of a classical example of coin flipping, and explore the role of experimental mathematics in the construction of a family of stopping rules for the problem of Shepp's Urn. 

Special Note to All Travelers

Directions: map and driving directions. If you need information on public transportation, you may want to check the New Jersey Transit page.

Unfortunately, cancellations do occur from time to time. Feel free to call our department: 848-445-6969 before embarking on your journey. Thank you.