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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Optimal search from multiple distributions with infinite horizon |
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| Institution | University of Zurich |
| Series Name | Working paper series / Department of Economics |
| Number | 262 |
| ISSN | 1664-7041 |
| Number of Pages | 13 |
| Date | 2017 |
| Abstract Text | With infinite horizon, optimal rules for sequential search from a known distribution feature a constant reservation value that is independent of whether recall of past options is possible. We extend this result to the the case when there are multiple distributions to choose from: it is optimal to sample from the same distribution in every period and to continue searching until a constant reservation value is reached. |
| Official URL | http://www.econ.uzh.ch/static/wp/econwp262.pdf |
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| Keywords | Optimal search, search intensity, infinite horizon, recall, Sequenzielle Suche, Unendliches Spiel, Wahrscheinlichkeitsverteilung, Rückforderung |
| Additional Information | Revised version |