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Econometrica
Article
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zbMATH Open
Article
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DSpace@MIT
Research . 1978
Full-Text: https://mit-dspace.eks.prod.4science.cloud/bitstreams/aadfb4ca-8ef9-4aaf-ab8d-1422cd035c20/download
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External research report . 1978
Full-Text: https://mit-dspace.eks.prod.4science.cloud/bitstreams/53ba0aeb-c975-4919-a0d9-1b5a760c6919/download
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https://doi.org/10.2172/679553...
Report . 1978
Data sources: Crossref
Econometrica
Article . 1979 . Peer-reviewed
Data sources: Crossref
https://dx.doi.org/10.2307/191...
Article
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https://dx.doi.org/10.2307/191...
Article
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Optimal search for the best alternative

descriptionPublicationkeyboard_double_arrow_right Report , Article , Research , External research report 01 May 1978 United States Publisher:Office of Scientific and Technical Information (OSTI)Journal:Econometrica, volume 47, page 641 (issn: 0012-9682, Copyright policy )
Authors: Weitzman, Martin Lawrence.;

doi: 10.2172/6795538 , 10.2307/1910412

handle: 1721.1/63930 , 1721.1/31303

Optimal search for the best alternative

Abstract

This paper completely characterizes the solution to the problem of searching for the best outcome from alternative sources with different properties. The optimal strategy is an elementary reservation price rule, where the reservation prices are easy to calculate and have an intuitive economic interpretation.

Country
United States
Related Organizations
Keywords

optimal search, Search theory., Mathematical economics, elementary reservation price rule, economic search problems, Search theory

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    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    		 839
    popularity
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    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
839
Top 0.1%
Top 0.1%
Top 10%
hybrid