Content deleted Content added
m on-line -> in real time. One of the few times this is actually the right word to use |
2nd Paragraph: You will kindly forgive my having expunged an expression I regard as obscenely obnoxious |
||
Line 4:
The odds-algorithm applies to a class of problems called ''last-success''- problems. Formally the objective is to maximize the probability of identifying in a
sequence of sequentially observed independent events a last specific event. This identification must be done
event is defined by the decision maker as an event which is of true interest to her/him in the view of "stopping"
in order to take
| |||