Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Jul, 1985, Volume 53, Issue 4

Optimal Search

https://www.jstor.org/stable/1912661
p. 923-944

Peter Morgan, Richard Manning

This paper presents general results on the existence and properties of expected-utility-maximizing search rules for problems in which searchers may choose both the number of periods in which samples are taken and the size of the sample taken in each period. These rules include fixed-sample-size rules and sequential rules as special cases. Also presented are conditions sufficient for sequential and fixed-sample-size rules to be optimal.


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