Mathematics for Economists

(Greg DeLong) #1

Optimal stopping


S =





xj( 1 +r)xxF(x)+

Z ∞

x

wdF(w)




=


=





xjrxx(F(x) 1 )+

Z∞
x

wdF(w)




=


=





xjrx

Z∞
x

(wx)dF(w)




.

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