Mathematics for Economists
greg delong
(Greg DeLong)
2019-08-06 00:52:35 UTC
#1
Optimal stopping
The optimal exercise boundary is
α 3 = 0 ,α 2 =
1
4 ,α^1 =
17
64
The gains from these periods
1
2
,^17
16
= 1 , 0625 ,^4385
2048
= 2 , 1411
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