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Full vs. no information best choice game with finite horizon
Let us consider two companies A and B. Both of them are interested in buying
a set of some goods. The company A is a big corporation and it knows the actual
value of the good on the market and is able to observe the previous values of
them. The company B has no information about the actual value of the good but
it can compare the actual position of the good on the market with the previous
position of the good offered. Both of the players want to choose the very best
object overall. The recall is not allowed. The number of the objects is fixed
and finite. One can think about these two types of buyers a business customer
vs. an individual customer. The mathematical model of the competition between
them is presented and the solution is defined and constructed.Comment: Submitted to: Stochastic Operations Research in Business and Industry
(eds. by Tadashi Dohi, Katsunori Ano and Shoji Kasahara), World Scientific
Publishe
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