Wald Equation for Discounted Sums. Suppose that ?0, ?1,… are costs incurred at discrete times and.

Wald Equation for Discounted Sums. Suppose that ξ0, ξ1,… are costs incurred at discrete times and they are i.i.d. with mean μ. Consider the discounted cost process is a discount Brownian Motion factor. Suppose that τ is a stopping time of the process ξn such that E[τ]  

Don't use plagiarized sources. Get Your Custom Essay on
Wald Equation for Discounted Sums. Suppose that ?0, ?1,… are costs incurred at discrete times and.
Just from $13/Page
Order Essay