Optimization algorithms and methods | Statistical algorithms | Optimal decisions

Odds algorithm

The odds algorithm (or Bruss algorithm) is a mathematical method for computing optimal strategies for a class of problems that belong to the domain of optimal stopping problems. Their solution follows from the odds strategy, and the importance of the odds strategy lies in its optimality, as explained below. The odds algorithm applies to a class of problems called last-success problems. Formally, the objective in these problems is to maximize the probability of identifying in a sequence of sequentially observed independent events the last event satisfying a specific criterion (a "specific event"). This identification must be done at the time of observation. No revisiting of preceding observations is permitted. Usually, a specific event is defined by the decision maker as an event that is of true interest in the view of "stopping" to take a well-defined action. Such problems are encountered in several situations. (Wikipedia).

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Introduction to Odds Lesson

This video provides an introductory lesson with several examples for odds. http://mathispower4u.com

From playlist Probability

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From playlist Contests and Sweepstakes odds

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From playlist Probability

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How to Calculate the Odds of Winning the Lottery

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From playlist How to Calculate Permutations and Combinations

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Odds Ratios and Log(Odds Ratios), Clearly Explained!!!

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From playlist StatQuest

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Ex: Determine Probability Given Odds

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From playlist Probability

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From playlist PreCalculus

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Please Subscribe here, thank you!!! https://goo.gl/JQ8Nys The Probability of Selecting Two Aces in a Row using the Multiplication Rule.

From playlist Probability and Counting

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From playlist Probability

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From playlist Math Minutes

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From playlist Computer - Cryptography and Network Security

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Lec 18 | MIT RES.6-008 Digital Signal Processing, 1975

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From playlist MIT RES.6-008 Digital Signal Processing, 1975

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Stanford Lecture: Donald Knuth—"Universal Commafree Codes" (2015)

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Lec 19 | MIT RES.6-008 Digital Signal Processing, 1975

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From playlist MIT RES.6-008 Digital Signal Processing, 1975

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From playlist MIT 6.006 Introduction to Algorithms, Fall 2011

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From playlist Lecture Collection | The Fourier Transforms and Its Applications

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From playlist Fourier

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Probability vs Odds

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From playlist Algebra 2

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From playlist Decision Maths 1 OCR Exam Board (A-Level tutorials)

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