Abstract:Prophet inequalities for rewards maximization are fundamental results from optimal stopping theory with several applications to mechanism design and online optimization. We study the cost minimization counterpart of the classical prophet inequality due to Krengel, Sucheston, and Garling [KS77], where one is facing a sequence of costs X 1 , X 2 , . . . , X n in an online manner and must "stop" at some point and take the last cost seen. 1 Given that the X i 's are independent random variables drawn from known di… Show more
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