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In the classical version of the Bayesian quickest change detection problem proposed by Shiryaev in the nineteen sixties, there is a sequence of observations whose distribution changes at a random time, and the goal is to minimize the average detection delay, subject to a constraint on the probability of false alarm. We consider this quickest change detection problem with an additional constraint on...
Choosing among alternatives is a basic decision problem faced by people in all aspects of life, whether individually or collectively. Results in cognitive science suggest that people perform approximately Bayes-optimal decision making but that cognitive limitations require the coarse categorization of ensembles of problems rather than the application of optimal decision rules on a problem-by-problem...
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