Under independence and invariance, optimal sequential search is equivalent to a ranking over feasible actions, enabling simpler and unified empirical implementation of these models.
So far, we have finished computing the probabilities of the unselected actions of the ranking conditions, which include unrealized discovery, reservation, and purchase values
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A Ranking Representation of Optimal Sequential Search
Under independence and invariance, optimal sequential search is equivalent to a ranking over feasible actions, enabling simpler and unified empirical implementation of these models.