Under independence and invariance, optimal sequential search is equivalent to a ranking over feasible actions, enabling simpler and unified empirical implementation of these models.
Sincevi j′ >v i j, it must also hold thatv i j′ >y i j′ becausey i j′ ≤v i j
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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.