{"date_published":"2022-09-28T00:00:00Z","type":"preprint","project":[{"grant_number":"863818","name":"Formal Methods for Stochastic Models: Algorithms and Applications","_id":"0599E47C-7A3F-11EA-A408-12923DDC885E","call_identifier":"H2020"}],"_id":"12677","year":"2022","publication_status":"submitted","main_file_link":[{"open_access":"1","url":" https://doi.org/10.48550/arXiv.2209.14368"}],"article_number":"2209.14368","status":"public","author":[{"first_name":"Krishnendu","last_name":"Chatterjee","orcid":"0000-0002-4561-241X","full_name":"Chatterjee, Krishnendu","id":"2E5DCA20-F248-11E8-B48F-1D18A9856A87"},{"id":"4363614d-b686-11ed-a7d5-ac9e4a24bc2e","first_name":"Mona","last_name":"Mohammadi","full_name":"Mohammadi, Mona"},{"first_name":"Raimundo J","last_name":"Saona Urmeneta","orcid":"0000-0001-5103-038X","full_name":"Saona Urmeneta, Raimundo J","id":"BD1DF4C4-D767-11E9-B658-BC13E6697425"}],"article_processing_charge":"No","abstract":[{"lang":"eng","text":"In modern sample-driven Prophet Inequality, an adversary chooses a sequence of n items with values v1,v2,…,vn to be presented to a decision maker (DM). The process follows in two phases. In the first phase (sampling phase), some items, possibly selected at random, are revealed to the DM, but she can never accept them. In the second phase, the DM is presented with the other items in a random order and online fashion. For each item, she must make an irrevocable decision to either accept the item and stop the process or reject the item forever and proceed to the next item. The goal of the DM is to maximize the expected value as compared to a Prophet (or offline algorithm) that has access to all information. In this setting, the sampling phase has no cost and is not part of the optimization process. However, in many scenarios, the samples are obtained as part of the decision-making process.\r\nWe model this aspect as a two-phase Prophet Inequality where an adversary chooses a sequence of 2n items with values v1,v2,…,v2n and the items are randomly ordered. Finally, there are two phases of the Prophet Inequality problem with the first n-items and the rest of the items, respectively. We show that some basic algorithms achieve a ratio of at most 0.450. We present an algorithm that achieves a ratio of at least 0.495. Finally, we show that for every algorithm the ratio it can achieve is at most 0.502. Hence our algorithm is near-optimal."}],"citation":{"ista":"Chatterjee K, Mohammadi M, Saona Urmeneta RJ. Repeated prophet inequality with near-optimal bounds. arXiv, 2209.14368.","mla":"Chatterjee, Krishnendu, et al. “Repeated Prophet Inequality with Near-Optimal Bounds.” <i>ArXiv</i>, 2209.14368, doi:<a href=\"https://doi.org/10.48550/ARXIV.2209.14368\">10.48550/ARXIV.2209.14368</a>.","chicago":"Chatterjee, Krishnendu, Mona Mohammadi, and Raimundo J Saona Urmeneta. “Repeated Prophet Inequality with Near-Optimal Bounds.” <i>ArXiv</i>, n.d. <a href=\"https://doi.org/10.48550/ARXIV.2209.14368\">https://doi.org/10.48550/ARXIV.2209.14368</a>.","apa":"Chatterjee, K., Mohammadi, M., &#38; Saona Urmeneta, R. J. (n.d.). Repeated prophet inequality with near-optimal bounds. <i>arXiv</i>. <a href=\"https://doi.org/10.48550/ARXIV.2209.14368\">https://doi.org/10.48550/ARXIV.2209.14368</a>","ama":"Chatterjee K, Mohammadi M, Saona Urmeneta RJ. Repeated prophet inequality with near-optimal bounds. <i>arXiv</i>. doi:<a href=\"https://doi.org/10.48550/ARXIV.2209.14368\">10.48550/ARXIV.2209.14368</a>","ieee":"K. Chatterjee, M. Mohammadi, and R. J. Saona Urmeneta, “Repeated prophet inequality with near-optimal bounds,” <i>arXiv</i>. .","short":"K. Chatterjee, M. Mohammadi, R.J. Saona Urmeneta, ArXiv (n.d.)."},"day":"28","acknowledgement":"This research was partially supported by the ERC CoG 863818 (ForM-SMArt) grant.","external_id":{"arxiv":["2209.14368"]},"publication":"arXiv","department":[{"_id":"GradSch"},{"_id":"KrCh"}],"title":"Repeated prophet inequality with near-optimal bounds","user_id":"2DF688A6-F248-11E8-B48F-1D18A9856A87","month":"09","doi":"10.48550/ARXIV.2209.14368","date_updated":"2023-02-27T10:07:40Z","language":[{"iso":"eng"}],"date_created":"2023-02-24T12:21:40Z","oa_version":"Preprint","oa":1,"ec_funded":1}