Time vs. data: when to choose?

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Mathematics professor discusses time versus data in decision-making

February 18, 2016

LA GRANDE, Ore. (EOU) – Steve Tanner, associate professor of mathematics, shares strategies for balancing time and data in decision-making during the next colloquium Thursday, Feb. 25 at Eastern Oregon University.

“When to Choose: Some Mathematical Models for Optimal Stopping” begins at 4 p.m. in Ackerman Hall, Room 210. Light refreshments will be served and the presentation will also be streamed live at livestream.com/eou/colloquium.

Tanner will demonstrate how optimal stopping problems involve finding a balance between time and data. On one hand, the longer one waits to make a decision, the more data exists to make an informed choice. On the other hand, delaying a decision may mean the best opportunities are no longer available. Tanner will discuss a few mathematical models involving this conflict for which an ideal strategy may be found.

A list of related resources provided by Pierce Library is available for more in-depth information on this topic. Visit http://library.eou.edu/colloquium.

For more information on the colloquium series call 541-962-3316.