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Lecture
Are you an EPFL student looking for a semester project?
Work with us on data science and visualisation projects, and deploy your project as an app on top of Graph Search.
This lecture discusses the optimal selling strategy in a scenario where offers are received independently each day for a house sale. The objective is to maximize the expected selling price minus maintenance costs. The instructor explains how to determine the strategy using dynamic programming and justifies its independence of time. The lecture also covers the concept of Markov chains and the convergence rate in dynamic programming.