| Humans collect information sequentially and make a decision at a certain point rather than wait till the amount of information collected exceeds some preset threshold and then make a decision. In sequential decision making, the order in which information is presented to a person affects the time taken to make a correct or incorrect decision. If important information regarding the problem posed is presented at an early stage as opposed to a later stage, a correct decision can be made sooner. An example of this is to consider the speed of response of a person who is asked a question in different ways. To demonstrate the effect of ordering of information on sequential decision making we use the framework of sequential analysis with non-identical observations. |
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