Optimal Stopping for Uniform Draws
You draw values one at a time from $U[0,1]$, up to $n$ draws total. After each draw, you see the value and must decide: keep it (and stop), or throw it away and continue to the next draw. If you reach the $n$-th draw, you must keep it regardless.
What stopping strategy maximizes your expected payoff? Derive the expected value under the optimal strategy as a function of $n$, and compute it for small $n$.
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