Question: Suppose Alice is faced with the ski rental problem, where buying skis is 20 times more expensive than renting. In this case, however, Alice notices
Suppose Alice is faced with the ski rental problem, where buying skis is 20 times more expensive than renting. In this case, however, Alice notices that she has a fair coin in her pocket and is willing to consider a randomized strategy. Show that she can use her coin to come up with a strategy with an expected competitive ratio of 1.8 or better.
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Alice can rent skis until day 14 and then flip her coin to decide on that day wheth... View full answer
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