Question
Jan Villaroel
Topic: Probability Posted 1 year ago
Consider extensions to the classic coupon collector's problem, such as non-uniform probabilities for collecting different coupons, or the problem of collecting coupons with a budget constraint.

Consider extensions to the classic coupon collector's problem, such as non-uniform probabilities for collecting different coupons, or the problem of collecting coupons with a budget constraint.


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Koala Tutor
Oct 3, 2023
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1. Non-uniform probabilities for collecting different coupons:
In the classic coupon collector's problem, it is assumed that each coupon has an equal probability of being collected. However, in reality, the probability of collecting different coupons may vary. For example, some coupons may be more common or more desirable than others.

To tackle this extension, we can assign different probabilities to each coupon based on their rarity or popularity. Instead of a uniform distribution, we can use a non-uniform distribution to reflect the varying probabilities of collecting different coupons.

Solving such a modified problem would require knowledge of the probability distribution for collecting each coupon. This can be obtained through analysis of historical data or assumptions based on market research. Techniques such as Monte Carlo simulation or dynamic programming can be used to compute the expected number of coupons needed to complete the collection.

2. Collecting coupons with a budget constraint:
In the classic coupon collector's problem, there is no constraint on the budget required to collect all the coupons. However, in real-world scenarios, individuals may have a limited budget and need to optimize their collection strategy accordingly.

To address this extension, we can introduce a budget constraint to the problem. Each coupon may have an associated cost, and the collector has a limited budget to spend on acquiring coupons. The objective is to minimize both the number of coupons collected and the total cost incurred.

This extension introduces an additional optimization element to the problem. Various techniques from the field of optimization, such as integer programming or greedy algorithms, can be employed to find the optimal strategy that minimizes the cost while ensuring the collection is completed.

Additionally, variations of this problem can incorporate price discounts or coupon trade-offs, where collectors can exchange duplicate coupons with others to reduce costs. This could lead to more complex optimization problems with multiple decision variables and constraints.

By considering these extensions to the classic coupon collector's problem, we can explore scenarios that align with real-world situations and introduce additional challenges to the problem formulation.

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