Selecting the Highest Value Artwork

Requirements Clarification & Assessment

1. Understanding the Problem:

   • You are presented with a sequence of 100 unique artworks, each with a distinct monetary value.
   • The artworks arrive in a random order, and you can only view each artwork once.
   • The goal is to select the artwork with the highest value, but you can only make one selection.

2. Constraints & Rules:

   • Once you pass an artwork, you cannot return to it.
   • You are allowed to make only one selection.

3. Objective:

   • Maximize the probability of selecting the artwork with the highest value.

4. Clarifications Needed:

   • Is there a time limit for making the selection?
   • Are there any penalties for selecting an artwork with a lower value?
   • Is there any prior information about the distribution of artwork values?

5. Assumptions:

   • The sequence is truly random, with no predictable pattern.
   • The values of the artworks are distinct and known only upon viewing.
   • There is no external assistance or additional information available.