Competitive ratio
Named by 2 essays across 2 fields — each of them below, with the objects they name alongside it.
Half of what an oracle takes
Compare an online rule not against the best it could have done but against a rule that has seen every value in advance. One fixed threshold secures half of what the oracle collects, whatever the distributions are — and there is an example on which half is all there is.
Matching when the arrivals are shuffled
An adversary who chooses the order in which applicants arrive can hold any fixed matching rule to half the best. Take the order away and let it be random, and the plainest rule of all — give each arrival its first free place in a fixed list — rises to 1 − 1/e, because shuffling the arrivals turns out to be exactly the trick RANKING plays with the places, seen from the other side. Shuffle both and the guarantee rises again, to somewhere between 0.696 and 0.727, and where in that interval it lies is not known.
Named alongside it
The objects these essays reach for when they reach for this one.
Bipartite graphBoundConditional probabilityDecision procedureExpectationGreedy algorithmIrrevocable decisionMatchingOnline algorithmOptimal stoppingRandom permutationRandomisation