Sequential detection

    Hill(a, K) is x^a / (K^a + x^a), where a < 1 gives infinite slope at zero. You can also enter an expression in x, such as 1 - exp(-x), 2*x - x**2, or 2*sqrt(x). Values outside [0, 1] are clipped. Powers are ** or ^.

    Efficient investment vs prior

    Total cost vs prior

    Ex ante cost under φ* vs prior

    Detection probability vs investment