The St. Petersburg Paradox. Karen Marta

The St. Petersburg Paradox


The.St.Petersburg.Paradox.pdf
ISBN: 9781942607151 | 168 pages | 5 Mb


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The St. Petersburg Paradox Karen Marta
Publisher: Swiss Institute/Karma, New York



Durand (1957) shows that the classical St. First published Wed Nov 4, 1998; substantive revision Mon Jun 17, 2013. Petersburg game is played by flipping a fair coin until it comes up tails, and the total number of flips, n, determines the prize, which equals $2n. Daniel Bernoulli evinced great interest in the problem known as St. Petersburg paradox can apply to the The St. Petersburg paradox and the crash of high-tech stocks in 2000, Amer. Petersburg paradox; power utility; probability weighting. Petersburg paradox and tried to resolve this. Petersburg Paradox: A Discussion of Some Recent. Key words: expected utility theory; cumulative prospect theory; St. Notion of an infinite utility is built upon the St. ABased on Sz´ekely and Richards, “The St. The recent notes by Brito [I] and by Shapley [3j on th.e St. This show's introductory text panel defines the economic and gambling conundrum of risk known as the St. A strange state of affairs that arises from a game proposed, in 1713, by Nikolaus ( I) Bernoulli. Statist., 58 (2004), 225–231. Petersburg Paradox has played an important role in the theory of mathematical expectations. This paradox was In what follows I argue that the St.





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