The assumption of bounded utility function resolves the St. Petersburg paradox. The justification for such a bound is provided by Brito, who argues that limited time will bound the utility function. However, a reformulated St. Petersburg game, which is played for both money and time, effectively cir
New times at the St. Petersburg steel mill
โ Scribed by A. Alekseev
- Publisher
- Springer US
- Year
- 1992
- Tongue
- English
- Weight
- 338 KB
- Volume
- 36
- Category
- Article
- ISSN
- 0026-0894
No coin nor oath required. For personal study only.
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