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The St. Petersburg paradox: A con games?

✍ Scribed by Lloyd S Shapley


Book ID
115964133
Publisher
Elsevier Science
Year
1977
Tongue
English
Weight
339 KB
Volume
14
Category
Article
ISSN
0022-0531

No coin nor oath required. For personal study only.


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Time, bounded utility, and the St. Peter
✍ Tyler Cowen; Jack High πŸ“‚ Article πŸ“… 1988 πŸ› Springer US 🌐 English βš– 246 KB

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