𝔖 Bobbio Scriptorium
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The St. Petersburg Paradox at 300

✍ Scribed by Seidl, Christian


Book ID
120385427
Publisher
Springer
Year
2013
Tongue
English
Weight
307 KB
Volume
46
Category
Article
ISSN
0895-5646

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πŸ“œ SIMILAR VOLUMES


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