… The standard version of the St. Petersburg paradox is derived from the St. Petersburg
game, which is played as follows: A fair coin is flipped until it comes up heads …

… Intuitively, an individual’s utility function must not simply be concave, but it must be
concave relative to an individual’s probability weighting function to avoid the St. Petersburg …

… In Sections 1 and 2 we give a concise report of the origin of the St. Petersburg Paradox
and the main attempts at its solution. Section 3 provides a rigorous analysis of the St. …

… (The term "paradox" as used here is akin to its original meaning of contrary to ordinary … but
perhaps the most notorious of all, the "St. Petersburg paradox," is still discussed in the modern …

… Finally, we argue that the distribution of outcomes embodied in the St. Petersburg paradox
is so divergent from the Gaussian form that the statistical mean is a poor estimator of expected …

… The St. Petersburg Paradox, in which Paul refuses to pay Peter the extraordinarily high price
… moneygain computes for the privilege of Paul's receiving 21 ducats if heads first appears at …

… demonstrating the solution of the Petersburg paradox according to the logarithmic formula
for subjective value (contrary to the views expressed for more than one hundred years in the …

… THE St. Petersburg paradox constitutes a fascinating chapter in the history of ideas…
What other subject can link together Edward Gibbon and the father-inlaw of Thomas Mann? …

… The St. Petersburg paradox refers to a gamble of infinite expected value, where people are
likely … We find an α = 1 and, thus, the underlying distribution of the game is a Cauchy flight, as …

… In what follows I argue that the St. … Petersburg paradox since it is clear, I think, that if
the Wager fails, it does so due to some problem other than the St. …