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The St. Petersburg paradox with state dependent linear utility functions for monetary returns. A note

Author

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  • Somdeb Lahiri

    (PDEU, India)

Abstract

In the experiment underlying the St. Petersburg paradox, we use state-dependent linear utility functions for money with a countably infinite set of states of nature to show that a potential participant will be willing to pay no more than a finite sum of money to participate in the experiment.

Suggested Citation

  • Somdeb Lahiri, 2024. "The St. Petersburg paradox with state dependent linear utility functions for monetary returns. A note," Managerial Economics, AGH University of Science and Technology, Faculty of Management, vol. 25(2), pages 133-140.
    • Handle: RePEc:agh:journl:v:25:y:2024:i:2:p:133-140
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    File URL: https://journals.agh.edu.pl/manage/article/view/6911/3119
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