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The St. Petersburg Paradox - Is It? Theory and Facts

Author

Listed:
  • Brenner, R.

Abstract

Un Jeu Imaginaire, Celui de St. Petersburg, a Joue un Role Central Dans L'histoire de la Theorie du Risque. Bien Que L'esperance Mathematique de Ce Jeu Est Infinie, Il Semble "Evident au Bon Sens" (Comme L'a Dit Arrow) Que Personne Ne Payerait Tres Cher Pour le Droit D'y Participer. L'explication de Ce Paradoxe Donnee Dans Cette Etude Est Differente de L'explication Traditionnelle Qui Est Basee Sur "L'aversion au Risque". on Y Montre Que Ce Sont les Reactions Criminelles des Autres, Ou la Menace de Telles Reactions Envers le Gagnant D'un Tres Grand Prix Qui Font Que L'on Cesse de Prendre Part a des Jeux de Hasard Ou la Probabilite de Gagner de Tres Grands Prix Existe Apres Avoir Soi-Meme Gagne un Grand Prix. des Donnees Ne Falsifient Pas Cette Interpretation.

Suggested Citation

  • Brenner, R., 1984. "The St. Petersburg Paradox - Is It? Theory and Facts," Cahiers de recherche 8407, Universite de Montreal, Departement de sciences economiques.
    • Handle: RePEc:mtl:montde:8407
    as

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