Ending the myth of the St Petersburg paradox
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References listed on IDEAS
- Tibor Neugebauer & John Hey & Carmen Pasca, 2010. "Georges-Louis Leclerc de Buffon’s‘Essays on Moral Arithmetic’," LSF Research Working Paper Series 10-06, Luxembourg School of Finance, University of Luxembourg.
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Cited by:
- Yukalov, V.I., 2021. "A resolution of St. Petersburg paradox," Journal of Mathematical Economics, Elsevier, vol. 97(C).
- Ruggero Paladini, 2017. "Il paradosso di S. Pietroburgo, una rassegna," Public Finance Research Papers 29, Istituto di Economia e Finanza, DSGE, Sapienza University of Rome.
- V. I. Yukalov, 2021. "A Resolution of St. Petersburg Paradox," Papers 2111.14635, arXiv.org.
- Ruggero Paladini, 2020. "Is there a fair price in St. Petersburg repeated games? An empirical analysis," Public Finance Research Papers 44, Istituto di Economia e Finanza, DSGE, Sapienza University of Rome.
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More about this item
Keywords
Central Limit Theorem; deductive logic; inductive logic; Law of Large Numbers; simulation of games; economic paradoxes; St Petersburg game; St Petersburg Paradox;All these keywords.
JEL classification:
- C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
- C9 - Mathematical and Quantitative Methods - - Design of Experiments
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- N00 - Economic History - - General - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-HPE-2013-10-18 (History and Philosophy of Economics)
- NEP-MIC-2013-10-18 (Microeconomics)
- NEP-UPT-2013-10-18 (Utility Models and Prospect Theory)
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