Considering the Harmonic Sequence "Paradox"

Blavatskyy (2006) formulated a game of chance based on the harmonic series which, he suggests, leads to a St Petersburg type of paradox. In view of the importance of the St Petersburg game to decision theory, any game which leads to a St Petersburg type paradox is of interest. Blavatskyy’s game is re-examined in this article to conclude that it does not lead to a St Petersburg type paradox.

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Year of publication:	2008-01-11
Authors:	Vivian, Robert William
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	St Petersburg paradox \| harmonic series \| harmonic series paradoxes \| decision theory and games of chance \| decision theory paradoxes \| expected values

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in South African Journal of Economic & Management Sciences 3.NS12(2009): pp. 385-391
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; C91 - Laboratory, Individual Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008562592