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

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Vivian, Robert William (2008): Considering the Harmonic Sequence "Paradox". Published in: South African Journal of Economic & Management Sciences , Vol. NS12, No. 3 (September 2009): pp. 385-391.
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; C91 - Laboratory, Individual Behavior
Source:	BASE

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