Cox, James C.; Sadiraj, Vjollca; Vogt, Bodo - In: Economics Bulletin 29 (2009) 1, pp. 214-220
Expected value theory has been known for centuries to be subject to critique by St. Petersburg paradox arguments. And there is a traditional rebuttal of the critique that denies the empirical relevance of the paradox because of its apparent dependence on existence of credible offers to pay...