The Bronze Horseman: A St Petersburg Story
نویسندگان
چکیده
منابع مشابه
The St. Petersburg Paradox
The classical St. Petersburg Paradox is discussed in terms of doubling strategies. It is claimed that what was originally thought of as a \paradox" can hardly be considered as very surprising today, but viewed in terms of doubling strategies, we get some results that look paradoxical, at least to the practically oriented investor.
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The Saint Petersburg Paradox is a well known illustration ofhow the psychology of risk and reward can diverge from the underlying mathematics. In the standard game a fair coin is tossed repeatedly until the first head occurs. The payoff is $1 ifthe game terminates in one flip, $2 ifin two flips, $4 if in three, and so on, doubling the payoff for each additional flip required to obtain the first...
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We find that in cumulative prospect theory (CPT) with a concave value function in gains, a lottery with finite expected value may have infinite subjective value. This problem does not occur in expected utility theory. We characterize situations in CPT where the problem can be resolved. In particular, we define a class of admissible probability distributions and admissible parameter regimes for ...
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Ancient human mobility at the individual level is conventionally studied by the diverse application of suitable techniques (e.g. aDNA, radiogenic strontium isotopes, as well as oxygen and lead isotopes) to either hard and/or soft tissues. However, the limited preservation of coexisting hard and soft human tissues hampers the possibilities of investigating high-resolution diachronic mobility per...
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ژورنال
عنوان ژورنال: Translation and Literature
سال: 1998
ISSN: 0968-1361,1750-0214
DOI: 10.3366/tal.1998.7.part_1.59