THE ST PETERSBURG PARADOX AND THE BERNOULLIAN FORMULATION. Let there be a random prospect g1, …, gi, …, gn, …, p1, …, pi, …, pnipi = 1) giving the probability pi of positive or negative gains gi.


Mathematical Expectation Random Choice Preference Index Risk Theory Monetary Gain 
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© Palgrave Macmillan, a division of Macmillan Publishers Limited 1990

Authors and Affiliations

  • Maurice Allais

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