On the St. Petersburg Paradox

  title={On the St. Petersburg Paradox},
  author={Knut K. Aase},
  journal={Scandinavian Actuarial Journal},
  pages={69 - 78}
  • K. Aase
  • Published 1 September 1998
  • Economics, Mathematics
  • Scandinavian Actuarial Journal
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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