A Guide to the Risk-Averse Gambler and Resolving the St. Petersburg Paradox Once and For All
We use three kinds of computations: simulation, numeric, and symbolic, to guide risk-averse gamblers in general, and offer particular advice on how to resolve the famous St. Petersburg paradox.
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Zusammenfassung: | We use three kinds of computations: simulation, numeric, and symbolic, to
guide risk-averse gamblers in general, and offer particular advice on how to
resolve the famous St. Petersburg paradox. |
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DOI: | 10.48550/arxiv.2308.00713 |