The St. Petersburg gamble and risk

Theory and Decision 17 (2):193-202 (1984)
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Abstract

One resolution of the St. Petersburg paradox recognizes that a gamble carries a risk sensitive to the gamble's stakes. If aversion to risk increases sufficiently fast as stakes go up, the St. Petersburg gamble has a finite utility.

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10.1007/bf00160983

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Paul Weirich
University of Missouri, Columbia

Citations of this work

Infinite Ethics.Nick Bostrom - 2011 - Analysis and Metaphysics 10:9–59.
Waging War on Pascal’s Wager.Alan Hájek - 2003 - Philosophical Review 112 (1):27-56.
Infinity.Kenny Easwaran, Alan Hájek, Paolo Mancosu & Graham Oppy - 2021 - Stanford Encyclopedia of Philosophy.
The future of humanity.Nick Bostrom - 2009 - In Jan Kyrre Berg Olsen Friis, Evan Selinger & Søren Riis, New waves in philosophy of technology. New York: Palgrave-Macmillan. pp. 551–557.
The St. Petersburg Paradox.Martin Peterson - 2019 - Stanford Encyclopedia of Philosophy.

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References found in this work

The Foundations of Statistics.Leonard Savage - 1954 - Wiley Publications in Statistics.
The Logic of Decision.Richard C. Jeffrey - 1965 - New York, NY, USA: University of Chicago Press.
The Foundations of Statistics.Leonard J. Savage - 1954 - Synthese 11 (1):86-89.
The Foundations of Statistics.Leonard J. Savage - 1956 - Philosophy of Science 23 (2):166-166.

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