The St. Petersburg paradox with state dependent linear utility functions for monetary returns. A note
In the experiment underlying the St. Petersburg paradox, we use state-dependent linear utility functions for money with a countably infinite set of states of nature to show that a potential participant will be willing to pay no more than a finite sum of money to participate in the experiment.
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| Format: | Article |
| Language: | English |
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AGH UNIVERSITY PRESS
2025-01-01
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| Series: | Managerial Economics |
| Online Access: | https://journals.agh.edu.pl/manage/article/view/6911 |
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