Definitions from Wiktionary (Petersburg paradox)
▸ noun: Alternative form of St. Petersburg paradox [(economics) The paradox raised by a particular (theoretical) lottery game that leads to a random variable with infinite expected value (i.e. infinite expected payoff) but nevertheless seems to be worth only a very small amount to the participants.]
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▸ noun: Alternative form of St. Petersburg paradox [(economics) The paradox raised by a particular (theoretical) lottery game that leads to a random variable with infinite expected value (i.e. infinite expected payoff) but nevertheless seems to be worth only a very small amount to the participants.]
Similar:
St. Petersburg paradox,
Parrondo's paradox,
Newcomb's paradox,
Ginsberg's theorem,
Pascal's gamble,
Monte Carlo fallacy,
centipede game,
Zermelo's theorem,
zero-sum game,
winner's curse,
more...
Phrases:
▸ Words similar to Petersburg paradox
▸ Usage examples for Petersburg paradox
▸ Idioms related to Petersburg paradox
▸ Wikipedia articles (New!)
▸ Words that often appear near Petersburg paradox
▸ Rhymes of Petersburg paradox
▸ Invented words related to Petersburg paradox