St. Petersburg paradox (English, noun)
expansion: St. Petersburg paradox (plural St. Petersburg paradoxes)
Senses:
topics: economics
sciences
glosses: 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.
Forms:
form: St. Petersburg paradoxes
tags: plural
form: Petersburg paradox
tags: alternative
form: Saint Petersburg paradox
tags: alternative