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St. Petersburg Paradox - Brief Introduction

The classic St. Petersburg Paradox where the player receives $\(2^n\) if the coin lands heads on the \(n\)th toss. Mathematical explanation of the expected value is given. Two alternate versions of the game are given.
Identifier: 
http://mathworld.wolfram.com/SaintPetersburgParadox.html
Rating: 
Average: 3 (244 votes)
Creator(s): 
Wolfram MathWorld
Cataloger: 
Carolyn Cuff
Publisher: 
Wolfram Research, Inc.
Rights: 
2011 Wolfram Alpha LLC—A Wolfram Research Company

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