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St. Petersburg Paradox - Brief Introduction

Explanation of the paradox without extensive math. Probabilities are not listed and expected value is not calculated. This page is a good introduction to the paradox without an explanation of why the expected value is infinite. A good use would be to send a student to this page and have the student explain in mathematical detail why the expected value is infinite, what is meant by utility, and be introduced to a relationship between probability and game theory.
Identifier: 
http://www.math.hmc.edu/funfacts/ffiles/30001.6.shtml
Rating: 
2.95
Average: 3 (233 votes)
Creator(s): 
Francis Su
Cataloger: 
Carolyn Cuff
Publisher: 
Francis Su
Rights: 
Francis Su

Dummy View - NOT TO BE DELETED