Allais Paradox

Maurice Allais · Palgrave Macmillan UK eBooks · 1990

THE ST PETERSBURG PARADOX AND THE BERNOULLIAN FORMULATION. Let there be a random prospect g 1 , …, g i , …, g n , …, p 1 , …, p i , …, p n (Σ i p i = 1) giving the probability p i of positive or negative gains g i . These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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