1887

n South African Journal of Economic and Management Sciences - Revised 004-8 considering the harmonic sequence "paradox" : financial management

Volume 12, Issue 3
  • ISSN : 1015-8812
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Abstract

Blavatskyy (2006) formulated a game of chance based on the harmonic series which, he suggests, leads to a St Petersburg type of paradox. In view of the importance of the St Petersburg game in decision theory, any game which leads to a St Petersburg game type paradox is of interest. Blavatskyy's game is re-examined in this article to conclude that it does not lead to a St Petersburg type paradox.

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/content/ecoman/12/3/EJC31285
2009-09-01
2017-01-16

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