n South African Journal of Economic and Management Sciences - Revised 004-8 considering the harmonic sequence "paradox" : financial management
|Article Title||Revised 004-8 considering the harmonic sequence "paradox" : financial management|
|© Publisher:||University of Pretoria|
|Journal||South African Journal of Economic and Management Sciences|
|Author||Robert William Vivian|
|Publication Date||Sep 2009|
|Pages||385 - 391|
|Keyword(s)||C91, D81, Decision theory, Harmonic series, Harmonic series paradoxes and St Petersburg paradox|
ISI Social Science
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.
Article metrics loading...