The St. Petersburg Paradox
Working paper
Permanent lenke
http://hdl.handle.net/11250/163825Utgivelsesdato
1998-09Metadata
Vis full innførselSamlinger
- Discussion papers (FOR) [566]
Sammendrag
The classical St. Petersburg Paradox is discussed in terms of doubling strategies. It is claimed that what was originally thought of as a "paradox" can hardly be considered as very surprising today, but viewed in terms of doubling strategies, we get some results that look paradoxical, at least to the practically oriented investor.
Beskrivelse
Forthcoming in Scandinavian Actuarial Journal
Utgiver
Norwegian School of Economics and Business Administration. Department of Finance and Management ScienceSerie
Discussion paper1998:12