St. Petersburg paradox

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A theoretical game where the expected value is infinite due to a power law distribution of payouts, illustrating the peculiarities of such distributions.

Videos Mentioning St. Petersburg paradox

You've (Likely) Been Playing The Game of Life Wrong

You've (Likely) Been Playing The Game of Life Wrong

Veritasium

A theoretical game where the expected value is infinite due to a power law distribution of payouts, illustrating the peculiarities of such distributions.