St. Petersburg paradox

Concept

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

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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.