A Guide to the Risk-Averse Gambler and Resolving the St. Petersburg Paradox Once and For All

2023/07/31 by Lucy Martinez, Doron Zeilberger, Martinez, Lucy +1
Mathematics · #Combinatorics (math.CO) #FOS: Mathematics #History and Overview (math.HO) #Probability (math.PR) #Probability and Statistical Research

paper · pdf · doi:10.48550/arxiv.2308.00713

openalex publication_date 2023/07/31 · openalex created_date 2023/08/18 · openalex updated_date 2026/07/28

Abstract

We use three kinds of computations: simulation, numeric, and symbolic, to guide risk-averse gamblers in general, and offer particular advice on how to resolve the famous St. Petersburg paradox.

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