1991/01/01 by Harvey Scher, H. Scher, Michael F. Shlesinger +1 · 8 citations
Physics and Astronomy · Mathematics · #Advanced Thermodynamics and Statistical Mechanics #Fractional Differential Equations Solutions #Statistical Mechanics and Entropy
paper · doi:10.1063/1.881289
An early theme in probability was calculating the fair ante for various games of chance. Nicolas Bernoulli introduced a seemingly innocent game, first published in 1713, that yielded a paradoxical result. The result has become known as the St. Petersburg paradox, because of an analysis written later by Daniel Bernoulli in the Commentary of the St. Petersburg Academy.