Considering the Harmonic Sequence "Paradox"

Robert Vivian ()

MPRA Paper from University Library of Munich, Germany

Abstract: Blavatskyy (2006) formulated a game of chance based on the harmonic series which, he suggests, leads to a St Petersburg type of paradox. In view of the importance of the St Petersburg game to decision theory, any game which leads to a St Petersburg type paradox is of interest. Blavatskyy’s game is re-examined in this article to conclude that it does not lead to a St Petersburg type paradox.

Keywords: Keywords: St Petersburg paradox; harmonic series; harmonic series paradoxes; decision theory and games of chance; decision theory paradoxes; expected values. (search for similar items in EconPapers)
JEL-codes: C91 D81 (search for similar items in EconPapers)
Date: 2008-01-11
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Published in South African Journal of Economic & Management Sciences 3.NS12(2009): pp. 385-391

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:21216

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