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The mean, the median, and the St. Petersburg paradox

The St. Petersburg Paradox is a famous economic and philosophical puzzle that has generated numerous conflicting explanations. To shed empirical light on this phenomenon, we examined subjects’ bids for one St. Petersburg gamble with a real monetary payment. We found that bids were typically lower th...

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Detalhes bibliográficos
Main Authors: Hayden, Benjamin Y., Platt, Michael L.
Formato: Artigo
Idioma:Inglês
Publicado em: 2009
Assuntos:
Acesso em linha:https://ncbi.nlm.nih.gov/pmc/articles/PMC3811154/
https://ncbi.nlm.nih.gov/pubmed/24179560
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