Construct · 1 fields · 1 citations

St. Petersburg paradox: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
St. Petersburgparadox1 CONSTRUCTSt. petersburg paradBERNOULLI · ECONOMICS

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Economics

a gamble with infinite expected value that no one will pay much for, resolved by utility that rises less than wealth.

In economics, St. Petersburg paradox refers to a gamble with infinite expected value that no one will pay much for, resolved by utility that rises less than wealth. This meaning comes from Bernoulli (1738/1954) in Econometrica.[1]

Unit
Recovery means
Measured by

Next

Run it through the Collider, or take the citations with you.

See how St. Petersburg paradox sits against neighbouring constructs in the Collider, or export every reference on this page in one click.

Open in ColliderExport BibTeXReport this entry

Nearby constructs

diminishing marginal utility1 fields · 5 citationsanchor · a standalone constructexpectation4 fields · 4 citationsjingle · one word, four constructsparadox3 fields · 4 citationsjingle · one word, three constructs

References

  1. Bernoulli, D. (1954). Exposition of a New Theory on the Measurement of Risk. Econometrica, 22(1), 23. (Original work published 1738) https://doi.org/10.2307/1909829

Cited on this page?

Confirm your construct, or correct us.

If your work is cited behind one of these entries, you know better than we do whether we captured the meaning right. Confirm it, suggest an edit, or dispute it, and your name goes on the entry as an author who has checked it, linked to your ORCID.

Claim your construct