The St. Petersburg paradox with state dependent linear utility functions for monetary returns. A note

Authors

  • Somdeb Lahiri PDEU, India

DOI:

https://doi.org/10.7494/manage.2024.25.2.133

Abstract

In the experiment underlying the St. Petersburg paradox, we use state-dependent linear utility functions for money with a countably infinite set of states of nature to show that a potential participant will be willing to pay no more than a finite sum of money to participate in the experiment.

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Published

2025-01-15

Issue

Vol. 25 No. 2 (2024)

Section

Articles

License

Creative Commons License

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How to Cite

The St. Petersburg paradox with state dependent linear utility functions for monetary returns. A note. (2025). Managerial Economics, 25(2), 133. https://doi.org/10.7494/manage.2024.25.2.133