The St. Petersburg paradox with state dependent linear utility functions for monetary returns. A note
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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| Format: | Article |
| Language: | English |
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AGH UNIVERSITY PRESS
2025-01-01
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| Series: | Managerial Economics |
| Online Access: | https://journals.agh.edu.pl/manage/article/view/6911 |
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| _version_ | 1832586829162872832 |
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| author | Somdeb Lahiri |
| author_facet | Somdeb Lahiri |
| author_sort | Somdeb Lahiri |
| collection | DOAJ |
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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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| format | Article |
| id | doaj-art-eb999ebae1084990913715b9958e2359 |
| institution | Kabale University |
| issn | 1898-1143 2353-3617 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | AGH UNIVERSITY PRESS |
| record_format | Article |
| series | Managerial Economics |
| spelling | doaj-art-eb999ebae1084990913715b9958e23592025-01-25T02:24:29ZengAGH UNIVERSITY PRESSManagerial Economics1898-11432353-36172025-01-0125210.7494/manage.2024.25.2.133The St. Petersburg paradox with state dependent linear utility functions for monetary returns. A noteSomdeb Lahiri0PDEU, India 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. https://journals.agh.edu.pl/manage/article/view/6911 |
| spellingShingle | Somdeb Lahiri The St. Petersburg paradox with state dependent linear utility functions for monetary returns. A note Managerial Economics |
| title | The St. Petersburg paradox with state dependent linear utility functions for monetary returns. A note |
| title_full | The St. Petersburg paradox with state dependent linear utility functions for monetary returns. A note |
| title_fullStr | The St. Petersburg paradox with state dependent linear utility functions for monetary returns. A note |
| title_full_unstemmed | The St. Petersburg paradox with state dependent linear utility functions for monetary returns. A note |
| title_short | The St. Petersburg paradox with state dependent linear utility functions for monetary returns. A note |
| title_sort | st petersburg paradox with state dependent linear utility functions for monetary returns a note |
| url | https://journals.agh.edu.pl/manage/article/view/6911 |
| work_keys_str_mv | AT somdeblahiri thestpetersburgparadoxwithstatedependentlinearutilityfunctionsformonetaryreturnsanote AT somdeblahiri stpetersburgparadoxwithstatedependentlinearutilityfunctionsformonetaryreturnsanote |