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St. Petersburg Paradox - Brief Introduction
Course Topic(s): Probability | Famous Problems, St. Petersburg paradox | Discrete Distributions, geometric and negative binomial
The classic St. Petersburg Paradox where the player receives $\(2^n\) if the coin lands heads on the \(n\)th toss. Mathematical explanation of the expected value is given. Two alternate versions of the game are given.
Resource URL: http://mathworld.wolfram.com/SaintPetersburgParadox.html
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Creator(s): Wolfram MathWorld
Contributor(s): Wolfram MathWorld
This resource was cataloged by Carolyn CuffPublisher:
Wolfram Research, Inc.
Resource copyright: 2011 Wolfram Alpha LLCâA Wolfram Research Company
This review was published on September 25, 2012
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