Harmonic Sequence Paradox
Informal evidence suggests that individuals are willing to pay only a finite and, typically, very low price for a specific lottery that converges to an infinite payment with probability one. The established decision theories (expected value, expected utility theory, cumulative prospect theory) canno...
| Veröffentlicht in: | Economic Theory. - Springer, 1991. - 28(2006), 1, Seite 221-226 |
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| 1. Verfasser: | |
| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2006
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| Zugriff auf das übergeordnete Werk: | Economic Theory |
| Schlagworte: | Expected value EUT Cumulative prospect theory St. Petersburg paradox Willingness to pay C91 D81 Philosophy Behavioral sciences Mathematics |
| Online verfügbar |
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