"St. Petersburg paradox" meaning in English

See St. Petersburg paradox in All languages combined, or Wiktionary

Noun

Forms: St. Petersburg paradoxes [plural]
Etymology: Named from its resolution by Daniel Bernoulli, one-time resident of the eponymous Russian city, who published his arguments in the Commentaries of the Imperial Academy of Science of Saint Petersburg (Bernoulli 1738). However, the problem was invented by Daniel's cousin, Nicolas Bernoulli. Head templates: {{en-noun|head=St. Petersburg paradox}} St. Petersburg paradox (plural St. Petersburg paradoxes)
  1. (economics) The paradox raised by a particular (theoretical) lottery game that leads to a random variable with infinite expected value (i.e. infinite expected payoff) but nevertheless seems to be worth only a very small amount to the participants. Wikipedia link: St. Petersburg paradox Categories (topical): Economics Synonyms: Petersburg paradox, Saint Petersburg paradox Related terms: St. Petersburg lottery
    Sense id: en-St._Petersburg_paradox-en-noun-1-QvMmja Categories (other): English entries with incorrect language header, Pages with 1 entry, Pages with entries Topics: economics, sciences

Inflected forms

Alternative forms

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This page is a part of the kaikki.org machine-readable English dictionary. This dictionary is based on structured data extracted on 2024-12-21 from the enwiktionary dump dated 2024-12-04 using wiktextract (d8cb2f3 and 4e554ae). The data shown on this site has been post-processed and various details (e.g., extra categories) removed, some information disambiguated, and additional data merged from other sources. See the raw data download page for the unprocessed wiktextract data.

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