"St. Petersburg paradox" meaning in English

{
  "etymology_text": "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.",
  "forms": [
    {
      "form": "St. Petersburg paradoxes",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
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      "name": "en-noun"
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  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
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          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Economics",
          "orig": "en:Economics",
          "parents": [
            "Social sciences",
            "Sciences",
            "Society",
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            "Fundamental"
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          "source": "w"
        }
      ],
      "glosses": [
        "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."
      ],
      "id": "en-St._Petersburg_paradox-en-noun-1-QvMmja",
      "links": [
        [
          "economics",
          "economics"
        ]
      ],
      "raw_glosses": [
        "(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."
      ],
      "related": [
        {
          "word": "St. Petersburg lottery"
        }
      ],
      "synonyms": [
        {
          "word": "Petersburg paradox"
        },
        {
          "word": "Saint Petersburg paradox"
        }
      ],
      "topics": [
        "economics",
        "science",
        "sciences"
      ],
      "wikipedia": [
        "St. Petersburg paradox"
      ]
    }
  ],
  "word": "St. Petersburg paradox"
}

{
  "etymology_text": "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.",
  "forms": [
    {
      "form": "St. Petersburg paradoxes",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {
        "head": "St. Petersburg paradox"
      },
      "expansion": "St. Petersburg paradox (plural St. Petersburg paradoxes)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "related": [
    {
      "word": "St. Petersburg lottery"
    }
  ],
  "senses": [
    {
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        "English terms spelled with .",
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      ],
      "glosses": [
        "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."
      ],
      "links": [
        [
          "economics",
          "economics"
        ]
      ],
      "raw_glosses": [
        "(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."
      ],
      "topics": [
        "economics",
        "science",
        "sciences"
      ],
      "wikipedia": [
        "St. Petersburg paradox"
      ]
    }
  ],
  "synonyms": [
    {
      "word": "Petersburg paradox"
    },
    {
      "word": "Saint Petersburg paradox"
    }
  ],
  "word": "St. Petersburg paradox"
}