Menger 1934 revisited
AbstractKarl Menger's 1934 paper on the St. Petersburg paradox contains mathematical errors that invalidate his conclusion that unbounded utility functions, specifically Bernoulli's logarithmic utility, fail to resolve modified versions of the St. Petersburg paradox.
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Bibliographic InfoPaper provided by arXiv.org in its series Papers with number 1110.1578.
Date of creation: Oct 2011
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