Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10001240596
Persistent link: https://www.econbiz.de/10001240597
Persistent link: https://www.econbiz.de/10001240599
Persistent link: https://www.econbiz.de/10001764731
Persistent link: https://www.econbiz.de/10001605957
Persistent link: https://www.econbiz.de/10001581915
Persistent link: https://www.econbiz.de/10011853816
Persistent link: https://www.econbiz.de/10011976793
Persistent link: https://www.econbiz.de/10011581347
The St Petersburg paradox could be used as an extreme demonstration of the utility function cardinalisation in case of stochastic utility. In this article we reassume the von Neumann and Mongernstern explanation to this paradox based on the risk aversion expressed by the strict concavity of the...
Persistent link: https://www.econbiz.de/10005036631