: The Bayshore Homes Site, St. Petersburg, Florida . William H. Sears.
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چکیده
منابع مشابه
The St. Petersburg Paradox
The classical St. Petersburg Paradox is discussed in terms of doubling strategies. It is claimed that what was originally thought of as a \paradox" can hardly be considered as very surprising today, but viewed in terms of doubling strategies, we get some results that look paradoxical, at least to the practically oriented investor.
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We investigate the performance of the constantly rebalanced portfolios, when the random vectors of the market process {Xi} are independent, and each of them distributed as (X,X, . . . ,X, 1), d ≥ 1, where X,X, . . . ,X are nonnegative iid random variables. Under general conditions we show that the optimal strategy is the uniform: (1/d, . . . , 1/d, 0), at least for d large enough. In case of St...
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The Saint Petersburg Paradox is a well known illustration ofhow the psychology of risk and reward can diverge from the underlying mathematics. In the standard game a fair coin is tossed repeatedly until the first head occurs. The payoff is $1 ifthe game terminates in one flip, $2 ifin two flips, $4 if in three, and so on, doubling the payoff for each additional flip required to obtain the first...
متن کاملCumulative Prospect Theory and the St . Petersburg
We find that in cumulative prospect theory (CPT) with a concave value function in gains, a lottery with finite expected value may have infinite subjective value. This problem does not occur in expected utility theory. We characterize situations in CPT where the problem can be resolved. In particular, we define a class of admissible probability distributions and admissible parameter regimes for ...
متن کاملMaternal mortality in St. Petersburg, Russian Federation.
OBJECTIVE To study the levels and causes of maternal mortality in St. Petersburg, Russian Federation. METHODS We collected data about all pregnancy-related deaths in St. Petersburg over the period 1992-2003 using several sources of information. An independent research group reviewed and classified all cases according to ICD-10 and the Confidential Enquiries into Maternal Deaths in the United ...
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ژورنال
عنوان ژورنال: American Anthropologist
سال: 1961
ISSN: 0002-7294,1548-1433
DOI: 10.1525/aa.1961.63.2.02a00530