Workers, the Intelligentsia and Marxist Parties: St Petersburg, 1895–1917 and Shanghai, 1921–1927
نویسندگان
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 کاملThe mean, the median, and the St. Petersburg paradox.
The St. Petersburg Paradox is a famous economic and philosophical puzzle that has generated numerous conflicting explanations. To shed empirical light on this phenomenon, we examined subjects' bids for one St. Petersburg gamble with a real monetary payment. We found that bids were typically lower than twice the smallest payoff, and thus much lower than is generally supposed. We also examined bi...
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ژورنال
عنوان ژورنال: International Review of Social History
سال: 1996
ISSN: 0020-8590,1469-512X
DOI: 10.1017/s0020859000113689