Laws of large numbers for cooperative St. Petersburg gamblers (Q2568545)

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scientific article; zbMATH DE number 2213341
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    Laws of large numbers for cooperative St. Petersburg gamblers
    scientific article; zbMATH DE number 2213341

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      Laws of large numbers for cooperative St. Petersburg gamblers (English)
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      11 October 2005
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      General linear combinations of independent winnings in generalized St. Petersburg games are interperted as indiviual gains that result from pooling strategies of different cooperative players. A weak law of large numbers is proved for all such combinations, along with some almost sure results for the smallest and largest accummulation points, and a considerable body of earlier literature is fitted into this cooperative framework. Corresponding weak laws are also established, both conditionally and unconditionally, for random pooling strategies.
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      St. Petersburg games
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      cooperative players
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      deterministic and random pooling strategies
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      entropy
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      laws of large numbers
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