Back to the St. Petersburg Paradox?

DOI10.1287/MNSC.1040.0352zbMATH Open1145.91326OpenAlexW2001314201WikidataQ56286549 ScholiaQ56286549MaRDI QIDQ3530954FDOQ3530954

Authors: Pavlo R. Blavatskyy 

Publication date: 21 October 2008

Published in: Management Science (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/aae09ec70493a85e6c5e73cee397bca6e372ecca

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zbMATH Keywords

probability weightingcumulative prospect theoryexpected utility theorySt. Petersburg paradoxpower utility

Mathematics Subject Classification ID

Characterization and structure theory of statistical distributions (62E10) Utility theory (91B16)

Cited In (18)

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• A resolution of St. Petersburg paradox
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• Focus theory of choice and its application to resolving the St. Petersburg, Allais, and Ellsberg paradoxes and other anomalies
• The bipolar Choquet integral representation
• Preferences over all random variables: incompatibility of convexity and continuity
• An analysis of the generalized TODIM method
• Probability weighting and L-moments
• A monotone model of intertemporal choice
• Solving the St. Petersburg paradox in cumulative prospect theory: the right amount of probability weighting
• Quantum-like model of subjective expected utility
• Cumulative prospect theory and the St. Petersburg paradox
• Axiomatizing bounded rationality: the priority heuristic
• A further examination of cumulative prospect theory parameterizations
• One-reason decision-making: modeling violations of expected utility theory
• What impacts the impact of rare events
• Alternation Bias and the Parameterization of Cumulative Prospect Theory
• Behavior in the centipede game: a decision-theoretical perspective

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