Munich Personal RePEc Archive

Considering the Harmonic Sequence "Paradox"

Vivian, Robert William (2008): Considering the Harmonic Sequence "Paradox". Published in: South African Journal of Economic & Management Sciences , Vol. NS12, No. 3 (September 2009): pp. 385-391.

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Abstract

Blavatskyy (2006) formulated a game of chance based on the harmonic series which, he suggests, leads to a St Petersburg type of paradox. In view of the importance of the St Petersburg game to decision theory, any game which leads to a St Petersburg type paradox is of interest. Blavatskyy’s game is re-examined in this article to conclude that it does not lead to a St Petersburg type paradox.

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