Social Sciences, asked by saritabharti270, 9 days ago

what are the demand if words of s.t Petersburg ???=_=​

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Answered by yuv28386
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The St. Petersburg paradox or St. Petersburg lottery[1] is a paradox involving the game of flipping a coin where the expected payoff of the theoretical lottery game approaches infinity but nevertheless seems to be worth only a very small amount to the participants. The St. Petersburg paradox is a situation where a naive decision criterion which takes only the expected value into account predicts a course of action that presumably no actual person would be willing to take. It is related to probability and decision theory in economics. Several resolutions to the paradox have been proposed.

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