1 answer

What is St. Petersburg paradox? you have to show what it is? what kind of problem...

Question:

what is St. Petersburg paradox?

you have to show what it is?

what kind of problem it comes with?

how this problem can be solved?

how the utility could solve this problem.?


Answers

St. Petearhusg Pasados. The pasado known as the St Peterbury Paradox kohtained by com klip game. The rulues are simple keer tKits calculate our expected value for the game, we have a chance of winning 82, at de chance of $4 a chance of winning of BePosplction 1. By experiment We can calate the expected winning off the experiment, the careful when calculating the probabili2.</p><p>Based on uhlity some resolutions use the concept of o utility to désire a fair price of this gaune. Utility can be thoughtTable 3 Tia(k) where first St Petersburg Gaine teils appears Probability Payout (2) - $2 $4 $ 8 y $16 Uility (109, 087) 301 6

.

Similar Solved Questions

1 answer
Part A A 375 pF capacitor is charged to 185 V and then quickly connected to...
Part A A 375 pF capacitor is charged to 185 V and then quickly connected to a 155 mH inductor. Determine the frequency of oscillation. Express your answer with the appropriate units. ? f= Value Units Submit Request Answer Part B Determine the peak value of the current Express your answer with the ap...
1 answer
5. On your data sheet, you should calculate how much energy is required to heat 20.0...
5. On your data sheet, you should calculate how much energy is required to heat 20.0 mL of water from room temperature to 40.0°C and also how much energy is released when 20.0 mL of water is cooled from the initial temperature to 10.0°C....
1 answer
33 3 The axis of an infinitely long circular dielectric tube of inner radius ri and...
33 3 The axis of an infinitely long circular dielectric tube of inner radius ri and outer radius r. coincides with the z-axis. A polarization vector P=î3x +ģ4y exits in the dielectric with €= 2.0€. (a) Express P in cylindrical coordinate. (b) Determine the surface and volume cha...
1 answer
Steve is Planning t retice in Couple of years he has estimated that his annl veguitemedt...
Steve is Planning t retice in Couple of years he has estimated that his annl veguitemedt os Ha hi hig of the 1s year f retremeut wauld be tres, expects to live 22yeors afer refiremev How much ould he accumulased Clum Som) amaud in hs 851000 Per year. te er y ehvemed aslant at he beginirg pered is fo...
1 answer
NATION Identify the property used to find the equivalent expression. Part A a.b.c=c.b.a Select a Value...
NATION Identify the property used to find the equivalent expression. Part A a.b.c=c.b.a Select a Value Part B (n + 7) + 6 = n + (7 + 6) Select a Value Part -15m(x + y) = -15mx-15my Select a Value Part D (14.n).(-3) = -3. (14.n) Select a Value Part E 11 + 3 + x + 5 = x + 11 + 3 + 5...
1 answer
Instructions Write a program called stocks.cpp. The program should prompt the user for the number of...
Instructions Write a program called stocks.cpp. The program should prompt the user for the number of shares purchased, purchase price per share, the commission for the purchase, sale commission paid, and the price the shares were sold at. The program should validate each of these values to ensure th...
1 answer
The variance of return for Stock A is 22 percent, and the variance of return for...
The variance of return for Stock A is 22 percent, and the variance of return for Stock B is 28 percent. The covariance between Stock A and Stock B is -.2. What is the correlation between Stocks A and B? Group of answer choices a. -0.7 b. - 0.8 c. -0 .9 d. -1.0...
1 answer
2. Describe a situation in which you experienced or observed the problem of moral hazard. Can...
2. Describe a situation in which you experienced or observed the problem of moral hazard. Can you suggest any possible solutions that may help correct the problem in this case? Be as specific as possible....
1 answer
The magnitude of the electrostatic force between two identical ions that are separated by a distance...
The magnitude of the electrostatic force between two identical ions that are separated by a distance of 5.8x 10 0 m is 10.98 x 10-9 N. (a) What is the charge of each ton? (b) How many electrons are "missing" from each ion (thus giving the ion its charge imbalance)?...
1 answer
For Questions 20-24: assume it takes 5 cents to make a nickel and 10 cents to...
For Questions 20-24: assume it takes 5 cents to make a nickel and 10 cents to make a dime. Also assume that you have 50 cents and all the time in the world. On scratch paper, graph the PPF for nickels and dimes with Qd, the quantity of dimes, on the vertical axis and Qn, the quantity of nickels, on ...
1 answer
Question 3 Determine the orientation of the plane, the principal stresses, maximum shear stress and normal...
Question 3 Determine the orientation of the plane, the principal stresses, maximum shear stress and normal stress in the element? 200 MPa 100 MP 150 MPa...
1 answer
Wk 5-2 please explain and provide examples How do governments attempt to control foreign businesses operating...
wk 5-2 please explain and provide examples How do governments attempt to control foreign businesses operating within their borders? When U.S. companies do business in other countries, what issues do they face? Describe the responsibilities and ethical concerns that you feel are important for U.S. co...
1 answer
A)A volume of 46.2 mL of a 0.568 M Ca(NO3)2 solution is mixed with 75.5 mL...
A)A volume of 46.2 mL of a 0.568 M Ca(NO3)2 solution is mixed with 75.5 mL of a 1.496 M Ca(NO3)2 solution. Calculate the concentration of the final solution. Calculate the molarity of each of the following solutions. (b) 7.25 g of methanol (CH3OH) in ×  102 mL of solution: mol/L (c...
1 answer
A “best practice” in auditing is to very clearly document the description of your audit scope...
A “best practice” in auditing is to very clearly document the description of your audit scope (i.e. the criterion used to develop your sample). The scope should be so thoroughly described that an auditor with a reasonable amount of experience could use the scope in the original work pape...
1 answer
?? please help me with this question Applied vs. Actual Manufacturing Overhead Harrison Inc. applies overhead...
?? please help me with this question Applied vs. Actual Manufacturing Overhead Harrison Inc. applies overhead based on machine hours. Harrison reports the following for the year just ended: Budgeted overhead for the year $550,000 Budgeted machine hours 25,000 Actual overhead for the year $555,00...
1 answer
Please answer both 1 & 2. 1. Use Excel to generate 100 observations from the standard...
Please answer both 1 & 2. 1. Use Excel to generate 100 observations from the standard Normal distribution. a.Make a histogram of these observations. How does the shape of this histogram compare with a Normal density curve? 2. Use Excel to generate 100 Normally distributed random values (that is ...
1 answer
A four-resistor circuit is shown in the figure. The values of the resistors are as follows:...
A four-resistor circuit is shown in the figure. The values of the resistors are as follows: R2=4 Ohms, R2=R3=R4-3 Ohms. What is the equivalent resistance Req for this circuit? RA my Ris R2 R3 ş O 0.8 ohms 1.33 ohms O 3.5 ohms O 2.5 ohms O 0.67 ohms...
1 answer
"You get what you pay for, but what you pay for is not always what you...
"You get what you pay for, but what you pay for is not always what you get." What does this mean in terms of an incentive scheme...
1 answer
[Continued from Question 18.] What is the period of the rotational motion (the time required to...
[Continued from Question 18.] What is the period of the rotational motion (the time required to complete one rotation) of the neutron star after collapse? 59 s 0.68 ms 60000 s O 0.22 ms O 1.4 ms O 1460 s...