Original Research
Considering the Harmonic Sequence “Paradox”
South African Journal of Economic and Management Sciences | Vol 12, No 3 | a227 |
DOI: https://doi.org/10.4102/sajems.v12i3.227
| © 2011 Robert Vivian
| This work is licensed under CC Attribution 4.0
Submitted: 17 June 2011 | Published: 17 June 2011
Submitted: 17 June 2011 | Published: 17 June 2011
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Robert Vivian, University of the Witwatersrand, South AfricaFull Text:
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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 in decision theory, any game which leads to a St Petersburg game 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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