Original Research

Considering the Harmonic Sequence “Paradox”

Robert Vivian
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

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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 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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