A blog on financial markets and their regulation
St Petersburg once again
May 30, 2013Posted by on
One and a half years ago, I blogged about a paper by Peters that purported to resolve the paradox by using time averages. I finally got around to writing this up as a working paper (also available at SSRN). The content is broadly similar to the blog post except for some more elaboration and the introduction of a time reversed St Petersburg game as a further rebuttal of the time resolution idea.