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Tagged with expected-utility statistics
2 questions
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Ratio of two Jensen inequality
I have these pair of numbers
$ (a, b) = (\frac{4}{9}, \frac{1}{9}) $ and $(c, d) = (\frac{1}{2}, \frac{1}{6}) $. (Number mean nothing, just for illustration and simplification)
Note that - (a, b) are ...
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Utility of both players in St. Petersbourg paradox - behavioural economics
Im reading a paper by Karl Menger [1] about the St. Peterbourg paradox :
In the theory of probability, the "Petersburg Game" designates the
follow- ing gamei between two persons, A and B. ...
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