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Tag: Expected Utility Theory

COVID Day 55: Saint Petersburg Paradox

The problem the once proudly independent America finds itself in, is that we’ve compliantly decided that fifty governors can decide for us what our expected utility threshold will be, and right now they have an unachievable expectation.

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Expected Utility Theory, Lockdown, quarantine, Risk Aversion, Saint Petersburg Paradox3 Comments on COVID Day 55: Saint Petersburg ParadoxMay 9, 2020May 11, 2020 By R. M. Dolin

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