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St. Petersburg paradox
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The St. Petersburg paradox or St. Petersburg lottery is a paradox involving the game of flipping a coin where the expected payoff of the lottery game is infinite but nevertheless seems to be worth onl
Georges-Louis Leclerc, Comte de Buffon, who noted the human tendency to disregard very low probabilities.
Georges-Louis Leclerc, Comte de Buffon, who noted the human tendency to disregard very low probabilities.
Nicolaus I Bernoulli
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Nicolaus Bernoulli was a Swiss mathematician and was one of the many prominent mathematicians in the Bernoulli family.
St. Petersburg paradox
…paradox have been proposed, including the impossible amount of money a casino would need to continue the game indefinitely. The problem was invented by Nicolas Bernoulli, who stated it in a letter to Pierre Raymond de Montmort on September 9, 1713. However, the paradox takes its name from its analysis by Nicolas' cousin…
Epitaph for Nikolaus I Bernoulli in the Peterskirche (Basel) [de]
Epitaph for Nikolaus I Bernoulli in the Peterskirche (Basel) [de]