Petersburg paradox

A form of St. Petersburg paradox — The paradox raised by a particular (theoretical) lottery game that leads to a random variable with infinite expected value (i.e. infinite expected payoff) but nevertheless seems to be worth only a very small amount to the participants.

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Meanings

nounPetersburg paradox (plural Petersburg paradoxes)

plural Petersburg paradoxes

  1. alternativeAlternative form of St. Petersburg paradox.
Cite this entry
APA

Petersburg paradox. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/Petersburg%20paradox

MLA

“Petersburg paradox.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/Petersburg%20paradox. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “Petersburg paradox,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/Petersburg%20paradox.

Source: Petersburg paradox on Wiktionary, CC BY-SA 4.0.