Saint 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

nounSaint Petersburg paradox (plural Saint Petersburg paradoxes)

plural Saint Petersburg paradoxes

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

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

MLA

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

Chicago

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

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