St. Petersburg paradoxes

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

noun
  1. pluralplural of St. Petersburg paradox
Cite this entry
APA

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

MLA

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

Chicago

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

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