Reply To: General Solution to St. Petersburg Paradox


Hi Jon,

OK yes, if I said “for any given utility function” then that is obviously not true. For example, if you got 0 utility regardless of how much wealth you had, then you can’t get an infinite amount of expected utility.

What I was trying to get at (and apparently fumbled the point) is that it doesn’t truly solve the original paradox to introduce risk aversion.