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Menger 1934 revisited

Karl Menger's 1934 paper on the St. Petersburg paradox contains mathematical errors that invalidate his conclusion that unbounded utility functions, specifically Bernoulli's logarithmic utility, fail to resolve modified versions of the St. Petersburg paradox.

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AuthorshipTopic signalWMenger 1934 revisitedpreprint / 2011AOle PetersResearcherTq-fin.RM381 works
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Menger 1934 revisited

preprint / 2011

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