Repeated st petersburg two-envelope trials and expected value

The Reasoner 6 (3) (2012)
Abstract
It is commonly believed that when a finite value is received in a game that has an infinite expected value, it is in one’s interest to redo the game. We have argued against this belief, at least in the repeated St Petersburg two-envelope case. We also show a case where repeatedly opting for a higher expected value leads to a worse outcome.
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Admin Source id: philsci//4983   Serial ID: 211381
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