What is the Saint Petersburg Paradox? (Philosophy of Economics)

This video describes Bernoulli's paradox for probabilistic theories of rational choice in the philosophy of economics and rationality. It looks at the paradox and some reasons that it may be avoided.



Sponsors: Joshua Furman, Joshua Opell, NBA_Ruby, Eugene SY, Antoinemp1, Antibody, Ismail Fagundes, Adrien Ecoffet, Tom Amedro, Christopher McGevna, Joao Sa, and Dennis Sexton. Thanks for your support!

Donate on Patreon:   / carneades  

Buy stuff with Zazzle: http://www.zazzle.com/carneades

Follow us on Twitter: @CarneadesCyrene   / carneadescyrene  

Information for this video gathered from The Stanford Encyclopedia of Philosophy, The Internet Encyclopedia of Philosophy, The Cambridge Dictionary of Philosophy, The Oxford Dictionary of Philosophy and more!