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St petersburg paradox

The user wants an encyclopedia-style article about the "St. Petersburg paradox" for Diversification.com. I have successfully gathered the necessary information and validated the external links. I have also prepared a list of internal links. I will now proceed with writing the article according to the specified structure and formatting.

Inferred Terms:

  • [TERM]: St. Petersburg paradox
  • [RELATED_TERM]: Expected Utility Theory
  • [TERM_CATEGORY]: Decision Theory

External Links (Verified):

  1. https://www.econlib.org/library/Bernoulli/brnTH.html (Bernoulli's "Exposition of a New Theory on the Measurement of Risk")
  2. https://www.frbsf.org/economic-research/publications/economic-letter/2012/june/st-petersburg-paradox-and-expected-utility/ (FRBSF on the paradox and expected utility)
  3. https://plato.stanford.edu/entries/paradox-st-petersburg/ (Stanford Encyclopedia of Philosophy on the paradox)
  4. https://mathworld.wolfram.com/StPetersburgParadox.html (Wolfram MathWorld on the mathematical aspect)

Internal Links (15 unique, to be used once each):

  1. Expected Value
  2. Utility
  3. Risk Aversion
  4. Indifference Curve
  5. Marginal Utility
  6. Probability
  7. Random Variable
  8. Decision Making
  9. Game Theory
  10. Behavioral Economics
  11. Rational Choice Theory
  12. Expected Utility Hypothesis
  13. Wealth
  14. Bernoulli Principle
  15. Asset Allocation

I will ensure all terms are defined, markdown is correct (especially for math), and all linking rules are strictly followed.12, 34, 56, 789, 1011121314151617, 1819, [20](https://diposit.u[34](https://www.google.com/search?q=time+in+Saint+Petersburg,+RU), 35, 36b.edu/dspace/bitstream/2445/53485/1/TFG_utility_functions.pdf)21, 222324, 25, 262728, 29[30](http://www.econport.org/content/handbook/decisions-uncertain[32](https://invezz.com/definitions/st-petersburg-paradox/), 33ty/basic/paradox.html)31

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