General Mathematics

    

Resolvement of the St. Petersburg Paradox and Improvement of Pricing Theory

Authors: Dahang Li

The St. Petersburg Paradox was proposed before two centuries. In the paper we proposed a new pricing theory with several rules to solve the paradox and state that the fair pricing should be judged by buyer and seller independently. The pricing theory we proposed can be applied to financial market to solve the confusion with fat tails.

Comments: 8 Pages.

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Submission history

[v1] 2020-02-13 04:56:22

Unique-IP document downloads: 251 times

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