Specimen Theoriae Novae de Mensura Sortis.¶
Bernoulli, D. (1738). Specimen Theoriae Novae de Mensura Sortis. Commentarii Academiae Scientiarum Imperialis Petropolitanae, 5(1), 175-192.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Expected Utility
- Bernoulli (1738) anticipated this two centuries before the axioms, resolving the St. Petersburg paradox by proposing that people value the logarithm of wealth rather than wealth itself, so that a bet with infinite expected money commands only a finite price.
This sourceResolves the St. Petersburg paradox by proposing that people value the logarithm of wealth rather than wealth itself, so a bet with infinite expected money commands only a finite price
- Bernoulli (1738) anticipated this two centuries before the axioms, resolving the St. Petersburg paradox by proposing that people value the logarithm of wealth rather than wealth itself, so that a bet with infinite expected money commands only a finite price.
- Logarithmic Perception and Encoding
- Economics (Bernoulli) — diminishing marginal utility of wealth is canonically modelled as log-utility; a proportional gain feels comparable across starting points.
This sourceProposes logarithmic utility of wealth, so a proportional gain has comparable value across starting points.
- Economics (Bernoulli) — diminishing marginal utility of wealth is canonically modelled as log-utility; a proportional gain feels comparable across starting points.
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Links previously used in the corpus¶
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Registry ID ref:4133835c4dde · see in the full table