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1answer
215 views

Expected utility and St. Petersburg paradox

Can someone explain to me how they get the $10.94$ at the Expected utility theory section of the solutions to the St. Petersburg paradox? My problem is that they use a formula to calculate the ...
1
vote
1answer
1k views

Simple math formula to calculate average

I am making a software that deals with employee trust. I am trying to make a math formula (no need to tell that I am bad in math :) ). Here is the scenario: ...