The St Petersburg Paradox [1] has numerous solutions. While D. Bernoulli's solution is interesting in that it introduces the concept of Utility, it isn't the mo

The St Petersburg Paradox [1] has numerous solutions. While D. Bernoulli's solution is interesting in that it introduces the concept of Utility, it isn't the most satisfying to me. The simplest solution is to recognize that a real world casino has an upper bound to what it can pay, and you can't realistically get more than that. With that upper bound, the expected payout is now finite, and actually pretty small, even for absurdly large upper bounds on the maximum payout (such as "all the money in the world"). [1] https://en.wikipedia.org/wiki/St._Petersburg_paradox https://en.wikipedia.org/wiki/St._Petersburg_paradox