title: The time resolution of the St Petersburg paradox.
abstract: A resolution of the St Petersburg paradox is presented. In contrast to the standard resolution, utility is not required. Instead, the time-average performance of the lottery is computed. The final result can be phrased mathematically identically to Daniel Bernoulli's resolution, which uses logarithmic utility, but is derived using a conceptually different argument. The advantage of the time resolution is the elimination of arbitrary utility functions.
authors: Department of Mathematics and Grantham Institute for Climate Change, Imperial College London, London SW7 2AZ, UK. ole@santafe.edu
authors: Ole
authors: O
authors: Peters