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Coarse Addition and the St. Petersburg Paradox: A Heuristic Perspective
Takashi Izumo
https://arxiv.org/abs/2507.12475 https://arxiv.…

Coarse Addition and the St. Petersburg Paradox: A Heuristic Perspective
The St. Petersburg paradox presents a longstanding challenge in decision theory. It describes a game whose expected value is infinite, yet for which no rational finite stake can be determined. Traditional solutions introduce auxiliary assumptions, such as diminishing marginal utility, temporal discounting, or extended number systems. These methods often involve mathematical refinements that may not correspond to how people actually perceive or process numerical information. This paper explores …