Maybe Bernoulli’s 1738 paper on the St Petersburg paradox, where he suggested that utility should be the log of wealth.
Really? That’s cool. How about the slightly more general version that I stated down-thread? I hope at least that one would have been news to Bernoulli, entropy hadn’t been invented yet.
Maybe Bernoulli’s 1738 paper on the St Petersburg paradox, where he suggested that utility should be the log of wealth.
Really? That’s cool. How about the slightly more general version that I stated down-thread? I hope at least that one would have been news to Bernoulli, entropy hadn’t been invented yet.