The Saint Petersburg paradox
Metadatos
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Metadatos
Título
The Saint Petersburg paradoxAutoría
Tutor/Supervisor; Universidad.Departamento
Jiménez Fernández, Eduardo; Universitat Jaume I. Departament d'EconomiaFecha de publicación
2020-06-08Editor
Universitat Jaume IResumen
This essay is based on the Saint Petersburg paradox, a game where traders have to
choose between a risky and a risk-free option, with the risky one to have an higher
expected value. In order to recreate this experiment ... [+]
This essay is based on the Saint Petersburg paradox, a game where traders have to
choose between a risky and a risk-free option, with the risky one to have an higher
expected value. In order to recreate this experiment I run a questionnaire answered by
one hundred people from different Spanish geographical zones. My sample is composed
by people with differents ages, gender and education level. My results show that there
are different factors able to explain the selected option. The investigated variables are:
genders, age, the level of education and gambling addiction. Gender has not any
influence on the election, age influences negatively, lottery influences only the odd
elections and university influences positively. As a general aspect, I can affirm that
individuals select the action that seems most advantageous without taking the expected
value into account.
As a general conclusion, we can say that the rationality theory does not apply in this
essay.
My essay is divided into 3 parts: First, I define what is a game, what is the game theory
and why I decided to create this experiment. Second, I explain the questionnaire, define
my sample and solve mathematically the model. Finally, there are my conclusions. [-]
Palabras clave / Materias
Descripción
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2019-2020
Tipo de documento
info:eu-repo/semantics/bachelorThesisDerechos de acceso
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/restrictedAccess
info:eu-repo/semantics/restrictedAccess
Aparece en las colecciones
- Grau en Economia [289]