A new mathematical expectation formula with some hypotheses, notions and propositions was given to get rid of the challenge of St. Petersburg paradox and Pascal's wager. Relevant results show that it is very effec...A new mathematical expectation formula with some hypotheses, notions and propositions was given to get rid of the challenge of St. Petersburg paradox and Pascal's wager. Relevant results show that it is very effective to apply the model to solve the expected revenue problems containing random events with low proba-bility but high revenue. This work also provides the probability theory with a more widely applied perspective in group decision-making.展开更多
基金the Scientific Research Foundation of Hunan Education Department (No. 05C185)
文摘A new mathematical expectation formula with some hypotheses, notions and propositions was given to get rid of the challenge of St. Petersburg paradox and Pascal's wager. Relevant results show that it is very effective to apply the model to solve the expected revenue problems containing random events with low proba-bility but high revenue. This work also provides the probability theory with a more widely applied perspective in group decision-making.
