Back to the St. Petersburg Paradox?
指出标准累积前景理论参数无法解释圣彼得堡悖论，并证明只有当效用函数的幂系数低于概率权重函数的幂系数时才能解释该悖论。
The conventional parameterizations of cumulative prospect theory do not explain the St. Petersburg paradox. To do so, the power coefficient of an individual’s utility function must be lower than the power coefficient of an individual’s probability weighting function.