E811 -- Vera aestimatio sortis in ludis

(The true valuation of the risk in games)

Summary:

This paper is about the St. Petersburg problem. Its content is similar to that of Daniel Bernoulli's "Specimen theoriae novae de mensura sortis."

Publication:

Originally published in Opera Postuma 1, 1862, pp. 315-318
Opera Omnia: Series 1, Volume 7, pp. 458 - 465

Documents Available:

Original publication: E811
Richard Pulskamp has put together a fantastic page on Euler's Probability & Statistics, including a lot of interesting background and historical work. The page includes a translation of E811.

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