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Decision - Theoretic analysis of the alternating St. Peterburg Lottery

$20-40 SGD

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Posted almost 9 years ago

$20-40 SGD

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This is a Micro-Economic project that is due on 10 June 2015 5pm (GMT +8). At least 12 academic journal Chicago style reference are needed. Report is to be 1250 words excluding references. Only experienced and well-versed writers with full knowledge of the topic are to bid for this project. Criteria for the assignment is provided below and a document with essential information are attached here. Assignment topic: “Decision-theoretic analysis of the alternating St. Petersburg lottery”. For the purposes of this research essay, the alternating St. Petersburg lottery is the following gamble. You toss a fair coin several times until heads come up for the first time. You receive $2 if heads come up on the first coin toss. You have to pay $4 if heads come up for the first time on the second coin toss (i.e., tails come up on the first coin toss but then heads come up on the second coin toss). You receive $8 if heads come up for the first time on the third coin toss (i.e., tails come up on the first and the second coin toss but then heads come up on the third coin toss). You have to pay $16 if heads come up for the first time on the fourth coin toss (i.e., tails come up on the first, second and third coin toss but then heads come up on the fourth coin toss). You receive $32 if heads come up for the first time on the fifth coin toss and so on. In other words, you receive (-1)^(n+1)*2^n dollars if heads come up for the first time on the n-th coin toss (with a usual convention that you receive positive dollar amounts but must pay negative dollar amounts). A good research essay should address the following points (up to a maximum of 30 points): A)Calculate the expected value of the alternating St. Petersburg lottery in form of an infinite series (5 points); B)Discuss the properties of this series; does it converge to a finite expected value? (5 points); C)Using your practical understanding of choice under risk and uncertainty, discuss what would be a reasonable value of the alternating St. Petersburg lottery; how much are you willing to pay in order to play such a lottery? (5 points); D)Using your theoretical understanding of choice under risk and uncertainty, discuss how such reasonable value can be rationalized/explained; for example, you may calculate the expected utility of the alternating St. Petersburg lottery with a specific concave utility function (15 points)
Project ID: 7812971

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8 proposals
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Active 9 yrs ago

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Being an experience academic writer and well researcher. I am 100% confident I can do this project perfectly. I have already written PhD and Master's Level Paper for UK and US Students and I can easily work on it. Please consider my bid for high quality work. Thanks..!!
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Hello! If you want your task to be done by a qualified and professional academic writer; please feel free to contact me at your earliest. I am as excited as you to present this paper in wonderful style. I always come up with the quality work on time and offer unlimited revisions unless you are satisfied. I have fine knowledge of referencing, using literature and putting ideas into beautiful words yet maintaining the highest academic standards. Moreover, I have zero tolerance for plagiarism and I always produce plagiarism free work. Looking forward to hear good from you soon. Thanks! http://www.freelancer.com/u/xazoo.html
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A+ ACADEMIC WRITER HERE ---- Ready to start this work expect HIGH QUALITY from me. Looking Forward....Thank you!
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Hi, I am a professional writer, and I have some expert academic writers. They are very proficient. I always check and recheck before sending to the client. Do not worry about deadline. I am eagerly waiting for your response. Thanks with best regards Hasan
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Dear Hiring Manager, Thank you for this wonderful opportunity. Your job post has caught my attention because I'm article writing addict and I’m considering your job for me with these required capabilities. I have excellent experience in article writing in English language. I have good command over English grammar, English Basic Skills, English Spelling, English Vocabulary, U.S. English Sentence Structure, U.S. English Punctuation, Direct & Indirect Narration, Active Voice & Passive Voice, Conjunctions, Prepositions, Prepositional phrases, Verb phrases, Tenses, Noun phrases, Pronouns, Adverbs, Adjective phrases, and other grammar related topics. I have already written many articles such as academic writing, report writing, article writing done lots of assignment , research proposal and I can provide you samples. I believe my capabilities would be perfect for your project. I can finish this job within the necessary interval. I have one year of experience in this field. “Moving forward, I can commit 30-40 hours/week for your job, and my everyday time are flexible. I’m very motivated to provide my services for your job. You can contact me immediately to discuss this position further.” I have done these following tasks: Assignment: Green Movement, Multiple cultures, Strategic Management. Article: History, Technology, Research proposal, Dissertation on Business management Regards Motiur
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Hello I'm creative with superb writing skills and a passion for the job. I don't just get over projects but I always effort to deliver the best as per clients' requirements and leave them satisfied. Kindly give me more details and consider me for the job. Thank you in advance
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Dear Sir/Madam, Hello, I am offering you the best of the best quality writing services. This I offer according to your budget with around the clock customer service support. Do you have an urgent project? Are you stuck with your project? I am more than ready to assist you with your project. I am a proficient academic writer and researcher with over six years writing experience. I have handled over 2,000 projects for native clients from Canada, Australia, the UK, and the US. I have a deep passion for writing and research work. I handle clients with utmost care and respect and they are always happy and recommend my work. Once I accept a project, I am certain I will not only accomplish it on time but I will also ensure I observe confidentiality and discretion. My great happiness and satisfaction is to see you pleased and contented with the completed project. Even more, my desire is to maintain a cordial relationship with you, which will reciprocally benefit us. I am without a doubt I will deliver top-notch papers and I believe you will be satisfied with my papers. I am certainly sure you will love my work. Thank you in advance
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Get a premium quality of work done by premium writer who possess command in compiling your project requirements, either it be research analysis, case studies, thesis or any versatile academic task, in top class words.
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I'm a Psychology major who has a strong foundation on game theory, as well as micro- and macro- economics. I can certainly finish the job in time and am proficient in English with a score of 95% in freelancer's english proficiency exam.
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Flag of SINGAPORE
Singapore, Singapore
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Member since Oct 14, 2014

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