The St. Petersburg Paradox (Swiss Institute) - Hardcover

9781942607151: The St. Petersburg Paradox (Swiss Institute)
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In the “St. Petersburg gamble,” the house offers to flip a coin until it comes up heads. The payoff doubles each time tails appears. By conventional definitions, the St Petersburg gamble has an infinite potential return; nonetheless, most players feel that they should not risk more than a few dollars each time. Explaining why people offer such small sums for something with infinite potential remains contentious in both economics and philosophy. The St. Petersburg Paradox embodies Swiss Institute’s longstanding dedication to producing inventive group exhibitions, putting artists across a century (Marcel Duchamp, Ericka Beckman, Hans Arp, Amalia Ulman, Tabor Robak) in dialogue with each other to explore the precarious nature of gaming and the impulses that underlie the way risk is calculated.
Embracing the conceptual framework of an exhibition at Swiss Institute and its related public programs, each book in the SI Series adds retrospective context through seminal essays, archival materials, event transcripts, artist portfolios and exhibition documentation, as well as reprints and new translations of important texts. Each book in the series assumes a unique format to delve into the work of an artist, an artistic movement or a philosophical conundrum.

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Book Description Hardcover. Condition: new. Hardcover. In the St. Petersburg gamble, the house offers to flip a coin until it comes up heads. The payoff doubles each time tails appears. By conventional definitions, the St Petersburg gamble has an infinite potential return; nonetheless, most players feel that they should not risk more than a few dollars each time. Explaining why people offer such small sums for something with infinite potential remains contentious in both economics and philosophy. The St. Petersburg Paradox embodies Swiss Institutes longstanding dedication to producing inventive group exhibitions, putting artists across a century (Marcel Duchamp, Ericka Beckman, Hans Arp, Amalia Ulman, Tabor Robak) in dialogue with each other to explore the precarious nature of gaming and the impulses that underlie the way risk is calculated.Embracing the conceptual framework of an exhibition at Swiss Institute and its related public programs, each book in the SI Series adds retrospective context through seminal essays, archival materials, event transcripts, artist portfolios and exhibition documentation, as well as reprints and new translations of important texts. Each book in the series assumes a unique format to delve into the work of an artist, an artistic movement or a philosophical conundrum. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. Seller Inventory # 9781942607151

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Book Description Hardcover. Condition: new. Hardcover. In the St. Petersburg gamble, the house offers to flip a coin until it comes up heads. The payoff doubles each time tails appears. By conventional definitions, the St Petersburg gamble has an infinite potential return; nonetheless, most players feel that they should not risk more than a few dollars each time. Explaining why people offer such small sums for something with infinite potential remains contentious in both economics and philosophy. The St. Petersburg Paradox embodies Swiss Institutes longstanding dedication to producing inventive group exhibitions, putting artists across a century (Marcel Duchamp, Ericka Beckman, Hans Arp, Amalia Ulman, Tabor Robak) in dialogue with each other to explore the precarious nature of gaming and the impulses that underlie the way risk is calculated.Embracing the conceptual framework of an exhibition at Swiss Institute and its related public programs, each book in the SI Series adds retrospective context through seminal essays, archival materials, event transcripts, artist portfolios and exhibition documentation, as well as reprints and new translations of important texts. Each book in the series assumes a unique format to delve into the work of an artist, an artistic movement or a philosophical conundrum. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. Seller Inventory # 9781942607151

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