Time‐Scale Invariance in Transport and Relaxation
DOI: 10.1063/1.881289
An early theme in probability was calculating the fair ante for various games of chance. Nicolas Bernoulli introduced a seemingly innocent game, first published in 1713, that yielded a paradoxical result. The result has become known as the St. Petersburg paradox, because of an analysis written later by Daniel Bernoulli in the Commentary of the St. Petersburg Academy.
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More about the Authors
Harvey Scher. BP Research, Cleveland, Ohio.
Michael F. Shlesinger. Naval Research, Arlington, Virginia.
John T. Bendler. General Electric Company, Schenectady, New York.
