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is catch-22 a paradox of some kind? |
explanation for moving St. Petersburg paradox to different category |
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Is [[Catch-22]] an example of one of these types of paradoxes? Essentially, "to get out of the army, you have to be crazy. But if you want to get out of the army, you're clearly sane." The wiki entry on catch-22 refers to it as "circular logic," but doesn't that qualify under one or more of these categories? [[User:Elf|Elf]] 03:05, 10 Feb 2004 (UTC)
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<''Copied from user talk pages''>
You <''Paullusmagnus, that is''> wrote:
"St. Petersburg isn't a paradox at all -- you have to assume that utility is proportional to quantity."
I thought so too, until I read the [http://plato.stanford.edu/entries/paradox-stpetersburg/ external link] at the bottom of the [[St. Petersburg paradox]] page. It turns out that you can reformulate the problem by paying off in "utiles" (the unit for measuring utility) instead of dollars, so that the structure of the paradox remains unchanged (i.e. infinite expected payoff but unwillingness to make the bet). -- [[User:Cyan|Cyan]] 22:23, 25 Feb 2004 (UTC)
That'll teach me to think that I understand a paradox. The external link is a great explanation, and I'm partial to the "utility limit" theory, myself. Seeing as the solution depends on what exactly "utility" is, do you think we should move it to the "Conditional paradoxes" section? [[User:Paullusmagnus|Paullusmagnus]] 18:32, 26 Feb 2004 (UTC)
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Sounds good to me. I'll do it. -- [[User:Cyan|Cyan]] 18:44, 26 Feb 2004 (UTC)
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