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Petra Kosonen

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Open access Sep 2026

Pascal's Hell

Expected utility maximization with unbounded utilities implies that tiny probabilities of huge positive or negative payoffs can dominate overall expected‐utility calculations. In other words, it leads to fanaticism . Fanaticism is counterintuitive, as illustrated by cases such as Pascal's Mugging and the St. Pete...

Petra Kosonen · 0 citations

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