Publication:
St. Petersburg Paradox and Failure Probability

dc.contributor.authorFontana, Jake
dc.contributor.authorPalffy-Muhoray, Peter
dc.contributor.departmentU.S. Naval Research Laboratory
dc.contributor.departmentKent State University
dc.date2023-09-24T04:34:42.000
dc.date.accessioned2024-04-26T18:48:59Z
dc.date.available2024-04-26T18:48:59Z
dc.date.issued2020-01-01
dc.description<p>The uploaded version of this paper can be found here: <a href="https://arxiv.org/abs/2002.00769v2">https://arxiv.org/abs/2002.00769v2</a>.</p>
dc.description.abstractThe St. Petersburg paradox provides a simple paradigm for systems that show sensitivity to rare events. Here, we demonstrate a physical realization of this paradox using tensile fracture, experimentally verifying for six decades of spatial and temporal data and two different materials that the fracture force depends logarithmically on the length of the fiber. The St. Petersburg model may be useful in a variety fields where failure and reliability are critical.
dc.identifier.doihttps://doi.org/10.1103/PhysRevLett.124.245501
dc.identifier.urihttps://hdl.handle.net/20.500.14394/36099
dc.relation.ispartofPhysical Review Letters
dc.relation.urlhttps://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1015&amp;context=muri_pubs&amp;unstamped=1
dc.source.issue24
dc.source.issue124
dc.source.statuspublished
dc.titleSt. Petersburg Paradox and Failure Probability
dc.typearticle
dc.typearticle
digcom.contributor.authorFontana, Jake
digcom.contributor.authorPalffy-Muhoray, Peter
digcom.identifiermuri_pubs/12
digcom.identifier.contextkey19834839
digcom.identifier.submissionpathmuri_pubs/12
dspace.entity.typePublication
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