Politická ekonomie 2006, 54(1):56-62 | DOI: 10.18267/j.polek.546

Petrohradský paradox a rovná daň

Jiří Nečas
University of Economics, 4, W. Churchill Sq., Prague, Czech Republic

Petersburg paradox and equal taxation

Daniel Bernoulli's explanation of Petersburg paradox is a special case of general Weber-Fechner's law for area of economy. Till now, this law used to be used outside the area of physics only very rarely. From social point of view, more attention should be payed to subjective perception of economic quantities. This leads to more often use of geometrical mean. Considering Weber-Fechner's law, I can receive a non-traditional view on so called equal taxation.

Keywords: Peterburg paradox, equal taxation, perception of quantities, geometrical mean, characteristic value of income, Weber-Fechner?s law
JEL classification: C20, E62, H24

Published: February 1, 2006  Show citation

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Nečas, J. (2006). Petersburg paradox and equal taxation. Politická ekonomie54(1), 56-62. doi: 10.18267/j.polek.546
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