Nicolaus Bernoulli, nephew of Jacob Bernoulli (1655-1705), wrote the St. Petersburg Paradox in 1713. After it was published, a Swiss mathematician named Gabrial Cramer sent him a solution, which Bernoulli did not think was adequate, so he sent it to his cousin, Daniel Bernoullli (1700-1782), a member of the Imperial Academy at St. Petersburg. Daniel published the problem in a memoir, making the problem much more popular and giving the problem its name.
