A dual theory approach to estimating risk preferences in the parimutuel betting market
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DOI: 10.1007/s00181-017-1258-x
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Cited by:
- Alex Gershkov & Benny Moldovanu & Philipp Strack & Mengxi Zhang, 2023. "Optimal Insurance: Dual Utility, Random Losses and Adverse Selection," ECONtribute Discussion Papers Series 242, University of Bonn and University of Cologne, Germany.
- Jinook Jeong & Jee Young Kim & Yoon Jae Ro, 2019.
"On the efficiency of racetrack betting market: a new test for the favourite-longshot bias,"
Applied Economics, Taylor & Francis Journals, vol. 51(54), pages 5817-5828, November.
- Jinook Jeong & Jee Young Kim & Yoon Jae Ro, 2017. "On the Efficiency of Racetrack Betting Market: A New Test for the Favorite-Longshot Bias," Working papers 2017rwp-106, Yonsei University, Yonsei Economics Research Institute.
- Marius Ötting & Christian Deutscher & Carl Singleton & Luca De Angelis, 2023. "Gambling on Momentum in Contests," Economics Discussion Papers em-dp2023-08, Department of Economics, University of Reading.
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More about this item
Keywords
Allais paradox; Dual theory; Probability weighting function; Rank-dependent utility;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
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