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Utility Analysis And Group Behavior An Empirical Study

In: Efficiency Of Racetrack Betting Markets

Author

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  • MARTIN WEITZMAN

    (Massachusetts Institute of Technology, USA)

Abstract

The following sections are included:INTRODUCTIONTHE EXPECTED-UTILITY HYPOTHESISEXPERIMENTAL BACKGROUND: THE RACE TRACK AND PARIMUTUEL BETTINGTHE EXPERIMENTAL PROBABILITY CURVEFORMULATION OF THE MODEL MR. AVMARTAVMART'S INDIFFERENCE CURVEAVMART'S UTILITY OF MONEY CURVECONCLUSION

Suggested Citation

  • Martin Weitzman, 2008. "Utility Analysis And Group Behavior An Empirical Study," World Scientific Book Chapters, in: Donald B Hausch & Victor SY Lo & William T Ziemba (ed.), Efficiency Of Racetrack Betting Markets, chapter 9, pages 47-55, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812819192_0009
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    Keywords

    Racetrack Efficiency; Racetrack Betting Market; Racetrack Betting; Win Market; Finance;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance

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