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Do bettors prefer long shots because they are risk-lovers, or are they just overconfident?

โœ Scribed by Joseph Golec; Maurry Tamarkin

Book ID
105085161
Publisher
Springer
Year
1995
Tongue
English
Weight
865 KB
Volume
11
Category
Article
ISSN
0895-5646

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๐Ÿ“œ SIMILAR VOLUMES

Do bettors prefer long shots because the
Do bettors prefer long shots because they are risk-lovers, or are they just overconfident? : 074068 (E12) Golec J., Tamarkin M., Clark University, Worcester, Journal of Risk and Uncertainty, Vol. 11, nr. 1, 1995, pp. 51โ€“64
๐Ÿ“‚ Article ๐Ÿ“… 1996 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 117 KB

Lute and Fishburn (1991) derived a general rank-dependent utility model using an operation @ of joint receipt. Their argument rested on an empirically supported property (now) called segregation and on the assumption that utility is additive over CD. This note generalizes that conclusion to the cas