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Constant Bet Size? Don't Bet on It! Testing Expected Utility Theory on Betfair Data
15 references·1 citing·31 second hop
Constant Bet Size? Don't Bet on It! Testing Expected Utility Theory on Betfair Data (2015)Constant Bet Size? Don't Bet on It! Testi…Explaining the Favorite–Long Shot Bias: Is it Risk-Love or Misperceptions? (2010)Explaining the Favorite–Long …Explaining the Favorite-Longshot Bias: Is it Risk-Love or Misperceptions? (2010)Explaining the Favorite-Longs…Explaining the Favorite-Longshot Bias: Is it Risk-Love or Misperceptions? (2010)Explaining the Favorite-Longs…The representative bettor, bet size, and prospect theory (2003)The representative bettor, be…Estimating Preferences under Risk: The Case of Racetrack Bettors (2000)Estimating Preferences under …Tade Akin Aina, Globalization and Social Policy in Africa: issues and research directions. Working Paper series 6/96, Dakar: CODESRIA, 1997, 92 pp., US$13.75, ISSN 0850 8895. (1998)Tade Akin Aina, Globalization…Estimating Preferences Under Risk: The Case of Racetrack Bettors (1998)Estimating Preferences Under …Bettors Love Skewness, Not Risk, at the Horse Track (1998)Bettors Love Skewness, Not Ri…Marginal risk aversion and preferences in a betting market (1996)Marginal risk aversion and pr…On utility function estimation of racetrack bettors (1992)On utility function estimatio…Advances in prospect theory: Cumulative representation of uncertainty (1992)Advances in prospect theory: …A theory of anticipated utility (1982)A theory of anticipated utili…Probability and Utility Estimates for Racetrack Bettors (1977)Probability and Utility Estim…Utility Analysis and Group Behavior: An Empirical Study (1965)Utility Analysis and Group Be…Odds Adjustments by American Horse-Race Bettors (1949)Odds Adjustments by American …The Longshot Bias Is a Context Effect (2022)The Longshot Bias Is a Contex…Judgment under Uncertainty: Heuristics and Biases (1975)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Individual differences in reasoning: Implications for the rationality debate? (2000)A perspective on judgment and choice: Mapping bounded rationality. (2003)RATIONAL CHOICE AND THE FRAMING OF DECISIONS (1988)Theory of games and economic behavior (2019)The Utility Analysis of Choices Involving Risk (1948)Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)Prediction Markets in Theory and Practice (2006)Do Investors Overpay for Stocks with Lottery-Like Payoffs? An Examination of the Returns on OTC Stocks (2011)Heterogeneity, Demand for Insurance, and Adverse Selection (2017)Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries (1988)The Economics of Wagering Markets (1998)On the Efficiency and Equity of Betting Markets (1976)Racetrack betting and informed behavior (1982)Market Efficiency in Racetrack Betting (1984)Conditional Skewness in Asset Pricing Tests (2000)Why are Gambling Markets Organised so Differently from Financial Markets? (2004)Equity Portfolio Diversification (2008)HORSE RACING: TESTING THE EFFICIENT MARKETS MODEL (1978)Efficiency of the Market for Racetrack Betting (1981)On the state of the art: risk communication to the public (2001)Happiness adaptation to income and to status in an individual panel (2010)Probability and Risk: Foundations and Economic Implications of Probability-Dependent Risk Preferences (2012)Thirty Years of Prospect Theory in Economics: A Review and Assessment (2012)The Psychology of Tail Events: Progress and Challenges (2013)The Quality of Insurance Intermediary Services—Empirical Evidence for Germany (2010)Discrete Actions in Information-Constrained Tracking Problems (2011)Monetary Policy Rule, Exchange Rate Regime, and Fiscal Policy Cyclicality in a Developing Oil Economy (2016)
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References

  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 cited
  • 1982A theory of anticipated utility3,136 cited
  • 1998Bettors Love Skewness, Not Risk, at the Horse Track402 cited
  • 1977Probability and Utility Estimates for Racetrack Bettors390 cited
  • 2010Explaining the Favorite–Long Shot Bias: Is it Risk-Love or Misperceptions?318 cited
  • 1949Odds Adjustments by American Horse-Race Bettors306 cited
  • 2000Estimating Preferences under Risk: The Case of Racetrack Bettors237 cited
  • 1965Utility Analysis and Group Behavior: An Empirical Study156 cited
  • 1998Tade Akin Aina, Globalization and Social Policy in Africa: issues and research directions. Working Paper series 6/96, Dakar: CODESRIA, 1997, 92 pp., US$13.75, ISSN 0850 8895.138 cited
  • 2010Explaining the Favorite-Longshot Bias: Is it Risk-Love or Misperceptions?84 cited
  • 1998Estimating Preferences Under Risk: The Case of Racetrack Bettors49 cited
  • 2010Explaining the Favorite-Longshot Bias: Is it Risk-Love or Misperceptions?44 cited
  • 1992On utility function estimation of racetrack bettors31 cited
  • 2003The representative bettor, bet size, and prospect theory21 cited
  • 1996Marginal risk aversion and preferences in a betting market

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  • 2022The Longshot Bias Is a Context Effect5 cited