Explaining the Favorite-Longshot Bias: Is it Risk-Love or Misperceptions?Erik Snowberg, Justin J. Wolfers2010-01-01preprintSSRN Electronic Journal84 citationsgreenNo readable copy stored yet — this record is metadata only.Decision-Making and Behavioral EconomicsFinancial Markets and Investment StrategiesSports Analytics and PerformanceAbstractNo abstract was published for this record.Citations in this libraryStored only when both papers are in the corpus — 84 citations exist upstream.References1988Prospect theory: An analysis of decision under risk1953Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine1948The Utility Analysis of Choices Involving Risk2005PROBABILITY WEIGHTING FUNCTION1994Violations of the betweenness axiom and nonlinearity in probability1988Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries1998Bettors Love Skewness, Not Risk, at the Horse Track1977Probability and Utility Estimates for Racetrack BettorsCited by2006Prediction Markets in Theory and Practice2017Heterogeneity, Demand for Insurance, and Adverse Selection2011Do Investors Overpay for Stocks with Lottery-Like Payoffs? An Examination of the Returns on OTC Stocks2012Do Financial Markets Reward Buying or Selling Insurance and Lottery Tickets?2019The Volatility Effect Revisited2012Conglomerate Investment, Skewness, and the CEO Long Shot Bias2021What Drives Demand for State-Run Lotteries? Evidence and Welfare Implications2014Do Institutional and Individual Investors Differ in Their Preference for Financial Skewness?