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Does Belief Heterogeneity Explain Asset Prices: The Case of the Longshot Bias
16 references·3 citing·41 second hop
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References

  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 cited
  • 1985Continuous Auctions and Insider Trading9,626 cited
  • 2001Discrete Choice Methods with Simulation7,780 cited
  • 1990Noise Trader Risk in Financial Markets6,259 cited
  • 1985Bid, ask and transaction prices in a specialist market with heterogeneously informed traders6,132 cited
  • 1995Automobile Prices in Market Equilibrium4,939 cited
  • 1994Estimating Discrete-Choice Models of Product Differentiation2,945 cited
  • 1982Information, trade and common knowledge1,738 cited
  • 2004Measuring Expectations1,433 cited
  • 1997One Day in the Life of a Very Common Stock634 cited
  • 1988Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries621 cited
  • 1992Anatomy of an Experimental Political Stock Market551 cited
  • 1998Bettors Love Skewness, Not Risk, at the Horse Track402 cited
  • 1977Probability and Utility Estimates for Racetrack Bettors390 cited
  • 2000Semiparametric qualitative response model estimation with unknown heteroscedasticity or instrumental variables386 cited
  • 1998

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The Economics of Wagering Markets
381 cited

Cited by

  • 2016Essays in Revealed Preference Theory and Behavioral Economics2 cited
  • 2026Decision models and online betting behavior: Comparing mean-variance, expected utility, and prospect theory1 cited
  • 2024An Equilibrium Model of Rollover Lotteries1 cited