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On the Implications of the
Markowitz
Model
of Utility embodying Gain Seeking Preferences for Odds on Betting and Bookmakers choice of Spread or Odds Betting
Peel, David Alan
- In:
Economics Bulletin
33
(
2013
)
2
,
pp. 1420-1428
We demonstrate in a parametric formulation of the
Markowitz
model
of utility that unless agents are initially gain …
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