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Gain seeking preferences
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Markowitz model of utility
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bookmaker choice of spreads versus odds markets
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limits to odds on betting
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lopsided contests
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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 …
Persistent link: https://www.econbiz.de/10010665527
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