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Two-stage lotteries wuthout the reduction axiom
Segal, Uzi - 1987
Persistent link: https://www.econbiz.de/10003677345
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Infinite horizon temporal lotteries and expected utility theory
Epstein, Larry - 1986
Persistent link: https://www.econbiz.de/10003540946
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The rationality of accepting compounds of unattractive gambles
Chew, Soo Hong; Epstein, Larry G. - 1987
Persistent link: https://www.econbiz.de/10003512930
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Toward an understanding of the BDM: predictive validity, gambling effects, and risk attitude
Lehmann, Sebastian - 2015
Persistent link: https://www.econbiz.de/10010504619
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Is brain activity observable that leads to an evaluation of a probability of 0,5 that is different from 0,5 in binary lottery choices?
Heldmann, Marcus; Morgenstern, Ralf; Münte, Thomas Frank - 2009
Persistent link: https://www.econbiz.de/10003803808
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The wisdom of no crowds: the reaction of betting markets to lockdown soccer games
Hegarty, Tadgh; Whelan, Karl - 2022
The support of home spectators is one of the contributing factors to the home advantage effect in sports matches. The Covid-19 pandemic led to European soccer matches being played without spectators. We show that betting markets adjusted swiftly to account for a reduced home advantage in both...
Persistent link: https://www.econbiz.de/10013191361
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Asset pricing equilibria with indivisible goods
Han, Han; Julien, Benoît; Ásgerdur Pétursdóttir; … - 2017
Persistent link: https://www.econbiz.de/10011892373
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Risk aversion and favorite-longshot bias in a competitive fixed-odds betting market
Whelan, Karl - 2022
Research on sports betting markets has generally found a favorite-longshot bias, the empirical pattern for loss rates for bets on longshots to be higher than for favorites, which implies the odds do not reflect the underlying probabilities. The existing literature focuses largely on pari-mutuel...
Persistent link: https://www.econbiz.de/10013332658
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US taxation of gambling winnings and incentives to bet
Whelan, Karl - 2022
the treatment of gambling winnings and losses in the federal tax code and shows how the system may incentivize some … fact that gambling losses can only be deducted if taxpayers are filing for itemized deductions, meaning the scale of … gambling losses has to be large enough to push a taxpayer's eligible deductions over the standard deduction. This incentive to …
Persistent link: https://www.econbiz.de/10013332675
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How does inside information affect sports betting odds?
Whelan, Karl - 2023
We describe how the presence of insiders with superior information about potential outcomes of sporting events affects odds set by bookmakers, using a generalized version of the model in Shin (1991). The model has been widely cited as an explanation for the pattern of favorite-longshot bias...
Persistent link: https://www.econbiz.de/10014325167