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Schlag, Karl H.; Zapechelnyuk, Andriy - 2016

Persistent link: https://www.econbiz.de/10011583391

Olszewski, Wojciech; Sandroni, Alvaro - In: Theoretical economics : TE ; an open access journal in … 2 (2007) 1, pp. 1-13

mitigated by screening contracts that separate informed from uninformed experts. This result stands in contrast with the …

Persistent link: https://www.econbiz.de/10011702645

Learning form experts

Valsecchi, Irene (contributor) - 2008

The survey is concerned with the issue of information transmission from experts to non-experts. Two main approaches to … the use of experts can be traced. According to the game-theoretic approach expertise is a case of asymmetric information … the expert’s performance. According to the Bayesian decision-theoretic approach the expert is the agent who announces his …

Persistent link: https://www.econbiz.de/10003715276

Experts and decision makers in crisis situations

Rosenthal, Uriel; Hart, Paul 't - 2008

Persistent link: https://www.econbiz.de/10003718769

Expert analysis and insider information in horserace betting : regulating informed market behavior

Peirson, John (contributor); Smith, Michael A. (contributor) - 2008

We present a new model analyzing the effect of uncertainty faced by bookmakers. It is shown that bettors with inside information or expert analysis decrease the odds set by profit maximizing bookmakers. Data on previously unraced two year old horses and those that have raced previously are used...