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Applications of real options can be found in real assets, but not in sports. This article proposes the real options model and applies it to baseball games, allowing the option to switch between the two teams during the game. We believe this is the first attempt to apply the switching options to...
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calls for regulation because if their gambling like elements. Japan had similar mechanics in games for a long time called … Lootboxes are in comparison to "Gacha" in Japan and investigates whether they would qualify as gambling using a gambling … taxonomy. Lootboxes and Gacha can be seen as very similar and comparable and both would not qualify as gambling in traditional …
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This paper investigates whether the overpricing of out-of-the money single stock calls can be explained by Tversky and Kahneman's (1992) cumulative prospect theory (CPT). We argue that these options are overpriced because investors' overweight small probability events and overpay for such...
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