Racetrack betting and consensus of subjective probabilities.

DOI10.1016/S0167-7152(03)00009-9zbMath1116.60300OpenAlexW1977024280MaRDI QIDQ1423260

Lawrence D. Brown, Yi Lin

Publication date: 14 February 2004

Published in: Statistics \& Probability Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0167-7152(03)00009-9

zbMATH Keywords

Equilibrium probabilitiesFavorite-longshot biaspari-mutuel betting

Mathematics Subject Classification ID

Axioms; other general questions in probability (60A05)

Related Items

Prediction markets, Bayesian priors, and clinical trials

Cites Work

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• Bounds on the value of information in uncertain decision problems II
• Consensus of Subjective Probabilities: The Pari-Mutuel Method
• Consensus of Subjective Probabilities: A Convergence Theorem