It takes all sorts: a heterogeneous agent explanation for prediction market mispricing

DOI10.1016/j.ejor.2018.04.011zbMath1403.91263OpenAlexW2796790648MaRDI QIDQ1651709

Frank McGroarty, Johnnie E. V. Johnson, Valerio Restocchi, Enrico H. Gerding

Publication date: 12 July 2018

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://eprints.soton.ac.uk/419718/1/it_takes_all_sorts_accepted_paper.pdf

zbMATH Keywords

forecastingagent-based modellingOR in sportscognitive biasOR in prediction markets

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Heterogeneous agent models (91B69)

Related Items (3)

Turning the heat on financial decisions: examining the role temperature plays in the incidence of bias in a time-limited financial market ⋮ Betting market equilibrium with heterogeneous beliefs: a prospect theory-based model ⋮ Convex combinations in judgment aggregation

Cites Work

• A discontinuous mispricing model under asymmetric information
• Heterogeneous beliefs, regret, and uncertainty: the role of speculation in energy price dynamics
• Estimating risk preferences of bettors with different bet sizes
• Advances in prospect theory: cumulative representation of uncertainty
• A mispricing model of stocks under asymmetric information
• Prospect Theory: An Analysis of Decision under Risk
• A Rational Route to Randomness
• The Probability Weighting Function
• Does Belief Heterogeneity Explain Asset Prices: The Case of the Longshot Bias

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