The representative bettor, bet size, and prospect theory

DOI10.1016/S0165-1765(02)00247-1zbMath1254.91064MaRDI QIDQ1925979

Ian Bradley

Publication date: 27 December 2012

Published in: Economics Letters (Search for Journal in Brave)

zbMATH Keywords

prospect theorygamblingfavourite-longshot biasrepresentative bettor

Mathematics Subject Classification ID

Probabilistic games; gambling (91A60)

Related Items (2)

Estimating risk preferences of bettors with different bet sizes ⋮ Efficiency of Betting Markets and Rationality of Players: Evidence from the French 6/49 Lotto

Cites Work

• Advances in prospect theory: cumulative representation of uncertainty
• Violations of the betweenness axiom and nonlinearity in probability
• Bounds on the value of information in uncertain decision problems II
• Prospect Theory: An Analysis of Decision under Risk

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