Betting and Equilibrium

DOI10.2307/1884650zbMath0586.90024OpenAlexW2056099148MaRDI QIDQ3713819

Richard E. Quandt

Publication date: 1986

Published in: The Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1884650

zbMATH Keywords

probabilities of winningbetting marketrisk-loving bettors

Mathematics Subject Classification ID

Mathematical economics (91B99)

Related Items (7)

Misunderstanding of the binomial distribution, market inefficiency, and learning behavior: evidence from an exotic sports betting market ⋮ Turning the heat on financial decisions: examining the role temperature plays in the incidence of bias in a time-limited financial market ⋮ Betting market efficiency and prediction in binary choice models ⋮ On the observational implications of Knightian uncertainty ⋮ An axiomatic characterization of wagering mechanisms ⋮ Gamblers favor skewness, not risk: Further evidence from United States' lottery games ⋮ The gambler's fallacy and the hot hand: empirical data from casinos

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