Wagering on more than one outcome in an event in Cumulative Prospect Theory and Rank Dependent Utility

C-Tier
Journal: Economics Letters
Year: 2017
Volume: 154
Issue: C
Pages: 45-47

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

•We consider betting on more than one outcome to in an event in Cumulative Prospect Theory and Rank Dependent Utility.•The representative individuals will typically prefer betting on more than one outcome in European Roulette.•Simultaneous win and lay wagers are likely in Rank Dependent Utility but not Cumulative Prospect Theory.

Technical Details

RePEc Handle
repec:eee:ecolet:v:154:y:2017:i:c:p:45-47
Journal Field
General
Author Count
1
Added to Database
2026-01-28