Buraimo, Babatunde 
ORCID: 0000-0003-3928-5624, Peel, David and Simmons, Rob
(2016)
On the Positive Expected Utility of Combination Wagers.
DECISION ANALYSIS, 13 (3).
pp. 209-212.
ISSN 1545-8490, 1545-8504
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Official URL: https://doi.org/10.1287/deca.2016.0334
Abstract
<jats:p> We demonstrate that a utility maximizing individual with an everywhere concave utility function may optimally wager on two or more outcomes in an event even though the expected returns to a unit stake are negative on all outcomes except one. </jats:p>
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | expected utility, optimal wagering, combination wagers on an event |
| Depositing User: | Symplectic Admin |
| Date Deposited: | 26 Sep 2016 10:42 |
| Last Modified: | 07 Dec 2024 08:47 |
| DOI: | 10.1287/deca.2016.0334 |
| Related URLs: | |
| URI: | https://livrepository.liverpool.ac.uk/id/eprint/3003458 |
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