Wagering on more than one outcome in an event in Cumulative Prospect Theory and Rank Dependent Utility
Economics Letters, 2017, vol. 154, issue C, 45-47
•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.
Keywords: Cumulative Prospect Theory; Rank Dependent Utility; Hedge wagering (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:154:y:2017:i:c:p:45-47
Access Statistics for this article
Economics Letters is currently edited by Economics Letters Editorial Office
More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().