On the positive expected utility of combination wagers

Buraimo, Babatunde and Peel, David and Simmons, Robert (2016) On the positive expected utility of combination wagers. Decision Analysis, 13 (3). pp. 209-212. ISSN 1545-8504

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Abstract

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.

Item Type:
Journal Article
Journal or Publication Title:
Decision Analysis
Additional Information:
Copyright © 2016, INFORMS
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/1800
Subjects:
?? expected utilityoptimal wageringcombination wagers on an eventdecision sciences(all) ??
ID Code:
80707
Deposited By:
Deposited On:
04 Aug 2016 12:36
Refereed?:
Yes
Published?:
Published
Last Modified:
18 Dec 2023 01:40