The utility of gambling

DOI10.1007/BF01072614MaRDI QIDQ2367586zbMATH OpenOpenAlexFDO

Authors John Conlisk

Publication date 2 September 1993

Published in Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/bf01072614

Mathematics Subject Classification ID

Probabilistic games; gambling (91A60) Utility theory (91B16)

Cites work

• "Expected Utility" Analysis without the Independence Axiom
• A simple model for the utility of gambling
• A theory of risk
• Alternative Approaches to the Theory of Choice in Risk-Taking Situations
• An axiomatic theory of conjoint, expected risk
• An Expected Utility Function for the Insurance Buying Gambler
• Collusion in Multiproduct Oligopoly Games under a Finite Horizon
• Friedman-Savage Utility Functions Consistent with Risk Aversion
• Lotteries, insurance, and star-shaped utility functions
• Preference and belief: ambibiguity and competence in choice under uncertainty
• Probability, Utility, and the Independence Axiom
• Prospect Theory: An Analysis of Decision under Risk
• Several possible measures of risk
• Sources of Bias in Assessment Procedures for Utility Functions
• The framing of decisions and the psychology of choice
• The role of insurance and gambling in allocating risk over time

Cited in

(11)

• Skewness seeking: risk loving, optimism or overweighting of small probabilities?
• Misunderstanding of the binomial distribution, market inefficiency, and learning behavior: evidence from an exotic sports betting market
• Estimating risk preferences of bettors with different bet sizes
• From aggregate betting data to individual risk preferences
• Lowest unique bid auctions with population uncertainty
• A second-generation disappointment aversion theory of decision making under risk
• What drives demand for state-run lotteries? Evidence and welfare implications
• On preference for simplicity and probability weighting
• The resolution of uncertainty in the value and probability domains
• Utility of gambling. I: Entropy modified linear weighted utility
• Utility of gambling. II: Risk, paradoxes, and data

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