On the utility of gambling: Extending the approach of Meginniss (1976)

DOI10.1007/S00010-008-2931-0MaRDI QIDQ998745zbMATHOpenAlexWikidataFDO

Authors Che Tat Ng, R. Duncan Luce, A. A. J. Marley

Publication date 29 January 2009

Published in Aequationes Mathematicae (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00010-008-2931-0

zbMATH Keywords

entropyexpected utilityfunctional equationsutility of gamblinggamble decomposition

Mathematics Subject Classification ID

Measures of information, entropy (94A17) Utility theory (91B16) Functional equations for real functions (39B22) Probabilistic games; gambling (91A60)

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Cited in

(14)

• Purity, resistance, and innocence in utility theory
• The normalized expected utility -- entropy and variance model for decisions under risk
• On elements of chance
• A comparison of five models that predict violations of first-order stochastic dominance in risky decision making
• Utility of gambling. I: Entropy modified linear weighted utility
• Utility of gambling when events are valued: An application of inset entropy
• Evaluating gambles using dynamics
• A NOTE ON THE JOINT OCCURRENCE OF INSURANCE AND GAMBLING
• Gambling with the house money in capital expenditure decisions: An experimental analysis
• Utility of gambling under p(olynomial)-additive joint receipt and segregation or duplex decomposition
• A process approach to the utility for gambling
• A world of chance. Betting on religion, games, Wall Street
• Utility of gambling. II: Risk, paradoxes, and data
• The utility of gambling reconsidered

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