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  • Revisions for Decision Analysis 2016-06-14

    Rights statement: Copyright © 2016, INFORMS

    Accepted author manuscript, 294 KB, PDF document

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On the positive expected utility of combination wagers

Research output: Contribution to journalJournal articlepeer-review

<mark>Journal publication date</mark>09/2016
<mark>Journal</mark>Decision Analysis
Issue number3
Number of pages4
Pages (from-to)209-212
Publication StatusPublished
Early online date18/08/16
<mark>Original language</mark>English


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.

Bibliographic note

Copyright © 2016, INFORMS