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  • Revisions for Decision Analysis 2016-06-14

    Rights statement: Copyright © 2016, INFORMS

    Accepted author manuscript, 294 KB, PDF document

    Available under license: CC BY-NC: Creative Commons Attribution-NonCommercial 4.0 International License

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On the positive expected utility of combination wagers

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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On the positive expected utility of combination wagers. / Buraimo, Babatunde; Peel, David; Simmons, Robert.
In: Decision Analysis, Vol. 13, No. 3, 09.2016, p. 209-212.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Buraimo, B, Peel, D & Simmons, R 2016, 'On the positive expected utility of combination wagers', Decision Analysis, vol. 13, no. 3, pp. 209-212. https://doi.org/10.1287/deca.2016.0334

APA

Buraimo, B., Peel, D., & Simmons, R. (2016). On the positive expected utility of combination wagers. Decision Analysis, 13(3), 209-212. https://doi.org/10.1287/deca.2016.0334

Vancouver

Buraimo B, Peel D, Simmons R. On the positive expected utility of combination wagers. Decision Analysis. 2016 Sept;13(3):209-212. Epub 2016 Aug 18. doi: 10.1287/deca.2016.0334

Author

Buraimo, Babatunde ; Peel, David ; Simmons, Robert. / On the positive expected utility of combination wagers. In: Decision Analysis. 2016 ; Vol. 13, No. 3. pp. 209-212.

Bibtex

@article{3472902f3b6a4d5bb6a1122d7ccb7232,
title = "On the positive expected utility of combination wagers",
abstract = "We demonstrate that a utility maximizing individual with an everywhere concave utility function mayoptimally 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.",
keywords = "expected utility, optimal wagering, combination wagers on an event",
author = "Babatunde Buraimo and David Peel and Robert Simmons",
note = "Copyright {\textcopyright} 2016, INFORMS",
year = "2016",
month = sep,
doi = "10.1287/deca.2016.0334",
language = "English",
volume = "13",
pages = "209--212",
journal = "Decision Analysis",
issn = "1545-8504",
publisher = "INFORMS Inst.for Operations Res.and the Management Sciences",
number = "3",

}

RIS

TY - JOUR

T1 - On the positive expected utility of combination wagers

AU - Buraimo, Babatunde

AU - Peel, David

AU - Simmons, Robert

N1 - Copyright © 2016, INFORMS

PY - 2016/9

Y1 - 2016/9

N2 - We demonstrate that a utility maximizing individual with an everywhere concave utility function mayoptimally 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.

AB - We demonstrate that a utility maximizing individual with an everywhere concave utility function mayoptimally 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.

KW - expected utility

KW - optimal wagering

KW - combination wagers on an event

U2 - 10.1287/deca.2016.0334

DO - 10.1287/deca.2016.0334

M3 - Journal article

VL - 13

SP - 209

EP - 212

JO - Decision Analysis

JF - Decision Analysis

SN - 1545-8504

IS - 3

ER -