The Markowitz model of utility supplemented with a small degree of probability distortion as an explanation of outcomes of Allais experiments over large and small payoffs and gambling on unlikely outcomes.
Research output: Chapter in Book/Report/Conference proceeding › Chapter
| Original language | English |
|---|---|
| Title of host publication | Economics of Betting Markets |
| Publisher | Taylor and Francis |
| Edition | 2009 |
| ISBN (print) | 0415557306 |
| Publication status | Published - 1 Jan 2009 |