Explaining the Favorite-Longshot Bias: Is it Risk-Love or Misperceptions?
收藏NBER2010-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15923
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资源简介：
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning--longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet
提供机构：
美国国家经济研究局
创建时间：
2010-04-01
