Taking bets on Benin
نویسندگان
چکیده
منابع مشابه
One way bets on pegged exchange rates
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When two agents hold different priors over an unverifiable state of nature, which affects the outcome of a game they are about to play, they have an incentive to bet on the game’s outcome. We pose the following question: what are the limits to the agents’ ability to realize gains from such speculative bets when their priors are private information? We apply a “mechanism design” approach to this...
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Small cash transactions, electronic or otherwise, can have their overhead costs reduced by Transactions Using Bets (TUB), using probablistic expectation (betting) as a component. Other types of protocols may also beneet from this idea.
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This paper examines the preference-based approach to the identification of beliefs. It focuses on the main problem to which this approach is exposed, namely that of state-dependent utility. First, the problem is illustrated in full detail. Four types of state-dependent utility issues are distinguished. Second, a comprehensive strategy for identifying beliefs under state-dependent utility is pre...
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ژورنال
عنوان ژورنال: Index on Censorship
سال: 1992
ISSN: 0306-4220,1746-6067
DOI: 10.1080/03064229208535325