KOESSLER, Frédéric; ZIEGELMEYER, Anthony; BROIHANNE, … - Bureau d'Économie Théorique et Appliquée (BETA), … - 2002
This paper analyzes a model of sequential parimutuel betting described as a two-horse race with a finite number of noise bettors and a finite number of strategic and symmetrically informed bettors. For generic objective probabilities that the favorite wins the race, a unique subgame perfect...