Ziegelmeyer, Anthony; Broihanne, Marie-HÈlËne; … - In: Journal of Risk and Uncertainty 28 (2004) 2, pp. 165-186
This paper investigates parimutuel betting in the laboratory. Our experimental design relies on a simple sequential betting game where equilibrium strategies are characterized according to objective probabilities, the number of bettors, and publicly observable odds. The empirically...